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Levelware goes straight to essential legal and business terms that must be agreed as part of a potential transaction, ensuring that all parties have actually addressed, understood and agreed on each key term. You can use Levelware for many common deals -- hiring, exchanging confidential materials, financing, collaborating, resolving disputes (and other common deals) -- before signing a binding contract. No forms, no legalese, no unfair advantages. Clear, structured communication based on bedrock principles of contract law, best practices and common sense.
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The specific, negotiable terms that must be individually discussed and agreed in order to generate a signed PDF via the Levelware System. While in negotiation, changes made to terms under discussion are highlighted visually so you can see exactly what was modified.
Terms can be agreed on a legally binding or non-binding (for discussion purposes only) basis. Electronic, cryptographic signatures reflect the full negotiating history of the agreement.
Each deal type contains terms that must be negotiated and agreed, together with non-negotiable, "Levelterms," that incorporate a framework of industry best practices to support the parties' shared purpose and goals.
Each negotiable term is supported by Leveltips: a clear explanation of the business and legal significance so the parties understand what's at stake and can make an informed decision relation. Examples provide starting points and common approaches.
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For agreements that opt in to Levelterms, both parties get the benefit of complementing the terms they negotiated with a legal framework structured on what is generally accepted within the industry.
Each Levelterm is also supported by a description of the relevance and why it's appropriate for the deal type.