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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 Diligen?

Achieve a deep understanding of your contracts by identifying key clauses, generating summaries, and supporting your team’s review workflow with sophisticated machine learning techniques. Diligen is employed worldwide, serving everyone from small legal teams to large Fortune 15 companies, making the contract review process faster, more efficient, and budget-friendly. Its impressive scalability allows for the management of anywhere between 50 and 500,000 contracts effortlessly. From the very first day, users gain access to numerous pre-trained clause models and have the option to swiftly customize Diligen to identify new concepts. The platform features a flexible and intuitive interface that can be adapted to meet your specific needs. When compared to other solutions in the market, it stands out with its exceptional performance. You can assign contracts to team members, foster collaboration, and manage the review process with ease. Moreover, training the system to detect new clauses or ideas is a simple task, and it can generate contract summaries in formats such as Word or Excel automatically. Additionally, contracts can be sorted based on various parameters including name, date, parties involved, or specific clauses, ensuring that a multitude of important clauses are promptly recognized and emphasized for your benefit. This thorough strategy for managing contracts greatly boosts both efficiency and precision, ultimately transforming the way legal teams operate. The time saved through this process allows teams to focus on more strategic tasks, further enhancing their overall productivity.

Media

Media

Integrations Supported

Integrations Supported

Box
Clio
Epiq Discovery
Microsoft Excel
Microsoft Word
NetDocuments

API Availability

API Availability

Pricing Information

$49 per contract review
Free Version

Pricing Information

Pricing not provided

Supported Platforms

SaaS

Supported Platforms

SaaS

Customer Service / Support

Web-Based Support

Customer Service / Support

Standard Support
Web-Based Support

Training Options

Online Training

Training Options

Documentation Hub
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

Diligen

Company Location

Canada

Company Website

www.diligen.com

Categories and Features

AI Contract Review

Not specified

Contract Analysis

Not specified

Categories and Features

AI Contract Review

Not specified

AI Legal

Not specified

Contract Analysis

Not specified

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