National Fine Print Repository to be a CliffsNotes for contracts - latimes.com
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.
Hirsch said about 20 people are reading and summarizing contracts for the database — a job that must be among the most thankless in the tech world. Their explanations will be written so they can be understood by anyone with a ninth-grade reading level.
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.
What a great idea. We have become a fine print society. As Tom Waits says (at about 5:06 in this video) in his song "Step Right Up,"..."The large print giveth, and the small print taketh away."
Thanks to Fred Pilot for the link.