A counterparty’s contract may contain clauses that you find useful for your own contracts. We enabled Weagree users to ‘borrow’ such clauses (clause stealing). 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, 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. We like to call it clause stealing.