There's an increasing trend among companies and entrepreneurs to have contracts built and managed by software. Contracts can be incredibly complex, and with more and more contracts being signed by customers, the need for an efficient means of getting the job done has never been more important. In this blog post we’re going to dive into exactly what a contract builder is and the benefits of contract management.
How to build a contract without a contract builder?
Building a contract without the benefit of an automated template is incredibly difficult. This is particularly true if you are dealing with complex terms and situations involving multiple parties such as a tenancy agreement with multiple tenants. The problem is so common it has a name: inefficient contract building. Legislate helps you automate the process of developing, reviewing and signing contracts for you. Just answer simple questions and the tool will generate a fully functional contract for you to review, share with the other side and sign.
How much time can you save with a contract builder?
Creating contracts can be a time consuming process without technology. This is where Legislate comes in. A platform that allows anyone to quickly and easily create lawyer approved contracts, thanks to knowledge graph technology. Legislate has been proven to reduce time spent on legal admin by at least 3 hours per contract. Legislate also reduces the likelihood of mistakes and the administrative cost of a mistake as contracts can be amended even if they have been circulated as long as they haven’t been signed.
Legislate helps lower legal costs for small businesses, landlords and letting agents with its digital first approach to contracts, resulting in a painless and enjoyable experience for all contract parties.
What are the other benefits of using a contract builder?
The best contracts are the ones that are clear and easy to understand. Legislate’s contract builder allows you to build standard contracts which are lawyer approved and easy to understand which results in less negotiation and contracts being signed faster.
How can a contract builder help you with contract management?
Keeping track of contract renewals, end dates and key data is tedious without technology. Instead of relying on an outdated paper system, you can use Legislate to keep all of the above in one place. Instead of trying to locate and store a new contract whenever it is signed or updated, you can manage all existing and new contracts in one place with Legislate. Legislate gives you the best of contract building and management for the same price. Moreover, Legislate contracts are up-to-date with the latest legislation which means that you don’t need to worry about tracking or maintaining your template library yourself.
Contracts are an essential resource in almost every modern business. Whether you're managing several suppliers for a single contract or managing multiple tenants for a range of tenancy agreements, Legislate can unlock time and data from your contracts and significantly reduce your legal fees. To try Legislate today, register an account with your email and create your first contract for free.