A new Web service, still in beta testing, promises to help users manage contracts throughout their life cycle, from negotiation and execution all the way to dispute resolution. Called Tractis, the site is being developed by a Spanish company Negonation. It provides a library of contract templates that parties to a negotiation can adopt and customize. Controls allow the user to create negotiation groups by inviting others to participate and setting their permission levels for viewing and modifying documents. The site maintains a history of all versions and allows commenting and chats related to each contract. Updates can be monitored through alerts sent via e-mail, RSS and text messaging. Eventually, the service will add online conflict resolution, microinsurance and other services, it says. Learn more by taking the tour, reading the FAQ or following the blog.

Photo of Bob Ambrogi Bob Ambrogi

Bob is a lawyer, veteran legal journalist, and award-winning blogger and podcaster. In 2011, he was named to the inaugural Fastcase 50, honoring “the law’s smartest, most courageous innovators, techies, visionaries and leaders.” Earlier in his career, he was editor-in-chief of several legal publications, including The National Law Journal, and editorial director of ALM’s Litigation Services Division.