SpeedLegal saves 720 hours to businesses yearly, reduces risk by 98%, saving thousands
As a contract manager and legal ops team
I need to extract renewal dates, terminations, notice periods and the mechanics for doing so without bothering the internal counsel or the external law firm
- Contract review turnaround needs to be fast, ideally within 48 hours
- I spend 5.5 hours daily reading and reviewing legal docs and it takes 3+ days to request and collect the necessary information
- I currently use spreadsheets, Word docs with matching criteria and unorganized file storage systems
- During the legal review, the document needs to be seen and reviewed by 14 different people
As a general counsel
I need to speed-up the legal due diligence process without making any mistake while still doing line by line contract review. My internal clients expect answers in a few hours
- Establishing the risks of the terms and finalizing the reports to present the data to the top management is very time consuming
- Finding change of controls, liquidation events, indemnity, liabilities, warranties and building commentary for the future
- Reviewing the terms that I see over and over, redlining and talking about the same things several times
- Finding the correct contract in the database based on the clause, specific verbiage and keywords is very time consuming
for Contract Managers, /Legal Ops and General Counsels
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Contractual Obligations: A Comprehensive Guide for Businesses
Contractual obligations are the promises each party agrees to in a contract—think payments, deliveries, or confidentiality. These commitments build trust and prevent disputes. For example, in a construction deal, you'd promise payment, while the contractor ensures quality work. Common Types of Obligations include delivery terms, payment schedules, quality benchmarks, penalties for breaches, and confidentiality clauses. If you can’t meet an obligation, review your contract, talk to the other party, and seek legal advice before panicking. Handling contracts manually is risky—missed deadlines, poor version control, and security issues are common. A contract management platform, like SpeedLegal, centralizes everything, automates reminders, and enhances collaboration. It’s smarter, faster, and error-free. Why struggle when SpeedLegal simplifies the entire process? 🚀
How to Protect Your Startup’s Ideas with an NDA
Protect Your Startup’s Ideas with an NDA Got a brilliant idea? Don’t let it get stolen. NDAs (Non-Disclosure Agreements) are essential for startups to secure confidential information when working with freelancers, partners, or investors. Why Use NDAs? Prevent Theft: Protect your ideas from misuse.
Build Trust: Show professionalism.
Collaborate Freely: Share without fear.
When to Use NDAs: Partnering with freelancers or agencies.
Hiring employees or outsourcing work.
Pro Tip: Skip generic templates. Define terms clearly and consult a legal expert. Your ideas deserve protection. Ready to secure them? Check out SpeedLegal for hassle-free NDAs!
Balancing Precision: Humans vs. AI in Contract Law
AI is reshaping contract review in the legal industry, boasting higher accuracy and speed compared to human analysis, while still facing challenges with context and nuanced interpretations. This blog compares the strengths and limitations of both approaches, illustrating how tools like Speedlegal's AI empower users to grasp complex contract provisions efficiently.
Avoid the Unknowns
Our automated risk analysis will save precious time and help you understand the key provisions and the risks of any legal document.
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