Common accord cmacc transact - iaccm presentation 20170509

IACCMEMEAConference2017

•  CUTTINGEDGETECHFORCONTRACTRELATIONSHIPSUSINGSMARTCONTRACTS

ANDLEGALPROSEOBJECTS

©2017IACCM

"Alotofotherpeoplearetryingtobebrilliantandwe'rejust

tryingtostayraBonal.It'sabigadvantage."—CharlieMunger

©2017IACCM

Whereweareheading:

Cmacctransact/CommonAccord-May2017 3

IACCM

“AutomaBon–Transforming

ContractsandCommercial

Management”

p.12:

©2017IACCM

Agenda

1.  Context:

Peer-basedtransacBng:

•  Blockchains,IdenBtyManagement,IoT,SmartContracts

•  CommonAccord“WiseContracBng”:

•  Dealdata,ProseObjects,SmartContracts

2.  Proposal:

IACCMconvenescodifica;onofcommercialcontrac;ng,globally•  AmodularMasterServiceAgreementandrelatedSOWs,POs,annexes,

etc.

•  Aligneffortsofsuppliers–lawyers,CLM,analyBcs,documentassembly,

IoT,blockchains.

•  IACCMChapterscancustomiseforlocalpreferencesandjurisdicBons

3.  Discussion


©2017IACCM

Awordaboutus

•  JamesHazard•  Lawyer(California,Paris,Massachuse\s,NY,Oregon)

•  Solo,smallfirm,bigfirm,court

•  CornellLaw,BrownUniversity•  Familyoflawyersandengineers

•  MarcDangeard•  Entrepreneur(25yearsinSiliconValley)•  Engineering(ENSAEToulouse)andBusiness(HEC)background•  Oracle,Sony,manystartups


©2017IACCM

FromtheinternetofinformaBon

Before Afer


©2017IACCM

Totheinternetofvalue

Blockchaintechnologiespromisetoeliminatemiddlemen,but…

Before Afer


©2017IACCM

SmartContracts

•  SmartContractsarenotcontracts


©2017IACCM

DealTerms

Sofware

“Smart

Contracts”

Legal

“Prose

Objects”

SmartContracBngwith“WiseContracts”


©2017IACCM

Acommonlanguageforallactors

Endusers Lawyers

Visualclues,

icons

IdenBfy

KeyopBons

Create,managedeals

Smartcontracts

Automateexecu+on

Notarizeina

blockchainOpensourcelanguage

forcontracts

Extract

parameters

IdenBfyprocesses

thatcouldbe

automated

Businessline Connectedthings


©2017IACCM

CommonformatforallinteracBons

PrivateProseObjectlibraries

AIcapture

ContractbuilderUI

Databinding

Proseobjects

Proseobjectsserver

WebpagegeneraBon

•  APIforcustomUI

•  APIforContractLifecyclemanagement

PDFgeneraBon

Standardisedcontracts

ProseObjectlibrariesglobally,

localisedbyIACCMchapters

APIforSmartContracts

APIforThings(IoT)


Allthepartsofthe

transacBngmustfit

together!

©2017IACCM

DrivingtransformaBon�legalandtechnicalstandards

LegalSilos

LegalStandards

Corporate

Systems

TechnicalSilos TechnicalStandards

ERP,CRM,

etc...OnlineServices

CCMdrives

transformaBon!

Smart

Contracts,IoT

INCOTerms

ISDA

FIDIC

BlockchainTechnologies

IdenBtyManagement

Business

Process

AutomaBon


IACCM

CommonAccord

©2017IACCM

CommonAccord:wherewearetoday

•  Well-testedmodelfor“ProseObjects”

•  HarvardBerkmanCenter,MITConnecBonScience,LaBChain,

KantaraIniBaBve

•  ScholarshipwithHelenaHaapio•  Discussionswithlegaltech

•  Specificproposalsfor:•  mMSA–modularMasterServicesAgreement

•  TermsofUse,GDPR

•  Proofofconcept:•  CaissedesDépôtsgroupinFrance(4companiesinvolved)

•  Privacy-techHackatontocreatefirstTermsofUseproseobject


©2017IACCM

Nextsteps:

•  Whatformsofcontractscauseyoupain?

•  NDA•  MSA

•  POsandSOWs

•  TermsofUse

•  Privacy•  DataSecurity•  Other

•  Whatdocumentstandardsdoyouknowof?

•  Whoisinterestedincodifyinglegal?


©2017IACCM

QuesBons?

[email protected]

+33(7)68112325

Cmacc Transact � HEC Paris � Supaéro

[email protected]

+33(6)80218178

CommonAccordadvisors:

•  TimCummins

•  SallyHughes•  HelenaHaapio


Common accord cmacc transact - iaccm presentation 20170509

Technology

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