Complex Documents - Contracts
A SaaS Technology Platform that uses the lens of AI/ML guided by
a risk framework developed by experts to evaluate Legal Risks embedded in contracts
Contract Lens alerts you if you are not
contractually protected from emerging risks
Governing Law
Which contracts are governed by laws in jurisdictions where the law creates a risk for your company
Expiration or Renewal Date
Which contracts are approaching expiration or renewal so that contract can be updated with appropriate language to mitigate risks
Use or Sale of Data
Which contracts include a limitation on the use or sale of shared data, including personal identifiable information
New Risks
Which contracts are exposed to emerging or new risks
Insurance
Which contracts require you to provide insurance for another party and the limits and types of coverages required
Indemnification
Which contracts require your company to indemnify another party
A powerful approach to
managing contract legal risk
Liability Transfer
Provisions in contract that limit or shift liability from one party to another
Data Privacy
Provisions in contract that address use, sale, sharing and protection of data
Restrictions & Limitations
Provisions in contract that could impact business operations
Intellectual Property
Provisions in contract that address the use, transfer, ownership or sale of IP
Value Proposition
We estimate that an average contract takes 2 hours or $250 – $350 to review
01
Reduced expenses
Efficiency gains; Teams more quickly focus on provisions that matter
02
Improved outcomes
Reduced contract risks; Monitor contract risk trends; Focus on mitigation/ prevention
03
Better operations
Monitor in-progress & in-force approaching expiration or renewal
04
Faster deal making
Reduce lag from business decision to contract execution
Why ContractLens?
Single provision in a contract can result in substantial financial exposure
In 2013, Facebook was not able to detect a violation of its contract with Cambridge Analytica, and the resulting publicity significantly damaged its stock value, eliminating 150 billion dollars of market value within 90 minutes of the earnings call.
Contract provisions need to safeguard against new forms of risks
Structural technology advancements and emerging business models, such as cyber, metaverse and cryptocurrency will continue to create new areas of risks. As we learn how these risks manifest, we expect to see increased litigation from data security breaches and cyber threats.
Our Team: Insurance + Deep Tech 100+ years of experience
