Diligence Engine is basically a shortcut to finding out what is in a pile of contracts. Just upload all your contracts, wait a few seconds while it processes them, and highlight the provisions you are looking for. You can look for provisions in a single contract, compare contracts, or compare provisions across contracts, all starting at about $10/document.
Diligence Engine is similar to eBrevia, but it has been around longer and as a consequence is a bit more mature. The interface is polished and modern-looking, and the developers have taken the time to add features like two-factor authentication. It’s really a pleasure to use.
As the name implies, Diligence Engine is built for conducting due-diligence contract reviews. But once I started playing with it, I realized it could have another use case: knowing what’s in your own contracts. For example, I frequently get requests to use Lawyerist articles in CLE materials or bar journals. When I do, I need to be able to pull up the IP terms from the most-recent contract we have with the writer so I know whether I need to consult the writer before I make a decision.
I loaded a couple dozen contracts into Diligence Engine and a few seconds later had a list of all the licensing provisions. And because it is all automated, I am less likely to make mistakes than with my current I-hesitate-to-call-it-a-system.
Now that I’ve seen two excellent examples of software that can seriously simplify contract review, I don’t know why you wouldn’t use one any time you need to find out what is in a pile or more of contracts.