What are the benefits of using the eContracts Schema?
• The eContracts Schema should reduce the cost of maintaining large volumes of precedent or template contract documents and terms over long periods. Precedents won’t have to be changed to deal with changing file formats in word processing software or when the organization changes the presentation style of its contract documents. • If adopted by developers of document assembly software, the eContracts Schema should reduce the cost of setting up documentation for use in document assembly software and enable users to more easily use precedent documentation with multiple software applications. • If users develop suitable metadata models, the eContracts Schema will make it easier to people who use precedent or template contracts to find existing precedent resources and reduce the effort in creating high quality contract documents. • The eContracts Schema will enable user organizations to more effectively automate the production of contract documents into any output format for specific trans
