ContractIQ VS ContractWorks

ContractIQ Pricing

ContractWorks Pricing

ContractIQ

• Dynamic Template Selection: Automatically adapts contracts to specific industry requirements
• Real-time Editing Suite: Intuitive tools for immediate contract modifications
• Comprehensive Knowledge Base: Trained on Wikipedia, books, and internet resources
• Seamless Export Options: Multiple format support including PDF and Word documents
• Guided Creation Process: Three-step simplified contract drafting workflow

ContractWorks

• Centralized Contract Repository: Secure single location for storing and organizing contracts.
• AI-Powered Search & OCR: Rapidly locate contracts, clauses, and terms using artificial intelligence.
• GPT-3 Clause Creation: Generate new contract clauses and simplify complex legal language with GPT-3 AI.
• Dynamic Drafting Templates: Create any type of contract in minutes via interactive templates.
• Collaborative 2-Way Editor: Redline and edit contracts with compatibility for MS Word.
• Automated Approval Workflows: Streamline and accelerate contract reviews and approvals.
• Built-in Electronic Signatures: Legally sign and manage agreements from anywhere.
• Customizable Reports & Alerts: Schedule reports and receive notifications on key dates and milestones.
• Permission-Based User Roles: Control access and visibility with role-based permissions.
• 24/7 Support: Around-the-clock customer support for all users.

ContractIQ Use Cases

• Creating service agreements
• Drafting NDAs
• Preparing lease agreements
• Generating customized business contracts
• Managing legal document templates

ContractWorks Use Cases

• Automating contract drafting and approval for legal teams.
• Managing contract renewals and compliance in healthcare organizations.
• Streamlining vendor agreement workflows for procurement managers.
• Centralizing sales agreements and accelerating deal closures.
• Enabling collaborative contract negotiations with internal and external stakeholders.
• Improving audit readiness with secure, permission-based contract access.

ContractIQ FAQs

• How long does it typically take to create a contract?

  On average, users spend 2 minutes and 37 seconds to draft and export a contract using ContractIQ.
• What types of contracts can I create?

  You can create various types of contracts including service agreements, NDAs, lease agreements, and other business contracts.
• What file formats are available for export?

  ContractIQ supports multiple export formats including PDF and Word documents.

ContractWorks FAQs

• What happens after the trial account expires?

  After the trial period, the account automatically converts to a paid standard license, with all contracts, tags, alerts, and user data preserved for a seamless transition.
• Can ContractWorks be accessed by clients outside the US?

  Yes, ContractWorks can be accessed globally and payments from international clients are supported.
• How are electronic signature licenses managed?

  Each plan includes a set number of electronic signature licenses, with additional packs available for purchase; only users with a license can send documents for signing, while all recipients can sign for free.
• Is there a dedicated onboarding process?

  Yes, template automation and onboarding are included in the paid implementation process, with the ContractWorks team integrating workflow and document patterns for new customers.
• What support is provided to customers?

  ContractWorks offers 24/7 customer support to assist users with setup, training, and any ongoing platform needs.

Uptime Monitor

Uptime Monitor