A counterparty’s contract may contain clauses that you find useful for your own contracts. We have enabled Weagree users to easily borrow such clauses. Upon importing a document. Weagree’s AI-driven automated contract review tooling – as before – creates a contract outline with contract building blocks and subclauses. The user can then select such building block or subclause and click the Borrow clause button. Users with admin rights can then review the clause proposed by the users and add it to the clause library with a single click. Build your contract know-how in no time, with minimum effort.
Call it what you want: it may as well be a clause negotiated and co-authored with the lawyer of the other party. Tongue in cheek, we like to call it ‘clause stealing’.
