TermsFeed as a legal clause generator service
All of the clauses are lawyer-drafted, and the expert system of TermsFeed delivers the right clause to fit the user’s needs.
It would be easy to get up to around $100 for a clause, but that is still cheaper than hiring a lawyer to draft (or copy/paste) a clause for you. The question is if the client loses something by not having a lawyer speak to them to find any other clauses, terms, or legal concerns that their product might raise.
There is an advantage to the user, though, about walking through the process themselves, and seeing all the factors that go into making an effective clause. Rather than just getting ‘magic words’ from a lawyer, they can begin to think through what these clauses are trying to protect against or disclaim liability from.
Certainly there will be more products in this vein, of ‘generators’ — for lawyers or for laypeople who want to do law on their own. It’s an easy experience, like shopping — click through a menu to customize it to your known particulars, and come out with what you wanted. It takes less than 15 minutes, it requires no complicated choices or text entry, and it’s a predictable price.
The big issue remains: quality control, especially when it is a clause that may take many years to play out and may have to deal with unpredictable scenarios.