The rise of automation in contracts has created a huge market for smart tools and platforms that streamline, track, and expedite your agreements. If you’re a contract management software provider, you can incorporate our principles into your products. Below are some examples of initiatives we’ve worked with where this can been successful.
theContract.app
theContract.App collects information about your non-disclosure agreement (NDA) through an e-form to create a fully negotiated and executed document.
Using our Contracting Principles, or your company policies as a guide, the app uses artificial intelligence to automatically generate a contract. Other features of the app allow parties to align their terms prior to any contract being drafted, which drastically cuts down negotiation time.
Each phase of the process is verified by the app’s team of lawyers through AI-assisted human review. By the end, you’ll have a collaboratively built document for a fraction of the time and cost of traditional methods.
Simplifire
The Simplifire app allows you to evaluate changes to a contract throughout your negotiations.
The tool measures the time and amount of revisions made to the original terms to help people review changes.
It provides a library of clauses that are inspired by our Contracting Principles, which can be incorporated into your contracts with a single click.
Contract Standards
In partnership with Contract Standards, we’re using mass data analytics to transform the field of contracting through a Conformed Clause Standard.
These standards draw from our research, the Contracting Principles and our Contract Design Pattern Library to reflect and refine emerging practices.
In this context, the Principles can guide you to implement collaboration, fairness, and balance in your contracting processes.