Common Paper — Build, negotiate, and sign contracts in minutes

Amazing! Congratulations on the launch! ^_^ I like the idea, Common Paper provides efficient and nicely done agreements! Is it integrated with Figma maybe? *_*

I think there's so much that can be automated in law! and think product looks really useful, well done Common Paper team !

Do you have any plans to make available outside the US? As cannot get passed the profile section as needs state and zip

👋 Thanks @ellenchisa, and hello Product Hunt! Jake here, co-founder and CEO of Common Paper. We’re thrilled to be able to share a new approach to legal contracts. Our vision is to turn contracts into APIs. We’ve been working with contracts for our whole careers, and before starting Common Paper, we interviewed more than 100 founders, lawyers, salespeople, and more from companies ranging from startups to Fortune 500 companies. We learned a lot about their frustrations with the slow, contentious status quo of contracting and what’s preventing things from being improved. The root cause of the problem is that contracts are unstructured and inconsistent. There are an infinite number of legally valid ways to draft each term in any given contract, and things get even more complicated once people start negotiating. Microsoft Word documents with tracked changes get emailed back and forth, and it creates a big mess of unstructured data. All of this means that it’s really hard for people to actually understand what’s in all of their contracts, and it’s impossible to automate the process of following through on their obligations. An API for contracts changes all of that, and we have built some really exciting elements in service of that vision: ⚖️ Open source, standard contracts: The first two are a Mutual NDA and Cloud Service Agreement (for selling software and cloud services). They are released under a Creative Commons license, so they are free to download and use with no strings attached. 👫 All star committee of attorneys that collaborated on the drafting of the contracts. They have experience in big law firms, in small boutique specialist firms, and as in-house at tech companies. The committee ensures that the standard contracts reflect market norms and industry best practices. 💥 Software for managing and automating the contracts. Our structured contract platform is built from the ground up for standard contracts, and it enables direct access to the data inside them. That means negotiation, closing, and knowing what’s in your contracts is faster and easier than ever before. P.S. The contracts and the platform are all free! You can try them out at www.commonpaper.com

This is a really underrated problem. I can't tell you the amount of time we spent at my last startup agonizing over contracts and redlines. Really excited that someone has finally built solution to it!

Well done on the launch! This looks like a great product, especially love the propose changes feature! Can't wait to try it out 👏

@jakestein huge congrats! we all know the last mile is solved with signatures but streamlining the back and forth with an open source, common contract will be a huge win for us all! Perhaps one day we can close enterprise deals at the speed of SaaS.

Congrats on the launch @jakestein! This is such a HUGE problem for startups and entrepreneurs everywhere and there's such a huge potential for disruption. Excited to take it for a spin.

The problem Common Paper is solving is so common for startups, that I'm ecstatic @jakestein and team are innovating in the space. Congrats on the launch!!

Congrats on the launch @jakestein. The Common Paper team is building a 10x better platform for managing legal contracts. Huge fan!

Congrats Team! We have been using Common Paper for several months and love it. Extremely seamless experience getting the legal hurdles out of the way for our new clients. Keep kicking ass guys!

What a great product! Jake has a wonderful gift of being able to identify challenging business problems and develop compelling solutions to address them. Common Paper looks terrific. Congratulations to @jakestein and the team.

I have been lucky enough to use this product already and for early stage startups and entrepreneurs it is a massive win. It is seamless to send out NDAs, they are all stored in one place and any unique terms are easily identified on the cover page. I can't wait for them to add more documents types to make all types of legal document reviews significantly easier.

Congrats on launch, @jakestein! I've personally felt a ton of pain around this problem and I love the way you're tackling it

Incredible to see such a difficult process end up in such a beautiful, digestible format. Excited to see how customizable, easily-tracked contracts change how founders view legal documentation!

I remember years ago reading about how some lawyers and government organizations had adopted GitHub to collaborate, track changes and version their policies and agreements. It made perfect sense to me how that concept, which has worked so well in technology, would also be a home run for legal agreements. Common Paper seems to be an even better extension of the idea that documents and agreements need an organized and standardized interface for templating and negotiating. I think this will be the future and we're excited to explore some of the open source agreements for use at Spectacles!

Huge Congrats! Absolutely love this idea... Innovation in contracts is an absolute must - sometimes takes 6 months to get through negotiations that is not only a loss of productivity but an unnecessary expense from both sides!

Can't wait for more partners to get onto the platform. We've been Beta users and this will save much time and energy working with our lawyers when dealing with vendor contracts.

Congrats @jakestein and team! I personally do much of the legal work in our young company. It blows my mind how inefficient and opaque the contracting process is. Whether I am on the vendor or customer side, during the negotiation stage or after signing, I spend endless hours trying to figure out what different terms mean (they are never written in the same way!) and what changes were made in the negotiation stage. Common Paper is an absolute game changer.

I got to meet Jake and the Common Paper team a while back. I knew the problem first hand from running sales orgs and agree that there's an underlying issue of unstructured data trapped in PDFs. The progress they made over the past few months has been incredible. If I was gonna make a bet on someone solving this problem, this is the team and this is the product.