What is the Public Contract Database?

The legal tech industry has entered a new phase, driven by automation, artificial intelligence (AI), and a growing need for structured data. While these forces have transformed other fast-moving industries, their impact on legal tech has been uneven. Many contract platforms, especially those rooted in legacy workflows like CLMs and early-stage AI tools, have struggled to unlock the true value of contracts due to one central issue: unstructured language.

Contracts are dense, nuanced, and highly variable. Without structured data, building scalable, high-accuracy solutions is next to impossible. That’s where TermScout takes a different path.

TermScout exists to bring clarity, trust, and speed to the contracting process by converting contract language into structured, benchmarkable data. At the heart of this effort is our Verified™ Contract Database — a living, expanding dataset designed to empower legal, procurement, and sales teams with the insights they need to make confident decisions

What is a contract database?

In order to understand the Verified™ Contract Database, we must first understand what a database is. A database is an organized collection of structured data, electronically stored either locally or in the cloud. A database is typically controlled by a database management system (DBMS). In our case, a contract database is an organized collection of contract data points categorized and stored on the TermScout platform in order to provide robust and critical market data to both vendors and buyers. At a granular level, the Verified™ Contract database can be viewed as a contract clause database, where contract language is structured, reviewed and analyzed both at a macro and clause-by-clause level.

What does it mean to be Verified™?

Our platform offers two levels of contract analysis: Predicted™ and Verified™. Verified™ means the data has been processed by both TermScout’s proprietary AI and a human expert, ensuring up to 99% accuracy against market standards. This dual-layer approach powers the reliability of our database, helping users surface deviations, benchmark against standards, and gain measurable contract insights.

Why did TermScout build the Verified™ Contract Database?

When building an artificial intelligence platform with the promise of analyzing complex contract language without a robust dataset backed by contract experts, you’ll be lucky to achieve modest accuracy levels. In addition, like we’ve seen with many early AI contract review tools, you’ll likely fail to reach mass market adoption due to mistrust and perceived opportunity cost of adopting a new technology and workflow within legal, procurement, and/or sales teams. With this premise in mind, TermScout has remained un-wavered in our commitment to 99% accuracy and truly solving the efficiency gap in the contract review process. We knew that our market data had to be plentiful and Verified™ by contract experts.

Is the Verified™ Contract Database public or private?

The Verified™ Contract Database is a public repository of contractual language that has been converted into data points. All free and paid TermScout users have unlimited access to explore thousands of contracts and contract clauses within our database. In addition, users have the ability to privately upload any contract for a Verified™ review. With any private upload, users have the choice of whether they’d prefer their contract remain private (only visible to select members of their organization), or public (available for the entire TermScout community to review, benchmark, compare, and gain insights from). You can learn more about private uploads and how companies like Microfocus, Techstars and Travelers Insurance maximize efficiency and compliance by leveraging human-backed first pass reviews with 99% accuracy here.

Conclusion

The Verified™ Contract Database is the backbone of TermScout’s contract intelligence platform. We believe in a world where contracts don’t create confusion, delay, or distrust — but instead enable fast, fair, and transparent decisions.

With access to the world’s most structured and verified contract dataset, TermScout users unlock market benchmarks, spot hidden risks, and cut onboarding and decision cycles with confidence.

Contract intelligence starts here.