Legaltech firm LawCloud is now offering its legal document library for free to all of its users in an effort to help small businesses impacted by COVID, according to a note from the company.
Some of the free legal documents include Employment Agreements, Non-Disclosure Agreements and Operating Agreements. LawCloud says the move to offering this service free is permanent.
LawCloud’s “adaptive autofill technology” enables users to access and complete questionnaires that produce complete legal documents based on answers.
LawCloud CEO Michael Knox says it’s been a very tough time for many businesses and they know how important it is for small companies to keep their legal house in order.
“Keeping legal documents in order greatly improves the capital raising process whether through raising private capital or equity crowdfunding and we are happy to be part of that process,” says Knox.
The LawCloud smart library has dozens of corporate, LLC, and HR documents according to the company. LawCloud expects to continue growing its library of free documents at the request of clients seeking documents not currently found in the library.
“LawCloud is pleased to be able to help startups in the wake of COVID-19 and our free document library is a way for us to contribute to helping startups work out of these challenging times,” says Doug Ellenoff, LawCloud co-founder.
LawCloud works with online capital formation platforms to streamline the compliance process for issuers thus reducing the time and cost necessary to raise growth capital. LawCloud has partnered with multiple securities crowdfunding platforms.