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API
Contract solutions for enterprise and CLMs.

AI that understands what matters in contracts.

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Convert contracts into hundreds of structured data points.

What can TermScout’s API deliver?

Answers

TermScout's core strength is understanding the specific rights and obligations contained in a contract. Predicted answers to more than 100 pre-defined and carefully trained questions with 85-99%* accuracy. Always supported by confidence levels and citations to source language.

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Example of how answer data can be used to power software applications.

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Example of how ratings data can be used to power software applications.

Ratings

Ratings predictions are highly correlated with TermScout’s well-respected Verified™ ratings. Favorability ratings can be used to power a number of unique application experiences, including competitive analyses, benchmarking, and any other use cases that can benefit from sorting contracts based on party favorability.

Market Data

Showing how a given contract clause compares to various relevant market standards.

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Example of how market data can be used to power software applications.

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Example of how red flag data can be used to power software applications.

Red Flags

A rank-ordered list of potential red flags based on the perspective of the user of the contract.

Sales Assist + Procure Assist

The complete Predict™ Suite of pre-signature contract screening products designed to help users estimate the level of negotiating effort that would be required to work off of a specific third-party contract. Scheduled for public launch January, 2023.
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Step One | Upload

To begin, users upload a supported contract type.
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Step Two | AI Review

TermScout's AI models predict answers to substantive questions.
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Step Three | Request

Once the contract's prediction status is complete, users make requests for all predicted data for the contract.
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Step Four | Leverage

Data payloads can be used in a variety of applications.
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How does it work?

Our AI API process is simple.

Featured use cases.

Just some of the things you can do with TermScout’s APIs.

Complete assignment analysis capability for M&A transactions with 93% accuracy* showing which contracts:

  1. Are assignable in an M&A or corporate reorg transaction
  2. Require consent to assign in an M&A or corporate reorg transaction 
  3. Require notification to assign in an M&A or corporate reorg transaction
Limit of liability analysis with 94% accuracy* showing which contracts:
  1. Have no limits on the customer’s or vendor’s liability
  2. Have no exceptions to the limits on the customer’s or vendor’s liability
  3. Have no indemnity obligations offered by the customer or vendor
Confidential Information analysis with 96% accuracy* showing which contracts:
  1. Require the vendor to protect the customer’s confidential information
  2. Require the customer to protect the vendor’s confidential information
Who can leverage our API?

Flexible and scalable.

Software Providers

Whether you’re a CLM, procurement platform, or document storage service, TermScout’s API enables your customers to unlock powerful data about their contracts:

  • Strengthen the repository function with answers to more than 100 substantive questions about the rights and obligations in your customer’s contracts
  • Use the assignment review to offer M&A readiness analysis
  • Use the Predict Suite to supercharge pre-signature contract screening
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Large Legal Teams

Unlock powerful data across your corpus of contracts to understand:


  • Where your riskiest relationships are
  • How ready you are for M&A, and which contracts may cause you problems at acquisition
  • How your team negotiates on key topics
  • Whether or not to sign or renew a contract
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Backed by the Verified™ database.

How does TermScout’s AI compare to other options?

  TermScout AI Standard AI
Perspective orientation Contract questions, ratings, and red flags orient around the perspective of the user in the specific contract (i.e., they change depending on whether the user is the vendor or customer) Perspective blind or agnostic (i.e. reviews/ratings/results do not change based on the perspective of the user)
Contract-type orientation Built around specific contract types in order to know what matters for that type, including what should and should not be present  Capabilities often built without regard to contract type; more limited, less accurate results on contract types covered by TermScout
Substantive question-answering 85-99% accuracy* on 100+ pre-defined substantive questions about the rights and obligations of each party; includes detection of both the presence and absence of clauses Generally lower accuracy on a broader range of questions without the ability to query rights and obligations of a specific party
Contract favorability rating For IT contracts and services agreements, ratings predictions are highly correlated with TermScout’s Verified contract reviews and widely accepted by users A variety of risk rating algorithms attempted, none widely accepted
Confidence transparency Predictions accompanied by confidence estimates helping users identify the highest risk predictions Mixed. Some tools provide indications of prediction confidence, many do not
Entity extraction More focused on identifying rights and obligations than extracting entities; not built for renewal dates or pricing info Typically more focused on things like renewal dates, pricing info, etc.

 

Eager to explore our business solutions?

Contact our client solutions team today.

Everyone says their contracts are great, now you can prove it with third-party validation. Certified Contracts can Reduce Negotiations by up to 30%.

Automation
Automox
IBM
ContractPodAI
Freshworks
Micro Focus
Avaya
Qualtrics
Net App
Coupa

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*Footnote

TermScout’s published AI performance is based on a point-in-time analysis that was performed in November 2022. The analysis is based on a holdout set of randomly selected contracts that span multiple contract types relevant to TermScout’s products, including but not limited to IT Agreements, NDAs and Services Agreements. TermScout uses F1 score as the primary metric for model accuracy. Any references to AI or model accuracy are F1 scores unless otherwise specified. TermScout’s AI models are regularly retrained. As the training data set changes to include a more diverse set of contracts and legal subject matter, accuracy may vary.