TermScout and How to Contract Launch Strategic Partnership

TermScout, an AI-based contract data and review company, and How to Contract, a global leader in practical contract training for lawyers and professionals, announced today they have entered into a strategic partnership that will integrate TermScout’s industry-leading market data with How To Contract training, as well as launch joint content programs, monthly webinars and TermScout’s Champion Sponsorship of ContractsCon 2023. The partnership gives both companies an ability to amplify their missions and continue to help companies across the world understand contracts and contract data.

TermScout will provide access to its robust negotiated contract database, facilitating a rich, data-driven curriculum of training events and materials for all How to Contract members. “Everyone talks about being data-driven in their daily practices”, said Laura Frederick, founder and CEO of How to Contract, “TermScout is changing that by making rich market data available for free to the masses. With this partnership, we will start bringing this data to light in How to Contract materials, conferences, and content posts so that users can begin to start thinking about how market data can help improve their contracting strategies.”

TermScout will offer all How to Contract members a free Scout Plan, normally $99 per user per month, enabling complete access to TermScout’s Verified™ Public Dataset - a collection of thousands of public contracts that have been carefully reviewed by contract experts and broken down on the TermScout platform. In addition to the Verified™ Public Dataset, TermScout offers a broad suite of tools designed to enable customers to close more deals on their paper and drastically reduce contract negotiations. TermScout offers a variety of products and services to their customers, all centered around frictionless contracting and the ability to utilize human-backed AI to turn contracts into structured data.

One of the most exciting parts of the partnership is ContractsCon, How to Contract’s second annual practical contract training conference, hosted by How to Contract in February in Miami, Florida. This stage will be an opportunity for TermScout and How to Contract to synergistically deliver contract data with practical applications. When asked about the partnership, TermScout Founder and CEO said “Good contracting requires good data and strong subject matter expertise. While TermScout is compiling and sharing the data that contract experts need to inform their strategies, Laura brings the subject matter expertise to help them process that data. Users will now get both the objective data from TermScout, and more nuanced analysis and practical guidance from Laura. It’s a match made in heaven.” TermScout will be a champion sponsor of the event, providing inside access to attendees on all things contracting.

As part of this new partnership, How to Contract and TermScout will be hosting “The Contract Data Show”, a monthly series where both companies and their special guests will discuss all things contracts and contract data. This will be supplemented with weekly content pieces, training available on howtocontract.com, and the ContractsCon event in February. To learn more about the partnership, join How to Contract and TermScout for the first episode of “The Contract Data Show” on November 16 at 11am MST.

Learn more and try TermScout for free at www.termscout.com/howtocontract

About TermScout

Founded in 2018 after winning the Global Legal Hackathon, TermScout’s mission is to make the contracts of the world simple, understandable, and useful. It is the world’s first contract rating and comparison company, serving in-house legal departments and procurement groups at companies like IBM, Qualtrics, NetApp, Freshworks, Techstars, Automox, and many more.

Headquartered in Denver, Colorado, with employees across the US, the company leverages advanced machine learning techniques to constantly train on the world’s largest human-reviewed dataset. The company’s AI-powered contract review platform enables users to quickly understand what a contract means and how it stacks up against other companies within an industry or even cross industry.

About How to Contract

How to Contract is a global leader in practical contract training for lawyers and professionals. Its training membership and events have helped thousands of people learn how to manage contract risk and get deals done. How to Contract was founded in early 2021 by Laura Frederick, a former Big Law and Tesla commercial contracts attorney, the author of the best-selling book “Practical Tips on How to Contract,” and a LinkedIn influencer with over 32,500 followers.

How to Contract’s second annual training conference, ContractsCon, is planned for February 16-17, 2023, and will be offered virtually and in person in Miami. Attendees will receive How to Contract’s signature training approach of going in-depth into fundamental contract concepts. The attendees also will receive the ContractsCon Playbook, which incorporates the training into an Excel contract playbook.

Contact for How to Contract

• Laura Frederick
• Laura@howtocontract.com

Contact Information

Otto Hanson

CEO and Founder

TermScout

Otto@TermScout.com