Check out this post by @ronfriedmann. It’s entitled “The Future of Contract Management.” As Ron notes, the most ambitious software, know as contract lifecycle management (CLM) software, aims to offer “end to end contract management, from drafting and negotiating, to signing and execution, to managing rights and obligations.” There’s also software that aims to tackle one or more aspects of … Read More
Today seems to be a day for being reminded of basic notions. Yesterday’s Dilbert strip (here) and today’s (here) are on the topic of robots coming up with contract language. You won’t be shocked to hear that the Dilbert view of this isn’t favorable. Well, neither is mine. In this 2011 post I explain that when it comes to compiling clear … Read More
In this post I reminded you all that I’m involved with LexCheck, the contract-checking software. Part of the challenge in developing LexCheck has been determining what we tell the software to do. For one thing, I’m acutely aware that there’s a difference between your electing to consult A Manual of Style for Contract Drafting and my blog posts and my … Read More
[Updated 4 April 2018: I’m no longer an advisor to LexCheck (formerly Lit IQ), and the last time I did any work for them was in 2016.] You know the 1950s movie Forbidden Planet. No? You should check it out—it’s an odd mix of retro camp and legit eeriness. In any event, the plot of the movie involves—spoiler alert!—technology that’s … Read More
When it comes to my computing needs, what’s most distinctive isn’t that I write stuff, or that I have websites and a blog, or that I record the occasional webinar. Instead, it’s that I roam the world giving PowerPoint presentations as part of my “Drafting Clearer Contracts” seminars, with my presentations featuring extracts of contract text on which I scribble … Read More
[Updated 4 April 2018: I’m no longer an advisor to LexCheck (formerly Lit IQ), and the last time I did any work for them was in 2016.] At LegalTech West on Tuesday, July 14, during the session starting 1:30 p.m. PDT entitled “Legal Disruption Lightning Round Two,” Gurinder Sangha will make a five-minute presentation about Lit IQ. Let me tell … Read More
A couple of days ago I saw this @ronfriedmann tweet: .@LexPredict Agreement Database offers 400k groomed contracts http://t.co/D8WRnuemsa Interesting R&D + practical transaction resource — ronfriedmann (@ronfriedmann) June 30, 2015 So LexPredict enters the we’ve-got-lots-of-contracts space. Ron will of course guess my reaction, which is … lack of excitement. Yes, there are loads of contracts out there. Yes, we can … Read More
Last week I noticed this post on Dewey B Strategic about Bloomberg BNA’s new product “Bloomberg Law: Corporate Transactions. (Gotta love the colon, which gives it an action-movie-sequel vibe.) For Bloomberg BNA’s own announcement, go here. Above is part of a post on Contract-Automation Clearinghouse. To see the rest, go here. Contract-Automation Clearinghouse is where I now put my posts on contract automation … Read More
Years ago a wrote briefly about contract-lifecycle-management (CLM) software, which is software that allows an organization to keep track of its contracts and key contract information, such as deadlines. See for example this 2007 post. Apttus and Emptoris are just two examples of CLM software. But I’ve never had any direct experience with CLM software, and I’ve had only brief conversations … Read More
In this 2013 post I wrote about LawInsider.com, a searchable database of the SEC’s EDGAR system. I followed that with an update in this July 2014 post. In each case, the guy behind LawInsider.com, Preston Clark, chimed in with comments. Well, Preston recently let me know that a “clause search” function has been added to LawInsider.com. Preston describes it in … Read More
