TermScout Launches Screens, World’s First Marketplace for Lawyers to Build and Sell Contract Review AIs

Today, TermScout, an AI contracting company that counts companies like IBM, Lenovo, and NetApp among its customers, is launching Screens, a platform for lawyers to easily create their own AIs so others can review contracts through their unique lens.

“Our mission is to help people easily understand contracts,” said Otto Hanson, TermScout CEO. “What we didn’t realize until GPT4 was that the best way to do that is to create a marketplace for lawyers to build and sell contract review AIs. Now, contract experts can turn their expertise from a service into a product, and find unique new ways to earn revenue and share their expertise with the world.”

“Screens offers lawyers a unique and powerful tool for crafting and reviewing contracts,” says David Tollen, author of the ABA’s bestseller, The Tech Contracts Handbook, and founder of Tech Contracts Academy®. “Through generative AI, Screens delivers vital knowledge more efficiently – in a way that’s immediately operational.

This novel approach to building contract review AIs also presents a unique opportunity for anyone reviewing contracts. With Screens, users can get an expert review of their contract with just a few clicks. The new platform already has screens published by experts in commercial real estate, privacy, fintech, SaaS, healthcare, consumer, and more.

The American Arbitration Association believes Screens will provide an important tool to parties reviewing dispute resolution clauses. “Every year, countless parties get stuck in unnecessary litigation because their arbitration and mediation clauses are poorly drafted,” said Diana Didia, Chief Information and Innovation Officer of the American Arbitration Association. “Creating a screen to draft an efficient, enforceable and cost effective dispute resolution provision allows the AAA to share its decades of leadership and expertise in the field.”

“As recently as 2023, we believed that getting to frictionless contracting would be a long journey,” explained Hanson. “Last year’s generative AI revolution supercharged our progress; and with today’s launch of Screens, lawyers can now create AI digital products with as much time, effort, and technical skill as it takes to write a simple blog post. ”

Today, Screens officially comes out of private beta and opens to the world with plans to suit every business and personal use case, including a free plan that includes five contract uploads per month.

Try TermScout’s Screens here: www.screens.ai

About TermScout and Screens

Founded in 2018, TermScout is a contract review and rating company that is trusted by companies like IBM, Qualtrics, NetApp, Lenovo, and more. It has developed the world’s first contract certification and has the world’s largest database of contract market data. Screens is an AI contract review platform that lets contract experts build and sell digital contract review products. The company behind TermScout and Screens is backed by NFX, GroundUp Ventures, Techstars, and The LegalTech Fund, among others. Learn more at https://www.screens.ai

Contact Information

Otto Hanson

Co-Founder and CEO

TermScout

otto@termscout.com