BRUSSELS, BELGIUM - 10/01/2018 (PRDistribution.com)
Want to validate a simple agreement with your smart phone, making it legally binding and secure in third-party storage? Meet the new Lexigogo video-contracting app from Belgian legal-tech company Lexigogo BVBA. The app allows registered users to create video contracts with each other, providing visual proof of agreements without the hassle of making written ones.
Lexigogo is an easy and fast way to video-record agreements. It may be used for any type of agreement or transaction that would benefit from visual proof or quick validation. There are many possible use cases, such as lending money between friends and family, hiring a contractor or freelancer, selling or lending out personal items like a car or dress, confirming the delivery of furniture, and checking in/out a rented or shared flat.
“With Lexigogo, we want to create a major shift in how people make agreements with each other,” says Laurens Theunis, founder & CEO of Lexigogo BVBA. “Just like with online banking, which allows for instant payments, Lexigogo allows its users to create video contracts anytime, anywhere,”
Lexigogo offers multiple user benefits. It: 1) adds visual proof, thus adding context and preventing conflicts or legal battles, 2) does not require pen and paper, nor complex writing or reading skills, 3) offers unchangeable legal evidence and secure, independent cloud storage,4) eliminates the costs, time and “emotional burden” associated with written contracts, 5) creates a video contract “wallet” to store multiple contracts in one location for easy retrieval and review and 6) provides “cloud cover” with online access to video contracts in case of theft or loss of a smart phone.
Lexigogo video contracts are electronic documents with electronic signatures and are therefore legally binding for most personal and business transactions around the world. Each Lexigogo video contract has been developed so that 1) signers can be uniquely identified and linked to their e-signatures, 2) they have access to effective video contracts at any time, and 3) effective contracts cannot be altered or tampered with.
“Given the trends towards managing business via smart phones and communicating with video, Lexigogo has the potential to revolutionize basic contracting,” notes Theunis. “It can bring legal comfort and security to people all over the world.”
Lexigogo is patent pending; Lexigogo BVBA filed an international (PCT) patent application covering the video-contracting technology as well as specific systems and methods.