It’s a great idea and certainly one that many bootstrapped startups, freelancers or individuals can use in a pinch.
If you're on a budget or just need something standard you can probably find it at Docracy and save yourself some cash.
If you are comfortable with the language of the contracts and want to bypass the attorney's fees, Docracy has a lot to offer.
A digital warehouse for legal and business documents.
One of the 25 Hot NYC Startups You Need To Watch.