TermScout offers an innovative feature - the Playbook. This highly-valued tool is often hailed by power users for its transformative impact on their contract review processes.
What is a Playbook?
Playbooks are a unique feature that enables users to encode their contract requirements into TermScout's sophisticated software. This feature allows users to apply these requirements programmatically across all contracts they are reviewing, streamlining the analysis process and enhancing efficiency.
The Power of Playbooks: Data Processing Agreements Example
One practical application of the playbook can be seen in the case of data processing agreements (DPAs). A playbook for DPAs can be set up to match the Article 28 requirements of the General Data Protection Regulation (GDPR). These requirements are crucial inclusions in contracts between data controllers and data processors.
For instance, a DPA designed by the Law Boutique meets all these GDPR requirements. By aligning the playbook with these stipulations, users can quickly assess the compliance of any DPA with GDPR.
The Unique Advantages of Playbooks
Granularity
Playbooks delve deep into the substantial necessities of a contract. This in-depth exploration allows for comprehensive scrutiny of every contractual aspect, ensuring no crucial detail is overlooked.
Customizability
Playbooks are highly customizable. Users have the flexibility to configure them in any way that suits their unique requirements, making the tool an adaptable solution for various contract types.
Directionality
Playbooks not only inquire about a clause's presence but also confirm the appropriate application of rights or obligations. This ensures that contractual duties or privileges are correctly directed.
Auditability
In line with TermScout's commitment to transparency and user empowerment, citations within playbooks are easily accessible. Users can validate the platform's analysis with just a single click, providing an easy way to verify the information.
Certain contract categories, such as DPAs and IT contracts, have standard sample playbooks available for immediate use at no cost. To construct customized playbooks, users are encouraged to get in touch at sales@termscout.com.