Welcome to the contract database blog
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..
Red Hat Customer Agreement: the Good and the Bad
Have you ever found yourself wanting to purchase a good or service that your business needs, but having a moment of panic when you are asked to accept the vendor’s contract terms..
[Video] The Scout Report – Episode 3: How Contracts Impact The Software Sales Process
If you’ve ever been in sales or have purchased business critical software, you know that the contract review process is a friction point and has a significant impact on the..
TermScout Secures $1.25 Million Seed Funding to Grow Legal Tech Offerings and Sales
All of us at TermScout are excited to announce that we’ve closed a $1.25 million funding round – and previous $350,000 convertible note for a combined $1.6 million. The Series..
The Scout Report Video – Episode 1
Summary Otto Hanson, CEO of TermScout, hosts the show with guest Bill Mooz, Executive Director at The Institute for the Future of Law Practice. Otto and Bill discuss best..
TermScout joins Techstars 2020 Accelerator Class in Boulder, CO.
Each year, Techstars selects hundreds of companies to join their three-month mentorship-driven accelerators, investing $120K and providing hands-on mentorship and access to the..
How to review a commercial contract on a budget
U.S. businesses execute millions of contracts each week. Some established businesses have in-house counsel or trusted outside counsel to guide them on these matters, but a..
Flirting With Disaster: The Dangers of Not Reading Business Contracts
We get it. Managers are busy. Reading contracts takes time. After a while, managers may feel all contracts are the same. With so much to do, it is tempting to skip the fine print,..
What is Indemnification? A Beginner's Guide
This article provides an overview of indemnity clauses. Lawyers use these to allocate risks in transactions. Disclaimer: Indemnification provisions are complex. This article is..
TermScout Announces Top 2019 Cloud Service Provider Contract Ratings
Today, TermScout released its first semi-annual Cloud Services Provider Contract Ratings. These ratings represent the overall findings of TermScout’s analysis into the..
The Lawyer’s Daily: Global Legal Hackathon Winners Laud Event for Supporting Innovation
Click here to read the Lawyer’s Daily article about us.