No-Code Contract Issue Spotting Rule
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A No-Code Contract Issue Spotting Rule is a contract issue spotting rule that automates the verification of contractual agreements against predefined legal and business standards without requiring traditional programming skills.
- Context:
- It can (typically) analyze Contractual Documents to ensure adherence to Legal Standards and Business Policies.
- It can (often) be utilized by Non-Technical Users to implement complex legal rules with minimal technical training.
- It can range from being a simple Date Validation Rule to a complex Jurisdiction Compliance Check.
- It can alert System Users to Compliance Issues that require attention or correction.
- It can be integrated within Contract Management Systems to provide ongoing compliance support.
- It can be a Rule Coding Expert-Created No-Code Contract Issue Spotting Rule to being a Average User-Created No-Code Contract Issue Spotting Rule.
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- Example(s):
- One that confirms all contract termination clauses include a minimum 30-day notice period.
- One that verifies service level agreements (SLAs) specify clear performance metrics and penalties for non-compliance.
- One that ensures confidentiality obligations survive the expiration or termination of the agreement.
- One that checks that force majeure provisions are reciprocal and include standard exceptions.
- One that mandates all contracts over a certain dollar threshold require legal department review and approval.
- One that confirms assignment provisions require the consent of the non-assigning party.
- One that verifies warranty disclaimers are conspicuous and comply with applicable law.
- One that ensures dispute resolution clauses specify a governing law and exclusive jurisdiction.
- One that checks invoicing and payment provisions include detailed instructions and deadlines.
- One that confirms intellectual property ownership is clearly allocated between the parties.
- One that mandates data privacy and security provisions are included for contracts involving personal data.
- One that verifies limitation of liability clauses include standard carve-outs for indemnification, breach of confidentiality, and gross negligence/willful misconduct.
- One that ensures non-solicitation of employees provisions have a reasonable time limit.
- One that checks contracts include a clause stating the agreement represents the entire understanding between the parties.
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- Counter-Example(s):
- Hard-Coded Compliance Rules, which require programming knowledge and are inflexible without code adjustments.
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- See: No-Code Platform, Contract Management System.