I think of relative value as being a function of cost in relation to benefit.
Koncision isn’t giving away the confidentiality-agreement template. To some, that might make Koncision all too conventional an offering.
But consider the cost-benefit relationship. Koncision would allow you to quickly create a confidentiality agreement with state-of-the-art substance and unmatched clarity. Furthermore, it would be tailored to your deal; the amount of subsequent tweaking required would depend on how mainstream your needs are.
I wager that you wouldn’t find anyone capable of creating something as good. And for product somewhat or markedly inferior, you might well pay a bundle. (Go here for an example of the sort of thing your money would likely get you at a major law firm.)
What we’re asking for in exchange is modest, to say the least, given what’s at stake:
- $100 if you subscribe for one transaction: How much do you think it would cost for you to prepare, or to have someone else prepare, something remotely comparable? And how long would it take?
- $500 for purposes of upgrading your templates: For less than what a BigLaw partner would charge for one hour of time, you’d be able to significantly improve, or simply replace, a template that you use repeatedly. For a modest-sized company, it’s a bargain. For a larger company, it’s a no-brainer.
- $1,440 for a one-year subscription: If you prepare a dozen, two dozen, or more confidentiality agreements a year, each with a measure of customization, the time and money saved by subscribing for a year would by far exceed the cost. And that’s before you even take quality into account.
You could instead go for one of the low-cost or no-cost alternatives that have caught the eye of the law-and-technology commentariat. In terms of the level of customization they offer, some just about pass the laugh test, others clearly don’t. But none of them can offer Koncision’s rigorous language. And they can’t offer the extensive customization achieved by Koncision’s artful deployment of ContractExpress’s amazing functionality. And as regards substance, what are their credentials?
But what ultimately determines the benefit to you of using Koncision is the importance you attribute to any transaction for which you’d use our template. If it’s nothing you’re going to get worked up about, the low-cost or no-cost option should do just fine. But if like me you think that “good enough” is a concept that has no place in contract drafting (as discussed in this blog post), your only choice is Koncision.