The Weagree Wizard - Introduction
Online contract assembly. The Weagree Wizard is an online (secure) document assembly software application accelerating the automated drafting of contracts. The application enables the creation of (your or our) high quality contracts by processing an extremely user-friendly Q&A.
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Very user-friendly. Guided by a powerful questionnaire (Q&A), the user:
- inserts the party details and other relevant contract information;
- chooses from amongst options (or accepts the default answers);
- may leave out redundant contract provisions;
- if desirable, inserts additional building blocks of atypical contract provisions; and
- generates a crisp contract in the company's own house style.
The Weagree Wizard expedites both routine and highly complex drafting work. In day-to-day routine contracts, 'copy-paste and search-replace' drafting and the related errors are history. Highly complex drafting work, such as SPA's and joint venture agreements, can be simplified thanks to the vigorous (modular) setup of the Wizard: Q&A's can be structured such that by one click of a button the user inserts a word or phrase into a contract clause, or an entire article in the agreement (or both). The setup of the Weagree Wizard is in all respects simple. For a 12 minutes demo movie click here.
Knowledge Management Tool. The Weagree Wizard includes a very powerful functionality to manage the "clause library". Never before has know how (i.e., individual contract clauses and contract building blocks) been so well organised as in Weagree's clause library. All contract clauses can be assigned keywords, a language or regional properties, be categorised, identified as a particular person's responsibility, be accompanied by an explanatory pdf or other file and obviously be hidden for unauthorised users. This functionality is particularly useful for retrieving the right contract clause for marking up a contract received from the other party.
High quality templates included. The Wizard is equipped with a set of high quality contract templates. The customer can modify and expand them according to its business requirements. The related questionnaires, as well as the optional answers and explanatory texts, can be modified and expanded as well.
Workflow. The Weagree Wizard contains a workflow management function allowing a legal department to introduce approval rights and to monitor compliance. This functionality justifies access rights to the Wizard for business line managers, without losing the option to release the contract itself only after review (or approval) by the responsible in-house lawyer. Furthermore, the workflow implies the possibility of a legal department or senior management to keep track of the status of all pending transactions. For more information about the workflow see FAQ.