The Contract Risk Analysis legal app streamlines contract assessments by automatically evaluating one or more agreements against user-defined risk criteria. Instead of manually reviewing contracts for potential issues, legal professionals can use this app to quickly categorize risk levels and receive detailed rationales for each assessment.
For each selected contract, the app flags risk levels as Low, Medium, or High, based on the predefined criteria. Along with each risk designation, a rationale is provided, helping legal teams understand why a particular contract or clause presents a potential concern. This structured analysis ensures consistency and allows for faster, more informed decision-making.
Once the risk assessment is complete, the results are compiled into a well-formatted Word document report summarizing the risks associated with each analyzed contract. The report is then instantly filed back into NetDocuments, making it easy to reference in future negotiations, due diligence reviews, or internal audits.
This app is particularly useful for:
Due diligence in mergers, acquisitions, and corporate transactions.
Internal contract audits to ensure compliance with company policies.
Third-party contract reviews to assess potential risks before entering agreements.
Note this app includes options for Employment Agreements, Intellectual Property Agreements, Lease Agreements, and Supplier/Vendor Agreements, but can be customized for any type of agreement or analysis criteria desired.
By automating the risk analysis process, the Contract Risk Analysis app helps legal teams save time, enhance consistency, and mitigate contractual risks at scale.
Assess contracts for risk based on user-defined criteria and generate a structured risk report.