General Questions
Clarifying the role of AI in legal judgment and the safeguards for your practice.
Does TermTrax replace lawyers?
No. TermTrax handles document discovery and first-pass clause analysis. Every legal judgment stays with a human lawyer. The AI cannot close a review on its own.
How does TermTrax ensure legal judgment remains with the lawyer?
Every AI-generated analysis is presented as a first-pass summary. The final legal judgment, risk assessment, and contractual modifications are exclusively the responsibility of your in-house counsel.
What is the accuracy of the automated clause analysis?
Our system utilizes advanced AI to identify high-risk clauses and standardization patterns. However, it is not a substitute for human expertise in complex jurisdictional or commercial scenarios.
How does the document discovery process work for vendor documents?
TermTrax automates the initial discovery of binding legal documents on the vendor's website. This allows your team to focus on substantive review rather than manual data extraction. You can always manually add or remove documents to the review.
Is TermTrax suitable for mid-market companies?
Absolutely. We have designed the platform to handle the volume and complexity of mid-market vendor contracts without the overhead of enterprise-grade SaaS.
What happens if a clause is missed by the AI?
You can freely add findings within a document by highlighting the relevant text. The initial analysis done by the AI does not limit your ability to perform a review.
When will TermTrax be generally available?
We are currently in early access, working with our early adopters. We expect broader availability in the coming weeks. Request early access to be considered for the program.
What happens to our data?
Each customer's data is isolated using industry standard protocols. We do not use customer data to train models. Your data can be deleted upon request and naturally filtered out of stored backups after 364 days.