Template and automated legal documents are increasing in popularity.
For years there have been many websites offering standard contracts for download. Most of these have a US/European law focus, but the past couple of years have seen some similar services launched in Asia.
Some of these websites offer a very comprehensive collection of legal documents which address the needs of startups and small businesses in particular — everything from NDAs to equity investment agreements are available for download, usually with a fee.
My cover slide for this part of the workshop reads: “Be very very very very careful when using standard contracts” — I’m not sure whether I should have added a few more ‘very’s to statement.
Business owners should be extremely cautious when using these legal documents.
My overall conclusion is that obviously conveyancing lawyers aren’t going to be redundant anytime soon, but I’m hopeful for changes which will make the conveyancing process less of a maze. Certainty and clarity will be good for everyone (including lawyers).
From what we’ve discussed so far, it’s obvious that currently the ideal is very far from reality.
The conveyancing ecosystem in Malaysia means that a non-lawyer intending to complete a sale and purchase agreement without a lawyer will end up entering a maze. It’s dangerous, it’s complicated, and it’s impossible.
I’m sure that the organisers know this — that “DIY conveyancing” isn’t possible now. But the purpose of the project is to ideate solutions for the future.
What needs to change for DIY conveyancing to be possible? Hopefully CALR and others can come up with some solutions. Here are my quick thoughts before everyone gets to ideating.