A Termscout alternative worth considering
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Trusted by Lawyer & Professionals at these companies
3 Key differences that make SpeedLegal a great alternative to TermScout
Find hidden risks in your contracts
TermScout focuses on comparing your contract with publicly available market standards and playbooks (personalization on Enterprise only) to tell you how many clauses are in your favour.
SpeedLegal on the other hand let's you personalize and add your own standards (on every plan) to compare your contract with.
SpeedLegal then helps you get detailed analysis, and spot hidden risks & unfavourable terms based on the standard you uploaded.
Get recommendations to fix unfavourable terms and contract errors
Termscout shows you which terms aren't in your favour, and that's great. But you still need to either be a lawyer, or hire one to make the right changes in your contract.
SpeedLegal makes this easy. Apart from showing risks in your contract, SpeedLegal also gives you tailored suggestions based on your specific contract needs and standard set by you.
You can solve red flags in a single click, add missing criteria back on your contracts, and improve your contract to match your standards, all within the platform itself
Understand complicated contracts with short and simple summaries
SpeedLegal is built for both Lawyers and non-lawyers. So we make sure anyone can understand their contracts in a quick glance.
You get a brief and easy-to-understand overview of what the contract is about, who is accountable for what, and any relevant dates or criteria.
Let’s see a detailed comparison
How does SpeedLegal compare with TermScout?
Watch SpeedLegal in action
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How Twinkly Reduced Their Contract Negotiation Time By 50%
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Frequently Asked Questions
Got questions? We’ve got the answers! If you can’t find what you are looking for, feel free to get in touch.
SpeedLegal is a technological startup that uses Machine Learning technology (specifically Deep Learning, LLMs and genAI) to highlight the terms and the key risks of any contract. We analyze your documents and send you a simplified report so you can make a more informed decision before signing your name on the dotted line.
It is up to you to decide if you’d like to read the entire documents or not. SpeedLegal highlights the important portions of the contracts, meaning you may just skim through the rest.
Yes, for Startup, Growth, and Enterprise users.SpeedLegal uses Deep Learning models (AI) to highlight the key provisions and identify the main risks of a contract. We also offer an additional human check on top of the AI models to give our users more assurance. The human check is currently free (during Beta).
SpeedLegal creates its own Market Standards by analyzing tens of thousands of high-quality contracts and over 1 billion data points to cluster millions of targeted data points. Additionally, we consult with our Committee of Industry experts to fine-tune our standards, taking into account factors such as jurisdictions, contract types, parties involved, and key clauses. We recognize that data biases may exist, so we double-check our Market Standards with legal experts from top law firms and enterprise organizations to avoid any one-sidedness or unwanted biases.
We care about your contracts so we use the highest level of security to store and protect your contracts. Among our security protocols: Encryption SSL Certificate - SHA-256 With RSA Encryption, Firewall - Virtual Private Security groups. We encrypt our user credentials on signup and ensure they are logged in through a secure channel.
At SpeedLegal, we do not provide legal advice. Instead, we serve as a contract reading facilitator and provide statistical inferences to support your decision-making processes. As an Alternative Legal Service Provider (ALSP), our focus is on offering innovative solutions for contract management and contract augmentation, similar to companies in this segment. Our primary goal is to enhance efficiency and streamline your contract negotiation process while working in collaboration with your legal team. Please check our disclaimer.
SpeedLegal works with Common Law and we are adding more Civil Law states. It works with contracts in the USA and we are starting to see contracts also in Europe and Latin America!
SpeedLegal is completely free for individuals (up to 3 contracts) and for underserved communities. Individuals usually sign 3 contracts per year: property rental, employment, and NDA. For more documents and extra features, we recommend having a look at our Startup, Growth, and Enterprise plans.
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