Quickly understand how TermScout is building the public contract database
The first way is information that is available to the public (e.g., publicly posted terms). The second is anonymized and aggregated contract data that is incapable of identifying or being traced back to the contract or to any party.
Example: We use Anonymized Contract Data to show our users aggregated and anonymized statistics like this: Out of 1,252 Verified IT vendor forms, 5% offer uncapped liability for violation of the customer’s IP rights.
We never use contract data that is not publicly available or anonymized such that it is incapable of being traced back to any party to the contract.