The tagline is taken from Tractis, so I canâ€™t claim credit for it, but I do wholeheartedly agree. At the same time, the legal system and the rules we follow ought to evolve gingerly for the sake of societal continuity. But while the legal system is largely monolithic, there are pockets of innovation or specialization that niche communities adopt ahead of the rest. Examples in the United States would be the business saavy Delaware Chancellory Courts that draws companies to incorporate and litigate there, the expeditious U.S. District Court for the Eastern District of Texas that draws plaintiffs in patent cases, and the arbitration system that binds brokerages, their employees and account holders in disputes.
In Europe, a talented band of rebels -- Negonation -- is developing Tractis as an alternative platform â€“- technical and legal â€“- for negotiating, writing, executing, and litigating contracts for transnational transactions. (David Blanco is CEO; Manolo Santo developer; and Diego Lafuente architect. Other members of the development team are Juanse PÃ©rez, Juanjo BazÃ¡n and Juan LupiÃ³n.) Software licenses, rental agreements, warranties -- or more complex contracts -- are examples of the types of contracts they see Tractis handling.
Our enemy is the current transnational justice system.
It is slow, expensive, complex, closed, uninteroperable and centralized.
It is unfair for most of us and obsolete for the Internet.
At Negonation, we want to create a better alternative.
A fast, cheap, simple, open, interoperable and decentralized system.
A system that is fair for most of us and for the Internet nation.
Befitting disruptive rebels, Negonation is building their technical platform using Ruby on Rails. Tractis software will enable collaborative authoring, versioning and execution of contracts. Disputes will be arbitrated outside the courts. Tractis relies on the legal sanction of e-signatures and binding arbitration in each of the member nations.
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Post InfoThis entry was posted on Wednesday, November 29th, 2006 and is filed under legal.
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