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.