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So the idea is very very formative, but in a [[nutshell]] it is like an open-source GitHub, only for [[legal code]] — that is, legal text. ''Words''. The challenge is to keep the simplicity but not throw away the opportunities provided by the network and the digital commons. | So the idea is very very formative, but in a [[nutshell]] it is like an open-source GitHub, only for [[legal code]] — that is, legal text. ''Words''. The challenge is to keep the simplicity but not throw away the opportunities provided by the network and the digital commons. | ||
===How is this different to existing platforms?=== | |||
All existing platforms are in some way proprietary, limited in access, intended as commercial enterprises in themselves. Therefore (i) they are unresponsive to real-time demand; (ii) they are expensive and high maintenance; (iii) they unnecessarily [[Rent-seeker|extract rent]], and encourage down-stream [[rent-seeking]] behaviour from participants (iv) they preserve [[confidentiality]] and a worldview which regards as ''proprietary'' an element of market infrastructure ([[boilerplate]]) that is in fact a ''public utility''. | |||
===Just “[[boilerplate]]”?=== | |||
We take a wide view of what counts as “[[boilerplate]]”. ''All'' legal documentation that would not feature on a one-page term sheet is “[[boilerplate]]”. | |||
For the underlying economic/systems rationale, see: [[ClauseHub: theory]] | For the underlying economic/systems rationale, see: [[ClauseHub: theory]] | ||