Blockchain developer ConsenSys has partnered with law firm Latham & Watkins to develop a document generator tool called the Automated Convertible Note.

The basic idea is that a startup will be able to use the document generator, which is available free of charge, to create convertible notes with customizable market standard terms. If at some point the leadership behind said startup decides that that they would like to begin distributing digital tokens, the Automated Convertible Note includes provisions for that too.

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