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Because we have already created a comprehensive framework within which most commercial contracts can be generated, converting your existing contracts simply means plugging your contracts in our framework and you are good to go.
Yes, an electronically signed contract is legal and binding. There are however certain documents that you cannot sign with an electronic signature -
Basically, it is a way to get your contracts signed fast, securely, and ensures that these contracts are legally binding.
With other electronic signature solution available on the market you still need to either configure the integration with your CLM system or you need to use a stand-alone solution. When using the DocNinja solution, the electronic signature solution is already integrated and works seamlessly with the rest of the DocNinja CLM solution.
A contract life cycle management solution automates various aspects of the contracting life cycle.
Generally, every rand and cent that goes in or out of a business is governed by a contract. Every business can drive efficiencies and reduce risks by implementing a CLM solution.
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 template. This is basic document automation.
Then there is advanced document automation. Advance document automation:
In other words, advance document automation doesn't merely populate a document and inserts the clauses that you select, it tailors the wording of the clauses to your exact needs.
The contracts available were created with you in mind. The language, format and style of the available contracts are the results of input from contract specialists and language specialists to ensure you can easily understand the contracts.
Usually, you cannot search within a scanned document because they are images or your system only searches for file names and not necessarily content within files.
With Optical Character Recognition (OCR) technology, the system runs a process that identifies the characters in your scanned document. It then extracts the text, handwriting, and other data from the scanned document and indexes the information.
Once a document has been processed, the content becomes available, and you can then search within the document, extract key information, and utilise the extracted data as part of the DocNinja business intelligence dashboard.
Natural Language Processing (NLP) is an artificial intelligence-based (AI-based) solution that helps computers understand, interpret, and manipulate human language and enables you to do semantic searches, which is the ability of search engines to consider the intent and contextual meaning of search phrases.
In essence, AI smart search technology helps you find the information you are looking for much faster.
When negotiating contracts, it is important to keep track of what changes. Unfortunately, not everyone uses track changes, or you are only provided with a PDF document.
With document comparison technology, you see a side-by-side view of different versions of documents, showing you exactly what changed.
Our document comparison feature works seamlessly with the system’s version control functionality and approval workflows and is a real time-saver!
See it as an extension of your legal department.
Our outsourced legal services offering is made up of the following services:
We review and negotiate routine commercial contracts on your behalf enabling you to allocate valuable resources to where they are required most.
For those not so routine contracts, our contract and commercial law specialists advise from deal inception to deal close-out.
Because we combine the latest technology with expert legal knowledge, we are able to provide the above services at competitive fixed rates.
A good legal playbook means time and money saved, better outcomes, and demonstrated business value added by the legal team. At DocNinja, we integrate playbooks into our workflow, so there is no need to reference external sources.
What is a contract playbook?