Because we have already created a comprehensive framework within which most commercial contracts can be generated, converting your existing contracts to fully automated contracts goes a lot faster.
Each document is different and certain documents may contain more variables than others. However, as a rule of thumb, it will usually take our dev team about an hour to automate 10 basic variables.
A basic variable means dynamic information that must be inserted into the document that is captured during the interview process. For example, the Seller's name is a variable that needs to be inserted in various places in the document and enter by the user when completing the interview.
A variable can also be more complex. For example, depending on the variable, certain clauses that favour one party above the other party can be inserted into the contract.