Last week we highlighted the top 5 features from the Legislate community. In this article we will present the Legislate team’s favourite features. If you would like to join over 900 members who use Legislate to streamline their property and business contracts on no legal budget, sign up today for a free trial.
Most legal solutions will assume that you already have a template which is prohibitive for anyone who doesn’t have a template and isn’t a lawyer. For example, DocuSign offers e-signatures but no way to draft contracts which makes Legislate’s contract builder really powerful. You just need to specify the type of agreement you’d like to create and answer some simple questions and a contract will automatically be generated. You then invite the parties to Legislate for signature without needing to download a pdf of the contract. Editing templates in Microsoft Word can be error-prone and coordinating signatures via email is slow, even if you’re using DocuSign, so it’s great that you don’t need to worry about any of this with Legislate.
Contract data is fascinating as the terms are highly interconnected both within and between contracts. Legislate’s knowledge graph understands these connections and produces aggregate statistics which would otherwise be difficult to calculate manually. Moreover, these statistics are updated automatically each time you create a new contract so that you always have the most accurate information to support your business decisions.
Curious about automated data extraction from documents?
Contracts sometimes require certificates or documents before they can be signed. For example, a landlord needs to check a tenant’s right to rent and provide various safety and energy performance certificates to the tenant. Legislate has recently added the ability to request and manage these documents directly from your Legislate contract. Documents are stored in a Google cloud secured vault which only the designated parties can access. This means you don’t need to worry about storing them in a separate location or proving that you supplied them in the first place. By providing a digital record of the document verification process, Legislate is effectively automating compliance for you.
It’s amazing how many people and roles can intervene in the lifecycle of a contract. Legislate has made it really easy for a creator to add and manage contract roles and parties so this is definitely one of my favourite features. The people management is flexible enough for you to update roles or remove people from the contract if ever something changes. It also makes it easy for everyone involved to track invitations and signatures which saves time and improves the speed of the signing process.
The Legislate nudging engine is an underrated feature because it takes the hassle of sending reminders off of the contract creator’s shoulders and leads to contracts being signed 5 times faster. Reminders will be sent every 24 hours after a contract reaches the signature stage which means that you don’t need to follow up with each party.
The first part of our 2 part series has highlighted the favourite features from the Legislate team. You can sign up for updates by joining our newsletter. If you are not yet a Legislate member, please sign up. You can also read our Legislate tutorials and book an introductory call if you have additional questions.
Why don’t you find out for yourself?
Read Part 2.