Hi, I’m Ali. I’m director of Product Partnerships at LawVu, and today I want to give you a really quick walkthrough of our brand new integration with Clause Buddy, the comprehensive drafting and reviewing toolbox for lawyers. So let’s start here. In the LawVu, legal Workspace LawVu is an all in one solution for in-house legal teams to manage their matters, contracts and their legal spend.
But today we’ll focus on contracts. So I’m gonna go ahead and create a new contract file by selecting. A document and then I’ll be prompted to pick a type and to fill in some key details based on that type. So this is a license agreement, and once I select license agreement, I can choose the counterparty, pick the region.
I could add a background if I wanted, and I can give it a risk rating. And then I’ll go ahead and create that record. Now you can see as I create it, the legal team automatically added to the record to give them visibility over all of the work that’s coming in. And now it’s created, I can open the contract and once that opens, you’ll see that this record has a whole lot of details recorded against it already.
It’s got the owner, I’ve got the stage it’s in. I could add a status update, and of course I have the contract document itself. From here, scrolling down, I can get an idea of what’s in the contract, but if I really wanted to review it more thoroughly, I’d wanna use word. So from here I can just click to edit in Word that will open up Word.
And from there we can use clause buddy’s word add to review the document in more detail. Opening up this document in Word, you’ll see that we have the LawVu word plugin. We can use to very easily save an updated version of this contract back to the same contract record and LawVu that it came from, and we have the Clause Buddy word plugin that we can use to review the contract.
Calling this panel out. You’ll notice that Clause Buddy has very comprehensive range of features today. We’re not gonna go through them all, we’re just gonna focus on the ones that integrate them most seamlessly and deeply with LawVu. When I’m reviewing third party contracts, one of the first things I like to do is get a really good idea of whether some of the more contentious provisions in the contract are similar to what we’ve agreed in the past.
Scrolling through this contract, the one that jumps out immediately is this definition of royalty at 15% of gross sales. Is that figure something that would typically agree to? I’m not sure in clause, buddy. I can use their truffle hunt feature to easily pull up clauses that we’ve agreed to in the past about royalty.
So I can just search and it’s gonna bring up, bring up any clauses from documents in LawVu that relate to the concept of royalty. So we’ve got 36 results and scrolling through, they are about royalty, but they’re not particularly useful for this use case. Some of they’re in different languages and these in definitions.
But that’s okay because Clause Buddy makes it very easy to narrow in on what we need, which means that you can take all of the agreements that your team have worked on in the past and very quickly hone in on the most relevant prior work to surface and reuse here. So now I could process the results with AI and I could give it a prompt to get closer to what I need, but because I know that I’m looking for a definition and they have a preset definition filter, I can just select that.
It’s gonna filter down this list to only return the results that are definitions. Looking through them, some of them, uh, what, 2%, 11%. They’re much less than what we have currently in this agreement. And depending on what side you’re on, you might want to redline this, so I can just highlight the text from the agreement, and in one click I can insert that clause with changes and it’s gonna surgically update my agreement.
To reflect what I’ve agreed to in the past, and so I know that there’s now more in line with what we would typically accept.
Now, another thing Clause Buddy does that is super clever is they have an ability to return results based on the text that you highlight. So imagine that I didn’t know what this clause was. Maybe I’m a junior, or maybe it’s just some form of obscure clause that I don’t see very often. I can just highlight that clause and I can go to the auto suggest feature and clause.
Buddy will automatically search through all of the clauses that I have saved in LawVu and return the ones that are most similar. So you can see here that it’s return results that look very similar to what I’ve highlighted. Another way that Clause Buddy integrates with LawVu through the document chat picture.
Document chats are often useful because you can get really good quick answers to what’s in the current document in front of you. But what makes us even more useful is that we connect it to LawVu so that you can ask questions about any documents you have saved in LawVu as they pertain to this current document.
I can easily fetch your document from LawVu by searching by file name, by meta type, by contract type, and in this case. I’m gonna look through our contracts we have saved in LA view to see if we have any existing contracts between the parties. You can see we’ve returned the license agreement that we have in front of us along with an NDA.
So I’m gonna select the NDA and I’m gonna pull it into the document chat
so that I can get an idea of whether anything in the NDA conflicts with what we’re agreeing to now and whether we need to make any edits to make sure that the license agreement takes precedence. I’m gonna go ahead and ask whether there are any conflicting provisions.
You can see we’ve got a bunch of different bullet points listed below. They’ve pulled out that the governing law is different, both clauses, both contracts have an entire agreement clause. Indemnity differs and the term termination is different, so they’ll expire at different points. This is really useful to help me get an idea of how to best draft this license contract to align with the existing NDA, but I can think of a bunch of other ways that you could use this pipe feature.
For example, if you have policy stored in LawVu and you wanted to make sure that the contracts you were negotiating was aligned with those policies and different things like that. But now let’s look at another way that Clause Buddy integrates with LawVu. When I’m finalizing an agreement, I like to run a bunch of different comparisons.
For example, I’ll often run a literal comparison between the first version of the contract and the final version of the contract to make sure that all of the changes that I’ve pushed for during negotiations are adequately reflected in that final version. I might also like to run if it’s a third party.
More of a summary comparison against the final version of the contract that we’ve negotiated and our preferred position in the playbook to make sure that it’s broadly aligned. But what I wanna focus on today is Clause body’s ability to run a multi document comparison,
the multi document comparison tool. It’s going to let me compare the contract that I have open in front of me with a selection of contracts that I already have saved in Northview. So I can navigate into LawVu and I can find the documents that I wanna compare it against. In this case, I’m just gonna select a few existing license agreements that I have saved in here.
When I bring them into Clause Buddy, it will convert anything that’s a PDF into a Word document so that it can extract the information. And then I can go ahead and select the questions that I wanna apply. I have a bunch of preloaded questions saved, and then I can process them.
If I pull this panel out, you’ll see that what it’s doing is it’s comparing for the questions that I’ve asked, the terms that are in the current document with the terms that are included in the documents saved in LawVu. It includes references, so I can click to where it’s found that in the document.
I get a nice little summary of, of where it’s come from and then once it’s produced that table, I can either export it into Excel or I can export it into Word and from Word. I can save that summary table straight back into LawVu using the LawVu word plugin so
I can select the correct contract.
I can give it a name.
And that’s gonna add that straight back to the LawVu contract.
Likewise, let’s assume that I’ve made some changes to this contract and I wanna save that straight back into LawVu. I can just click across into the LawVu word plugin, and I can save it as the latest version on that contract file so that we have that record of the new version. Straight back in our CLM today, we’ve covered a few ways that LawVu integrates with Clause Buddy.
But if you want to learn more, please reach out. We’ll be happy to show you.
Surface clauses from documents stored in LawVu directly within the ClauseBuddy Word add-in – making it easy to reuse prior work.
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