Thanks to all the teams for their thoughtful submissions to the 2023 Future of Contract Design Derby!
After extensive review of all 28 submissions, we are excited to award prizes to the following three teams.
Each student on the below teams wins a $250 cash prize.
Additional information about other ideas submitted are shared in this publication (PDF).
Read more about the 2023 Derby in this news article from Duke Law.
Best B2B Solution
By Team “Bickers & Bickers PLLC” from University of Oklahoma School of Law
- Mary Bishop, Class of 2024
- Michaela Hansen, Class of 2023
- Keaton Mayfield, Class of 2023
- Jordan Stahl, Class of 2024
The Automated Notice Portal
Given the extensive benefits of automation for businesses, automating the notice process is likely to show similar benefits between parties to a contract.
Comment from the judges: “A centralized platform for parties for notices would be a new business model that doesn’t exist today — go for it!”
Best B2C Solution
By “Team Three: D’OH, NOTIFY ME” at North Carolina Central University School of Law
- Denell Dixon, Class of 2024
- Terri Harris, Class of 2023
- Phoebe Ogunwobi, Class of 2024
- Kearra Richardson, Class of 2023
D’OH, NOTIFY ME
The idea of D’OH, NOTIFY ME is to put the
consumer first. Many people select “I agree” or “Accept” on terms because they would rather not read what they cannot understand. Here, our concept makes notice easier to understand for the everyday person. D’OH, NOTIFY ME follows a regular user in navigating the complexities of reading a notice.
Comment from the judges: “The team did well to frame their notice challenge in the consumer space and provided for incentives for businesses to participate and fund the enterprise.”
Best Sector-Specific Solution
By Team “Notify∀” (pronounced “Notify All”) from Duke University School of Law
- Molly Diamondstein, Class of 2023
- Marissa Shirdez, Class of 2023
- Jacob Stotser, Class of 2023
An Overview
With the advent of Notify∀, a smart contract management system, landlords will more easily manage the hundreds and thousands of notice provisions within leases. Landlords can quickly receive notice from tenants and send notice to tenants. Tenants will be able to send notice and will receive reminders when they may be obligated to give notice for any number of issues.
Comment from the judges: “Great solution to a real problem that is narrow (“only” real-estate leases), but wide ranging (many, many renters)! Also, the real estate industry is notoriously entrenched and not using technology that could really provide value to all. Very practical and very useful!”