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What is TermScout?

TermScout utilizes an innovative hybrid model that fuses artificial intelligence with legal acumen to conduct contract reviews with a remarkable accuracy rate exceeding 99%. This exceptional level of precision outstrips the capabilities of both AI and legal professionals when functioning in isolation. The collaboration between advanced technology and legal expertise serves as a prime example of effective partnership. Our main emphasis is on contracts pertaining to the procurement or licensing of IT services, which encompasses software, cloud solutions, hardware, professional services, independent contractor agreements, and non-disclosure agreements. We are actively broadening the spectrum of contract types included in our review services. Through a data-driven methodology, we deliver a crucial "gut check" for various categories, enabling you to refine your software contracts for the best possible results. This alignment with your business associates guarantees that your contractual goals are achieved with precision. The valuable insights we provide empower you with vital information necessary for making key decisions, thus allowing you to save time and accelerate the approval of contracts that receive high ratings. In the rapidly evolving business landscape, utilizing our services can offer you a substantial advantage over your competitors, ensuring that you stay ahead in your industry. Furthermore, this approach not only streamlines your operations but also enhances the overall quality of your agreements.

What is ContractKen?

ContractKen serves as an AI assistant designed specifically for the review and drafting of contracts, aiming to enhance the capabilities of legal professionals with the aid of artificial intelligence. Our core offering integrates seamlessly within Microsoft Word, empowering lawyers through advanced AI functionalities, a user-friendly interface, and meticulously crafted playbooks. The review module assists users in pinpointing potential risks, locating pertinent text, providing clarifications, and suggesting redline edits. The playbook module allows users to measure their drafts against internal checklists or playbooks, identifying terms and clauses that align with or diverge from established standards while facilitating quick redline adjustments. Users can generate a comprehensive report in just minutes. With precedent-based drafting, practitioners can choose relevant precedents, input instructions manually or through a term sheet, and utilize AI to produce initial drafts, significantly cutting the time to first draft by up to 80%. Additionally, our formatting module aids users in recognizing and addressing common errors or oversights related to defined terms, clause references, monetary figures, dates, and tasks, ensuring a thorough and polished contract. This integration of AI tools not only streamlines the drafting process but also enhances the overall quality of legal documents.

Media

Media

Integrations Supported

Microsoft Word

Integrations Supported

Microsoft Word

API Availability

Has API

API Availability

Has API

Pricing Information

$49 per contract review
Free Trial Offered?
Free Version

Pricing Information

Pricing not provided.
Free Trial Offered?
Free Version

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Company Facts

Organization Name

TermScout

Date Founded

2018

Company Location

United States

Company Website

termscout.com

Company Facts

Organization Name

ContractKen

Date Founded

2021

Company Location

United States

Company Website

www.contractken.com

Categories and Features

Categories and Features

Contract Management

Buy Side (Suppliers)
Completion Tracking
Compliance Tracking
Contract Lifecycle Management
Electronic Signature
Full Text Search
Government Contracts
Pre-built Templates
Sell Side (Customers)
Specialty Contracts
Version Control
Workflow Management

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