Document Benchmarking

Where your task is not preparing the initial contract, but rather reviewing a document prepared by another, use kiiac's unique capability to create a Reference Standard (based on a market standard or your firm's best practices) to efficiently review contracts.

• Benchmark comparison shows what clauses the draft being compared shares, and doesn't share, with the Reference Standard and the level of divergence.

• Quickly identify those provisions that require further review.

The image [above] shows the outline of a consulting agreement (the middle panel) benchmarked against the Reference Standard (the left-hand panel). The comparison shows the matching clauses in black, shows the missing clauses in blue, and marks in red those provisions using language that differs from analogous language in the Reference Standard. In the image above, the software shows that "Ownership of Work Product" uses divergent language. The user can find the standard language in the Reference Standard. The search features allow the lawyer to search by caption (it will find alternative caption headings), by a fragment of text, such as "work for hire", or by using the entire text of the clause in question. In the image below, the lawyer has used the text of the clause "Ownership of Work Product" as the basis of the search and the software has found the Work Product and Intellectual Property clauses in the Reference Standard. The user can elect to view the standard versions of those clauses and if desired use some or all of it instead of the text in the working document.