In an ideal world, a handshake would be enough to close a deal. At most, until a disagreement. In the absence of written agreements, however, a business is based exclusively on trust and entails high risks.
However, some entrepreneurs (un)consciously refrain from drawing up legal documents, as they are far too complex and lengthy. What if the creation of a legal document was as simple as a handshake?
It all started with a handshake and many wish it had stayed that way. Since then, contract management has changed a lot. From handshakes to typewriters to Word templates, complexity increased with each step.
Today, there are basically two ways to create a contract:
– Either you have your contracts edited by professionals (internally or externally)
– or you fight your way through the countless Word templates.
Since many Swiss SMEs do not have their own in-house lawyer and cannot afford external help, the only option left is the unsatisfactory one.
Established for many years, Word templates are the most common practice for creating contracts. Used by legal professionals (lawyers, attorneys and trustees) or non-specialists (entrepreneurs, managers, private individuals), the creation of contracts based on a Word template is widespread.
What it gains in popularity, this practice must give back in efficiency. Indeed, it entails a number of disadvantages:
Due to the disadvantages mentioned above, the process of creating the contract becomes almost as complex as the contract itself. The time is ripe for a third alternative.
Recently, new solutions are changing and modernizing the legal landscape and the creation of contracts. While these new solutions are widely used in the United States, Approovd, for example, is the first contract streaming platform in Switzerland. It gives anyone who needs quality contracts the ability to create them themselves.
Approovd’s intelligent technology is the natural evolution of Word document templates into a dynamic, personalized contracting experience…all as easy (and almost as fast) as a handshake. In short: the user creates an account, answers an average of 20 questions online (no legal knowledge required) and generates a contract approved by the best Swiss lawyers in less than 10 minutes.
The whole process is done entirely online: from creation, through modifications, to signature. There are many advantages to this new method, to name just a few:
Approovd offers 15 free document templates (5 in German, 5 in English and 5 in French) to test this alternative to existing solutions. To do so, simply create a free account with no obligation to purchase and choose the document you would like to create.
Only one question remains open: do you already stream your documents or are you still waiting?
Magda Fessy
Chief Marketing Officer
Approovd
Magda is convinced of the benefits of automation. She is committed to ensuring that all companies in Switzerland have access to the best legal know-how
