Contract Harmonization

One template to rule them all.

There are many ways to write a clause or provision. There are even more ways to assemble these clauses into an an entire agreement or contract. While this combinatoric observation is great for the 1L Contracts professors of the world, it’s the stuff of nightmares after you begin integrating acquisition #17. Contract clutter is a serious problem, and contract consistency is a true virtue.

ContraxSuite and LexNLP are built for contract harmonization projects. ContraxSuite’s built-in clustering can make quick work of organizing your paper into similar groups, matching changes in your historical paper or identifying acquisition/subsidiary patterns. You can slice and dice contracts at the document, section, or clause level, quickly finding outliers, anomalies, and other unique language or terms. When you’re done, you can even use ContraxSuite to help drive and validate convergence in ongoing contracting.

Analytics for Contract Harmonization

From chaos to consistency for your contracts

Search shared drives, mail servers, and cloud services

Integrate with key systems and sources like shared drive, Google Apps, and Microsoft Office 365. Never miss a document again.

CATEGORIZE CONTRACTS

Categorize and cluster your contracts automatically based on their content and metadata. Group by clauses, dates, subsidiaries, and many other factors.

LINK AND RELATE LEGAL MATERIAL

Link and relate contract documents like forms, executed copies, amendments, restated agreements, exhibits, schedules, addenda and statements of work (SOW).

IDENTIFY COMMON LANGUAGE AND TERMS

The first step in contract harmonization is to understand what language you need to keep. Use ContraxSuite to identify the most common clauses and terms.

IDENTIFY EXCEPTION OR OUTLIER AGREEMENTS

There are always unique agreements. Don’t let the exceptions or outliers skew your thinking, but don’t forget that they’re still out there! ContraxSuite can automatically identify the agreements that just don’t fit.

IDENTIFY UNCOMMON OR UNIQUE CLAUSES

Two agreements might be almost identical, differing only in a word like “not” or digit like “0.” ContraxSuite can compare at the clause and term level, identifying uncommon or exception clauses that require further review and analysis.

Learn more about ContraxSuite.

ContraxSuite is full of features and use cases. Make sure you understand how a contract analytics tool like this can can help your organization.