And it makes sense to use an NDA as the test case-NDAs are ubiquitous in business, and any new contract-drafting initiative invariably starts out with an NDA. It’s fair to assess LegalZoom’s business offerings based on that one document-to be viable, LegalZoom’s business documentation would have to be consistent. That prompted me to purchase, for $14.95, one of LegalZoom’s model contracts, a three-and-a-half-page “unilateral” nondisclosure agreement (NDA), in Word, stating the terms under which one party is prepared to disclose confidential information to the other party. For example, go here for what Consumer Reports had to say about its service for preparing a will.īut I don’t think LegalZoom’s products for businesses have been looked at closely. What LegalZoom has to offer consumers has received a measure of scrutiny. For anyone contemplating investing in LegalZoom’s IPO or becoming a LegalZoom customer, or anyone wondering what effect services such as LegalZoom will have on the legal profession, a basic question would be the quality of LegalZoom’s products. And it allows users to create a broad range of contracts and other documents required to start and operate a business. LegalZoom allows consumers to create wills and trusts, real-estate documents, the paperwork for divorces, and such. In May, LegalZoom, the provider of online legal services, declared that it intends to raise $120 million in an initial public offering.
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