Document automation solutions solve some of the major problems of traditional contracting. Drafting contracts manually is inefficient, time-consuming and unreliable. This applies even though there are excellent, legally compliant templates to speed up contract creation due to inefficient back and forth emailing of contract versions. Since contracts aren’t immutably stored, you can’t guarantee that the contract is authentic unless you use a notary service, exposing you and your company to major legal risks if you don’t or additional costs if you do. Furthermore, storing documents which includes personal identifiable information requires additional security measures to be legally compliant.
Legally Chained on chain contract automation software enables you to create compliant onchain contracts. Your contracts will be immutably stored and you can always prove what is agreed upon by which parties.