ONENDA + M&A MODULE AND THE RELEASE OF A STANDARDISATION-FOCUSSED COMMUNITY PLATFORM, CLAUSTACK

Since the launch of oneNDA in February 2021, the initiative has attracted global interest, with the number of lawyers interested in standardisation hitting 10,000. oneNDA has been downloaded 8,600 times, 600 organisations have adopted oneNDA as their organisational standard and 10,000 people have signed up to be kept in the loop on oneNDA and beyond.

On the 16th March, TLB (the team behind oneNDA) is launching not one but three new initiatives:

A revised version of oneNDA (referred to as oneNDA v2). Since oneNDA was launched in August 2022, the oneNDA team has encouraged the community to provide feedback and comments. The new version includes updates made in response to that feedback including expandable text fields and space for additional language, allowing more flexibility whilst retaining standard language. The push for the second change was the desire to increase adoption within the community by allowing more flexibility whilst still retaining standard language. Users will still not be allowed to change the baseline text.

A new M&A-specific oneNDA form (referred to as oneNDA + M&A) which contains the same language as oneNDA but incorporates additional language that makes the NDA fit for purpose for a wider use-case. The push for this initiative was again to increase adoption by broadening the scope.

Claustack, A standardisation-focused legal community platform where members of the legal community can download existing documents and participate in future standardisation initiatives by providing feedback or spearheading an initiative of their own. Throughout the oneNDA project, it became apparent that the legal community was not only interested in standardisation but also in working more collaboratively with peers to create better ways of working and crowdsourcing value for our profession more broadly. Unlike many other vocations, the legal industry has no online place to interact with peers with the specific purpose of improving the legal profession. Claustack is a place where lawyers can come together to create standards, share knowledge and network.

Electra Japonas, Co-Founder of oneNDA and CEO of TLB, said: “The most exciting bit about oneNDA was seeing the legal community really pull together in such an incredible way, from law firms, to in-house counsel to legal tech vendors to crowdsource value for the legal profession. The support we saw has been incredible and we think there’s a lot more to come”.

There’ll be no rest for the oneNDA team following the launch of these three new initiatives, as they prepare to release a new standardisation project on 6th April for the Data Protection Agreement which will be open for consultation to all Claustack members. If you want to join Claustack you can sign up here where you will also be able to download the new version of oneNDA and oneNDA + M&A from the 16th March.

For more information the oneNDA initiative:

Website – onenda.org

LinkedIn – linkedin.com/company/onenda

For more information about TLB:

Website – tlb.law

LinkedIn – linkedin.com/company/the-law-boutique

Contacts:

For oneNDA, Claustack or TLB:

Name: Electra Japonas

Email: electra@tlb.law