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They seem to have made a business out of negotiating on both buy and sell side. Had Ontra on both sides of the NDA just pointlessly going back and forth on worthless redlines
They are cheaper than a traditional law firm, but still pretty expensive compared to their competitors. there a lot of companies now that process NDAs for you. my firm switched from ontra to contrackedsolutions.com as it was much cheaper
Coach
Everyone has heard of Ontra and every PE uses it or their competitor.
Its awful and markup on NDAs are always severe (pointlessly) with redline changes.
Yep agree with this. Pain in the ass but legit and tons of PE firms use them because it’s so much cheaper than having K&E et al review NDA markups
Coach
It also isn’t efficient for sell side because they’re making comments back on multiple different redlines from different buyers.
It works on the buy side as VP1 says because buyer’s counsel is reviewing against the buyers requirements and the NDA in front of them.
Thanks for your perspective. Sounds like a legit solution.