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ABOUT US
Legal contract dynamics require a zero-trust way to conduct surveillance on obligation performance without compromising data control, costly audits or increasing security vulnerabilities. Smart Legal Technologies has the expertise to lower costs, improve efficiency and speed execution of your most demanding legal negotiations.
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A smart legal contract (SLC) is a legally binding contract where any or all the performance obligations are defined or surveilled by electronic technologies. SLCs are not treated differently than other legal contracts. SLCs are governed by the same state and federal common/statutory laws as traditional contracts.
THE 3 CORE ATTRIBUTES OF OUR SERVICES
NATURAL LANGUAGE DOCUMENTATION
A traditional written documentation process that conforms to the natural flow of a contract negotiation with an emphasis on minimizing discretionary and ambiguous concepts. Our approach anticipates custom and complex scenarios like continuous improvement and innovation, which addresses the ‘hold-up problem’.
OPERATIONAL DATA GOVERNANCE
As experts in ‘sightless’ data administration, our process defines the availability, usability, integrity and security of contractual data elements. Our innovative techniques empower micro-deconstruction of clause intent. Data protection, cyber security measures and security compliance can potentially generate hundreds of required data points.
COMPUTE & SURVEILLANCE LOGIC
Event and trigger logic addresses the significant risks that result from a lack of contract performance transparency, often leading to delays that magnify the cost of resolution. Data often travels and rests in multiple systems, our data aggregation techniques address nested or dependent data pathways.
THE SMART LEGAL TECHNOLOGIES PLATFORM
Software that simplifies the development, migration and surveillance of smart legal contracts
Active Surveillance and alerts when clauses are triggered
Reduce performance ambiguity and delayed dispute resolution through 'smart clauses'
Track changes to underlying data, authorization and access
Eliminate expensive and time-consuming audit requirements
Integrate dependent agreements, empower cascading logic
Automate term revisions when anticipated circumstances change in nested performance obligations
