UN SDG #16 Peace, Justice, And Strong Institutions UN SDG #16
UN SDG #11 Sustainable Cities and Communities UN SDG #11

challenge

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Making legal contracts freely available yet legally binding

The general public needs access to legal documents and contracts regularly, but often times they are barred from opportunity because of expensive legal fee and transaction costs. Seeking alternatives, people find solutions that are less than reputable and are often not even legally binding.

challenge

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Making legal contracts freely available yet legally binding

The general public needs access to legal documents and contracts regularly, but often times they are barred from opportunity because of expensive legal fee and transaction costs. Seeking alternatives, people find solutions that are less than reputable and are often not even legally binding.
300M
people impacted
$484.8B
potential funding
the problem
Nature and Context

Small businesses and ordinary citizens find themselves in need of legally binding contracts, but don't have the resources to pursue legal counsel or contract advice. Having an easily accessible, safe and legally sound online resource for legal documents could help cut the costs of the middle man.

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the impact
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Economic Impact
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who benefits from solving this problem
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financial insights
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ideas
Ideas Description

Docracy is the web's first and only open library of legal contracts: freely available, free to download, store, sign, easy-to-customize, yet legally binding. Its founders wanted to slash the prices of enforceable agreements, so people can save money on legal fees and transaction costs. Its beta was developed at a TechCrunch hackathon. It is socially curated meaning that anyone can upload or edit a document.

Ideas Value Proposition
Ideas Sustainability
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