Contracts for which legal counsel are consulted, usually require a specialty. That one additional provision that was not anticipated in the template: for the transaction with a key supplier, for the one strategic element in a collaboration, or the risky part of supplying a competitor. A clause library integrated in contract automation is your solution.
And then for the legal counsel it is time to draft a clause. Often from scratch (re-invent the wheel). Or to consult colleagues to find a proper example.
A key functionality of the Weagree Wizard is the central, searchable clause library. This central place for reusable contract building blocks reinforces a high quality and consistency of the contract templates. Thanks to a clause library many errors or inconsistencies are avoided.
A clause library integrated in contract automation empowers legal counsel with direct access: (a) for exceptional cases not covered by the contract template, and (b) for tailoring mark-up clauses in a contract received from the other party:
Thanks to the centralised and integrated nature of Weagree’s integrated clause library functionality, contract-maintenance work is minimised: updating a clause-library clause immediately applies to all templates in which that clause is used.
Sometimes, you receive or negotiate a clause that is perfectly fit for reuse in future transactions. From Weagree’s AI-contract review screen, the negotiation tool or Weagree CLM, adding such clause to your clause library (‘borrowing’ a clause, respecting copyrights) takes only a few mouse-clicks. Of course, your template committee or the admin is your gatekeeper and will take care of consistency. House-style formatting is largely automated.
Building your clause library in Weagree is super easy. Watch it yourself:
