With its launch in the present day of a brand new line of automated enterprise paperwork for small- and medium-sized companies, SixFifty is making three notable modifications to what has been its enterprise mannequin thus far.
For one, it’s increasing into company and business paperwork after beforehand focusing its automation know-how on privateness, employment and professional bono paperwork. For one more, it’s now promoting these paperwork à la carte along with by subscription. Lastly, whereas its earlier paperwork had been drafted by attorneys on the regulation agency Wilson Sonsini Goodrich & Rosati, these new paperwork have been drafted by attorneys it employs straight.
A New Market
Launched in 2019 as Wilson Sonsini’s know-how subsidiary, SixFifty has produced a collection of merchandise through the years designed to allow corporations to automate their compliance with authorized and privateness necessities, reminiscent of its latest launch of a product to automate compliance with state data privacy laws (and different merchandise talked about in that put up).
Till now, all of SixFifty’s merchandise for companies had been bought on a subscription foundation and all of the paperwork had been based mostly on ones created by attorneys at Wilson Sonsini.
With in the present day’s launch of its line of enterprise paperwork, SixFifty is launching a market the place it’s promoting the paperwork à la carte along with by subscription.
As famous, these new paperwork weren’t created by Wilson Sonsini attorneys, as up to now, however by attorneys straight employed by SixFifty.
“We nonetheless maintain ourselves to the identical high quality normal — and Wilson nonetheless holds us to the identical high quality normal — however we don’t use Wilson attorneys anymore,” Parker stated. “Now we have now an in home lawyer unit.”
Vary of Enterprise Paperwork
The brand new company and business paperwork being made obtainable in the present day embody 50 paperwork that span:
- Web site paperwork, reminiscent of phrases of service and privateness insurance policies.
- Gross sales paperwork, reminiscent of grasp providers and subscription agreements.
- Partnership paperwork, reminiscent of referral and licensing agreements.
- Governance paperwork, reminiscent of board minutes, consents, and fairness plans.
Over the subsequent yr, the company and business assortment will broaden to 150 paperwork, Parker stated. “We’re hoping to broaden that out so that each doc an organization may need all through its life may be discovered on our web site.”
A La Carte or Subscription
Companies will be capable to buy and create these paperwork à la carte by means of SixFifty’s new Doc Market or of their entirety by means of a SixFifty subscription.
Particular person paperwork value $180, $280 or $480, relying on their complexity (with costs proven within the market).
A subscription to the total set of enterprise paperwork will begin at $180 monthly.
“Each enterprise wants primary authorized paperwork to assist them promote services, accomplice with different organizations, and usually run the operations of their firm,” stated Parry. “Our new Enterprise Docs product supplies corporations with the authorized basis they should thrive and develop.”
SixFifty will proceed to supply subscriptions to its different teams of paperwork that cowl employment and privateness points. It additionally provides a library of professional bono paperwork obtainable at no cost. SixFifty says it screens updates to the regulation and greatest practices and modifies its paperwork to maintain them present.
“SixFifty’s objective is to make the regulation extra accessible by automating each widespread authorized doc at a world-class degree,” stated Kimball Dean Parker, CEO of SixFifty. “Automating the main company and business paperwork for small and medium-size companies is a significant step towards that objective.”
If you wish to see a pattern from SixFifty’s Enterprise Docs, you may obtain a free non-disclosure settlement at www.sixfifty.com/marketplace.