From a Column in the LA Times by David Lazarus:
The database, to be unveiled in the coming months by Internet entrepreneur David Hirsch, will provide a resource for people to get clear explanations of all that legal gobbledygook loaded in contracts for cellphones, credit cards and other products or services.
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Think of the National Fine Print Repository as a sort of CliffsNotes for contracts. Users will run a search for whatever company they’re doing business with. If the contract is in the database, an easy-to-understand summary of key provisions will pop up.
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The database already contains about 2,000 contracts for banks, credit card issuers, cellphone companies and retirement accounts, Hirsch said. In the future, the scope of industries will include mortgage lenders, insurance providers, travel companies and software makers.
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