TermScout

What is TermScout?

TermScout is an AI-powered contract review tool that extracts key insights from contract data, helping agreements get finalized faster than with traditional methods. The platform includes a library of anonymized, negotiated contracts and a Public Contract Database containing millions of data points from public contracts. Its Certify tool speeds up contract negotiations so sales teams can close deals sooner.

What is TermScout used for?

• Extracting critical contract information quickly
• Speeding up contract negotiations
• Improving contracts using insights from the Public Contract Database
• Reviewing many contract types while reducing analysis time
• Supporting sales teams during negotiations
• Browsing public contracts for useful data

Who is TermScout for?

TermScout is built for lawyers and sales teams, from small businesses to large enterprises. Customers include IBM, Qualtrics, and NetApp. The company’s goal is to make finalizing contracts smoother and faster by using AI to extract and analyze important contract details.

Pricing and plans

TermScout offers Basic, Pro, and Premium plans, all available on a monthly basis that can be canceled at any time. Scout Seats can be added at $49 per user per month for team access. Teams of three or more can get better pricing and custom playbooks through the enterprise option.

Accuracy

TermScout guarantees at least 85% accuracy, with up to 99% accuracy available through its Verification feature. Uploaded contracts are typically reviewed in 5–7 minutes, with the AI extracting the important details automatically.