Ask HN: Feedback on Startup Idea

2 points by bookworm97 13 years ago | 5 comments

I wanted to get your feedback on this startup idea I have.

It's a service that bullets and summarizes your legal contracts in a readable and consumable format so that you don't have to read the "legalese" to understand what your contracts are saying. The formatted contracts would be done by a team of professional lawyers.

rodw 13 years ago |

I think this sounds interesting in a lot of ways, but I question your assumption that a team of professional lawyers will agree that you "don't have to read the legalese to understand what your contracts are saying". Presumably the lawyers had a reason for putting the language in the contract to begin with. You might be able to summarize a contract in this way, but in the general case I don't think you can just "translate" the contract into plain English without glossing over parts of it, and parts that lawyers probably think are important details. It's a bit like software or mathematics in that way, the formal language serves some purpose.

- However, maybe the parts that get glossed over are covering edge cases that often don't matter?

hacker91 13 years ago |

I like the idea too

there are too often terms in contracts which can cause you big problems but which you don't notice before they actually cause you problems, when everything has already been signed.

good luck with that

blazzar 13 years ago |

Worthwhile (if difficult) idea to implement. In addition to decrypting the legalese speak it would be helpful to standardise your output so that contracts could be compared side by side.

Pratheeswaran 13 years ago |

this idea looks good to me.

may be to validate this further, you can try doing this first for the popular software license terms - Apache, MIT, LGPL, etc. and see how the HN community use it.

s3b 13 years ago |

sounds like what these guys do : http://www.pramata.com