Simplifire & International Association for Contract and Commercial Management
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This team worked with Simplifire and the IACCM to create a solution that helps parties evaluate changes to a contract made during the negotiation process. Contract drafts tend to start with templates and standard clauses that are rewritten through the negotiation process. Simplifire wanted a tool to measure the “distance” between the rewrite and the original clause to help the people reviewing changes. The team said that their solution enhances the Simplifire platform by “building a method to detect international standards, estimate the importance [of changes], and presents that [analysis] back to the user.” The team developed an interface to facilitate rapid cognitive understanding and the ability to act rapidly on analysis from the tool. The tool then captures information to improve the analysis for future similar cases.
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