CLAUSTACK ANNOUNCES THE LAUNCH OF THE oneDPA INITIATIVE IN COLLABORATION WITH PwC NewLaw AND CONTRACTPODAi
Off the success of oneNDA, Claustack kicks off its next standardisation initiative, oneDPA, to standardise the Data Processing Agreement backed by PwC NewLaw, ContractPodAi and endorsed by World Commerce & Contracting
Claustack today announced it’s launching a oneDPA project on Wednesday 6th April. This latest project from the Claustack team comes with sponsorship from ContractPodAi, the AI-driven contract lifecycle management platform. Both ContractPodAi and PwC UK successfully adopted and rolled out oneNDA.
Graham Edwards, PwC NewLaw – Senior Transformation Lead said: “PwC NewLaw is proud to be supporting Electra Japonas, Roisin Noonan and team at Claustack on oneDPA. Since PwC UK launched OneNDA we have seen standardisation on NDAs being used and adopted by organisations globally and the numbers keep rising. We have seen some fantastic efficiencies through oneNDA from both a client experience and time efficiency perspective for PwC UK and our clients. Driving innovation, automation, and optimisation through standardisation on contracts is core to efficiencies being realised across the industry. We see innovative projects such as oneDPA as a key part of streamlining wider legal and operational processes.”
World Commerce and Contracting has declared its support of the new initiative, and Claustack more broadly, as a place where the legal and contract drafting community can come to collaborate for the purposes of creating better ways of working.
Jerry Levine, General Counsel of ContractPodAi, sees these developments as beneficial news for legal and contractual workflows. “As a leading CLM and legal automation platform, we’re increasingly seeing the need for collaboration and consensus-based standards. We believe that allowing lawyers and allied professionals to rely on standards, along with the technology to verify those standards, while also allowing those same professionals to focus on the key items that affect their business, is an effective, important, and beneficial change for the practice of law.”
Standardisation in this area is set to reduce the enormous amount of time and cost this increasingly complex agreement structure is due to cause over the next few months.
As with oneNDA V2 and oneNDA + M&A, oneDPA document/template will be hosted on Claustack. The collaboration and communication required during the standardisation process for creating oneDPA will now also be run digitally on the Claustack platform for more agility and transparency. Like oneNDA, the project will have a steering committee, but this time, the community will be able to contribute from the get-go. More details on the process will be announced on the platform in early April.
For more information about Claustack:
Claustack or oneNDA:
Name: Electra Japonas
Name: Graham Edwards
Name: Anna Burke
Name: Sally Guyer