I take the stand with me to all my guitar lessons - its easy and fast to set up and take down.
It holds the papers without any problems.
Its not super sturdy, but I can still put my iPad on the stand without any problems.
Check the manual that comes with it, as the realease buttom works in a "special" way - Nothing difficult, you just need to know, so you dont use force on the stand.
The best part is that this stand comes with a very handy, little bag to transport and store it in.