LexCheck VS ContractWorks

LexCheck Pricing

ContractWorks Pricing

LexCheck

• Instant Insights: Provides transparent and comprehensive insights about why contract language is potentially problematic and requires attention.
• Accurate Redlines: Effortlessly applies preferred language with a redlining feature to address problematic terms highlighted by instant insights.
• Rapid Implementation: Allows new playbooks to be implemented in minutes by uploading a template, automatically capturing preferred positions.
• Risk Minimization: Utilizes time-tested, well-established, and highly secure AI technology to ensure project success and reduce contractual risk.
• Integrated Workflows: Operates directly within Microsoft Word, enabling users to keep their work in one place and update playbooks or add fallback language seamlessly.

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.

LexCheck Use Cases

• Accelerating deal-making processes through faster contract turnaround.
• Optimizing contract negotiation workflows for legal and sales teams.
• Reducing time and resources spent on manual contract review and redlining.
• Ensuring contract compliance with company playbooks and preferred legal language.
• Minimizing legal risks by identifying problematic clauses and suggesting approved alternatives.
• Facilitating smoother and more efficient contract negotiations between parties.

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.

LexCheck FAQs

• How does LexCheck ensure accuracy in contract review?

  LexCheck uses its LLM-powered AI to provide accurate redlines and instant, transparent insights into why contract language is problematic, based on your pre-defined playbooks and preferred positions.
• How quickly can LexCheck be implemented?

  LexCheck offers rapid implementation. You can implement your new playbook in minutes by simply uploading your template, and your preferred positions are automatically captured.
• Does LexCheck integrate with other software?

  Yes, LexCheck integrates directly within Microsoft Word, allowing users to keep their work and workflows in one place.
• What kind of AI technology does LexCheck use?

  LexCheck is built using the latest advancements in AI technology, specifically as an LLM-powered contract review software.
• How does LexCheck help reduce risk and costs?

  LexCheck helps minimize risk by using secure and well-established AI to identify problematic terms and ensure compliance. It also reports a reduction in legal costs per contract review by significantly speeding up the review process.

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