Uploading ‘Signed’ contracts to benefit from ThoughtRiver’s familiarity intelligence

 

To benefit from our familiarity intelligence feature, enabling you to identify unusual clauses in the contracts you review, you first need to sign at least 1 contract in the Deal type.


Note that once a contract is signed, it takes up to 5 minutes for it to be added to the signed agreement index. Once added, it will be included in the signed agreements assessed for that deal type for all newly uploaded contracts. It will not be included in historic assessments. 

TIP: To include a newly signed contract (or exclude a contract you have 'unsigned') in the assessment of a historic contract, reanalyze the historic contract.

To get the best possible experience from this feature, sign as many contracts as you can in each deal type. You can use the 'bulk actions' toggle on the Negotiations Dashboard to select and sign multiple (up to 30) contracts at once.  30 signed contracts will usually index in approximately 10 minutes, but this timescale can vary according to demands on the system at any one time.

Our AI uses your signed contracts to draw comparisons, and so the more contracts you have, the more illustrative the tool will be of the frequency with which you have agreed to wording in the past. 75% of 4 past clauses is less persuasive than 75% of 40 past clauses.

Template familiarity

 To enable the part of the feature that compares the contract against a 'template' or 'standard' document, you must set at least one template contract for the deal type. See our separate  articles about Enabling Familiarity and Template Familiarity.


Happy contract reviewing!