Wikis and Legal Agreements

With my current fascination with wikis, I wondered if you could use one to draft a legal agreement. No, I thought. That's just crazy.

Well someone is crazier than me. Tractis.com has set up a library of legal agreements, using wikis to draft them. They have also layered on document management and signature tracking.

Like a good crash test dummy, I signed up and used one of their templates to draft a Non-Disclosure Agreement [Free Registration Required]. Feel free to edit my agreement. Interesting exercise, but I do not think I will be drafting agreements this way.

But individual clauses for agreements? That could done with a wiki.

I have a leasing clause library sitting in a folder in my document management system. I have been toying with the idea of putting each clause into a separate wiki page. You could add a description of uses for the clause, issues to watch out for and links to other related clauses.

I should warn you that Tractis is a Spanish company and most of the agreements are in Spanish. Despite several years of people trying to teach me Spanish, I can't do much with it except to point out that my pencil is yellow.

Thanks to Matt Homann for pointing this out.
the [non]billable hour: Web 2.0 Replaces Lawyers Again?