TermScout vs Legartis Detailed comparison features, price

TermScout

TermScout is a pioneering contract analysis platform that combines AI technology with the world's largest database of anonymized and aggregated negotiated contracts. The platform provides instant AI-powered contract reviews backed by comprehensive market data, enabling businesses to make informed decisions quickly and efficiently.

The platform features three core components: Contract Market Data for exploring thousands of contract clauses, AI Contract Reviews for rapid analysis, and Contract Certification (Certify™) for third-party validation. With a minimum AI accuracy of 85% and the option to achieve 99% through verification, TermScout is trusted by thousands of companies and law firms worldwide, processing over twenty thousand contract reviews monthly.

Legartis

Legartis offers an advanced Artificial Intelligence solution designed for automated contract review and comprehensive legal analytics. It assists legal, sales, and procurement teams by streamlining contract workflows and identifying potential risks. The platform operates effectively in German, English, and French, functioning independently as either a Microsoft Word add-in or a web application. Leveraging a combination of proprietary, pre-trained AI developed over seven years and Large Language Models (LLMs), Legartis ensures high accuracy, consistently achieving over 90% precision in its analyses.

The tool significantly boosts productivity by accelerating the contract review process by over 85% through highly customizable automation features like Legartis Prompts. Beyond review, Legartis facilitates the extraction of relevant data from active contracts, providing actionable insights into key performance indicators. It comes equipped with over 160 pre-trained clauses, enabling immediate analysis of various contract types, whether dealing with single documents or thousands. All contract data is processed securely on GDPR-compliant servers located in Switzerland, and an Open API allows for seamless integration with existing Contract Lifecycle Management (CLM) systems.

Pricing

TermScout Pricing

Freemium

From $129

TermScout offers Freemium pricing with plans starting from $129 per month .

Legartis Pricing

Contact for Pricing

Legartis offers Contact for Pricing pricing .

Features

TermScout

AI Contract Reviews: Instant analysis with 85%+ accuracy
Contract Market Database: Access to thousands of anonymized contracts
Certify™: Third-party contract validation system
Contract Benchmarking: Clause-by-clause comparison with competitors
Term Sheets: Automated contract summary generation
Rare Clause Radar: Identification of unusual contract terms

Legartis

AI Contract Review: Accelerates contract review using pre-trained AI and LLMs.
AI Legal Analytics: Extracts relevant data and provides insights from active contracts.
Multi-language Support: Operates in German, English, and French.
High Accuracy: Achieves over 90% accuracy through multi-stage quality assurance.
Platform Integration: Available as a Word add-in and web app.
Customizable Automation: Uses Legartis Prompts for tailored automation levels.
Pre-trained Clauses: Comes with 160+ pre-trained clauses for immediate analysis.
Open API: Allows integration with CLM systems for data synchronization.
GDPR Compliant: Processes data on servers in Switzerland.

Use Cases

TermScout Use Cases

Accelerating B2B sales contract negotiations
Validating vendor terms and conditions
Analyzing competitor contract terms
Streamlining legal review processes
Creating standardized contract playbooks
Benchmarking contract terms against industry standards

Legartis Use Cases

Automating routine contract reviews for legal teams.
Accelerating sales contract processing and ensuring compliance.
Improving efficiency in procurement contract analysis.
Performing large-scale analysis of active contracts for risk assessment.
Reviewing specific contract types like DPAs and NDAs quickly.
Extracting key metadata from contracts for CLM systems.

FAQs

TermScout FAQs

How long does an AI contract review take?

The average AI review takes 5-7 minutes, with a maximum of 10 minutes depending on the document's length and complexity.
Can I add additional Scout Seats?

Yes, each additional Scout seat costs $49 per month.
Can I cancel any time?

Yes, monthly subscribers can cancel their subscription at any time with a hassle-free cancellation process.

Legartis FAQs

What does automated contract review mean?

Automated contract review means that certain contract review processes are automated. This includes pointing out faulty, missing or incomplete clauses with the help of AI. Certain work steps are carried out manually by the reviewer, others are taken over by AI.
How does Legartis’ AI work?

Our team of legal experts trains Legartis’ AI on different clause types and legal concepts. It therefore arrives pre-trained and able to analyse your contracts from day one of use.
What languages does Legartis’ AI speak?

Legartis understands and performs at a high level in these languages: German, English and French. Other languages can be trained on demand.
How accurate is Legartis' AI?

Our legal engineering team works with test sets and only releases checkpoints when the AI achieves an accuracy of over 90%. For you, this means that with Legartis AI you receive very high and consistent AI quality from day 1.
Can Legartis be integrated with other tools (e.g. CLM)?

Legartis is designed with an open API. This means that integration into other systems is possible without any problems.