What are automated contracts?

What are automated contracts?

There are different types of document automation solutions. Most automated legal documents start with a questionnaire that the user needs to complete. The answers are then populated into a mainly static template.

Then there is the DocNinja contract creation framework which allows users to:

  • Make use of advanced decision trees and document logic to create documents from scratch exactly tailored to the user's need;
  • Make use of dynamic data capturing so that the data can be used throughout the rest of the contracting and reporting process;
  • Do advanced calculations;
  • Create multiple documents from a single interview;
  • Re-use data in other documents and transactions;
  • Seamlessly integrate with other databases; and
  • Receive real-time feedback on standard contracting positions and fallback positions.
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      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 ...