EXACTLY. I have high hopes for EOS.
If we can have standard legalzoom-style contracts that we can choose from, boiler-plate, then there is no need for lawyers for that stuff anymore. Even the arbitration can be paid for by the chain. Then, if someone's pay is due or something, like mine, I get paid by the chain automatically without having to worry about some kid running off with the money. The smart-contract just replaces his ass.