Contracting Tech Center
Contracts are the lifeblood of every business. Contracting technology helps lawyers and business professionals automate the drafting and review of contracts. It also helps corporate legal departments manage, search and monitor contracts after they are signed.
In recent years, the market for contracts technology has become red hot. Major investment firms have poured billions into the companies that are developing this tech, with at least one recently becoming a so-called unicorn, meaning it is valued at $1 billion or more.
For buyers in this market — many of whom are in corporate legal departments — that means there is an abundance of riches in the products available to them. But that also makes the selection process that much more difficult, as buyers must sort through a glut of competing products and claims.
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Categories of software used in Contracting
Smart Contracts
Contract Automation and Drafting (Through Signature)
Contract Database Management
Contract Lifecycle Management
Contract Review and Analysis (Post Signature)
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