R. Shawn McBride recently spoke about internet forms.
Hi, folks, Shawn here with you. You know you hear a lot of lawyers say that internet forms are terrible. If you Google around most of them say it’s bad. I’ve even taken that position. But when are internet forms good?
When can we actually utilize these things? You know they can be utilized. A lot of your lawyers are using forms. They either subscribe to form databases that they pay for or they find forms that they’ve used in prior deals, or other people have used in prior deals and they update them for you.
So a lot of clients are like, well a lawyer is just updating a form anyway, why am I paying big money? Let me go find a form. And if you know exactly what you’re looking for, and you know the modifications you need to make, you know, internet form may meet your needs because that’s literally what lawyers are typically doing.
We’re finding a form; we’re not going to reinvent the wheel. We’re not writing your contract from scratch. And then we’re modifying it to whatever’s going on in your particular situation. We’re going to listen to our clients. We’re going to listen to negotiation points. We’re going to say, we need to get a little more of this, a little less of that. We need to get this particular protection. Because I’m on this side of the deal, I’m the buyer this time, I’m going to want this structure. Because I’m a seller I want a different structure.
Your lawyer is thinking in terms of you, and what’s best for you, and how to tweak things. And if you know already how to make those tweaks, if you know what those important key commercial terms are, if you know where the weak points are in contracts, and if you know what should already be in the contract, you can get an internet form and modify it. I mean what you’re really paying your lawyer to do is to know where to modify it. But if you already know that, if you can make those changes, if you can draft the way that lawyers write to get that type of language that’s expected by a court system that has that degree of clarity, you’re all set.
So internet forms, there’s not an absolute ban on them. I mean I would never tell people absolutely not, if you know what you’re doing. If you can modify it and change it, go with it, run with it, save the money. Do not hire a lawyer unless you absolutely need it. Use the lawyer at the highest and best value added to do things you can’t do.
Same with all the other people you’re delegating to, right? You’re delegating because either you don’t have the time, or you don’t have the expertise. You don’t want to be delegating things that you could easily handle on your own. If you can update that form, write that contract out easily on your own, get it done. So let’s be very practical.
If you need practical business advice, go to our blog, www.mcbrideforbusiness.com, and practical legal advice, go to our legal blogs. www.mcbrideattorneys.com McBride for Business YouTube channel has lots of great videos like this, to help you and your business. And the R. Shawn McBride fans and audiences page on Facebook is for you. It’s for business owners like you. Videos, a community around these types of issues. Join us; be part of us.
Let us know how we can help you. And let me know what I can do for you to help you be more successful. Could it be a keynote at your next event? Could it be some corporate training? What do you need to do more? Reach out to me, would love to hear from you. R. Shawn McBride signing off, I will talk with you very soon.
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This posting is intended to be a tool to familiarize readers with some of the issues discussed herein. This is not meant to be a comprehensive discussion and additional details should be discussed with your attorneys, accountants, consultants, bankers and other business planners who can provide advice for your circumstances. Each case is unique. Past results do not guarantee future outcomes. This article should not be treated as legal advice to any person or entity. Freeimages.com/photographer Katy-Smith.
About the Author
R. Shawn McBride is the Chief Innovation Officer at McBride For Business, LLC. His signature keynote, The 3 Laws of Empowerment, gives audiences an entertaining look at how they can prepare, plan and protect themselves. You can email R. Shawn McBride or (214) 418-0258.