Welcome to the contract database blog
What makes the Best AI contract review software
A Comprehensive Guide to AI in the Legal Industry and its Impact
2023 CRM Contract Favorability Market Report
As the saying goes, you wouldn’t compare apples to oranges, and the same is true when it comes to benchmarking contracts; the gold standard is comparing contracts from service..
Contract Certification: The Future is Frictionless Contracts
What is a contract certification? The background of certifications across industries. Many industries rely heavily on data integrity, information security, and market insights to..
What is the Verified Contract Database?
The legal tech industry has seen a recent movement towards a reliance on technology, automation, and artificial intelligence (AI). After seeing these factors drastically impact..
Introducing the Predict™ Suite and Contract Review Levels
Find the perfect balance between speed, cost, and accuracy. At TermScout, we're all about bringing efficiency and transparency to the contracting process. In addition to the..
What to Look For When Reviewing Third-Party Contracts
Whenever a company goes into business with a third party, it's extremely important to screen the contract to prevent unnecessary risks and exposure that may be hidden in the fine..
Ditch the Consultant: Why Traditional Contract Review Services Are Insufficient
Contract management is risky business — with every contract you get into, you expose your organization to financial, brand, security, or legal risks. Failure to identify,..
Become Your Organization’s Greatest Asset With Contract Review Software
How do you as a legal ops professional measure your own success? What standard do your peers hold you to? Processes that are efficiently coupled with the ability to implement..
Summer 2022 Updates to Ratings: IT Contracts
TermScout periodically reviews contract scoring to ensure that its published favorability ratings on more than 1,000 public IT contracts are as up-to-date and accurate as..
Reducing Risk with First Pass Contract AI Reviews
As the complexity of business-to-business contracts continues to grow, it’s more important than ever for organizations to hone their processes by improving contracting accuracy..
What Is AI Contract Review Software, and Can I Trust it?
Imagine being able to make fully informed decisions each time you sign a new contract or encourage your clients to do the same. In an ideal world, contracts would be clear,..
What’s Market? Protection of Confidential Information
The What’s Market series is an ongoing analysis and breakdown of the various clauses found within software contracts. Each article takes data gathered by TermScout, which uses AI..
Contract Review Checklist - The 19 Crucial Clauses for IT Contracts
Why Contract Review is Important There are only a few guarantees in life: death, taxes, and being bound to the terms of the contracts you signed without reading. It is often the..
What’s Market? Customer’s Indemnification Obligations
The What’s Market series is an ongoing look at and breakdown of the various clauses found within contracts. Each article takes data gathered by TermScout, which uses AI assisted..
What’s Market? Term & Termination
The What’s Market Series is an ongoing project that takes a closer look at contract terms and provisions in vendor, customer and negotiated contracts. We will be using data..
What’s Market? Vendor’s Warranty
The What’s Market Series is an ongoing deep dive into contract terms, with supporting data demonstrating how often such terms are seen in vendor forms, customer forms and..
What’s Market? Vendor’s Indemnification Obligations
The What’s Market series by TermScout provides a deeper understanding of contract terms and provides data regarding how these terms are approached throughout vendor, customer and..
Contract Clause Database - IT Contracts
TermScout reviews and determines a party favorability rating that is based on more than 750 bits of structured data points. These data points also serve as the backbone of the..
What’s Market? A look into Data Breach Notifications
The What’s Market Series What’s Market is a new series that seeks to delve into the multitude of provisions that exist within a contract and identify their importance, as well as..