TermScout

Free reviews and ratings on top SaaS contracts

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Signing bad contracts is the worst. TermScout uses NLP + human attorneys to analyze more than 600 data points in common SaaS agreements and rates them based on customer favorability. Less negotiating, less legal, less confusion. Stop signing bad contracts!
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Launch tags:Productivity•Sales•Analytics
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Otto Hanson
Screens
Maker
We built TermScout because we were tired of seeing companies cram their contracts with crap. As attorneys, we knew that companies made their public click-through agreements aggressive because they knew that nobody was reading them. Today, we’re shining light on big company’s fine print and empowering everyone to get a fast and free gut check on major contracts they’re asked to sign. Today, we’re publishing ratings and related information on more than 150 top software companies, like AWS, Salesforce, Microsoft, Google, and Solarwinds. Soak it up, use it, and take pleasure knowing that by paying attention to the contracts you sign, you’re helping send a message to big companies that what they put in their contracts is now public knowledge, and people are paying attention. ✅ Quick gut checks on contract favorability for everyone ✅ Deeper clause-level analysis for more serious contract professionals ✅ Built and run by attorneys ✅ Backed by Techstars, and trusted by lawyers from startups to fortune 100 companies We focus on software contracts today, but soon we’ll go into privacy policies, employment agreements, independent contractor agreements, payday lending agreements, finance agreements, business associate agreements, and beyond. Special for PH: ScoutHunt25 for 25% off Please share feedback, questions, comments!
Max Greenwald
Zoom
Thanks for building this! Signing contracts is a big pain point at Warmly! Can we suggest contracts for you to review?
Justin Buchanan
Maker
@maxpgreenwald Gah. We've felt your pain! Yes please! You can totally suggest contracts here! Can't guarantee timing yet for non-paid customers, but we really would love to see from our users which contracts are most interesting. If people are suggesting the same contract, we'll get to it!!
DMan
My criticism is that as a consumer you usually don't have any bargaining power in contracts - hence I can't do anything about bad clauses in contracts.
Justin Buchanan
Maker
@randomdraw637484 That's a fair point! We've heard from lots of users things like "Google won't negotiate with me" but we think bringing transparency might help root out bad clauses longer-term. And it could help with negotiations with smaller vendors or even limit some back and forth/redlines. We appreciate the feedback!
DMan
@justintbuchanan I agree that transparency could help in the long-term (and with loads of PR) to get the default T&Cs improved.
Justin Buchanan
Maker
@randomdraw637484 Right on! Let's make it happen! Thanks again for the feedback!
Otto Hanson
Screens
Maker
@randomdraw637484 There's also value in just knowing what you're signing. For example, AWS's contract says that if they terminate you "for cause", they can delete all of your data. I probably can't negotiate that out of my contract with AWS, but I can make sure my CTO understands this provision so that if ever we are at risk of being terminated (for example if we were behind on payments), we'd be on notice to make sure we've got everything backed up.
Justin Buchanan
Maker
@randomdraw637484 @ottohanson Great point otto!
Karen Frame
Super excited to see this product come to life! And, I should know because I am a recovering in-house counsel! 🤣 🙌
Justin Buchanan
Maker
@gomakeena LOL! We have a few of those on the team as well 🤣 and we're super fortunate to have those insights and feel those in-house counsel pain points! Thanks so much for the encouragement!
Karen Frame
@justintbuchanan, totally. BTW, sending your info to two of my contract in-house gig GCs and CFOs now.
Justin Buchanan
Maker
@gomakeena Ah! Thank you so much! Please stay in touch and let us know if we can give back and repay the favor sometime!
globig
@justintbuchanan @gomakeena Thank you very much Karen!
Karen Frame
@justintbuchanan @globigco, you are totally welcome! Shared with friends BTW!
globig
I like this, super helpful. Reading the fine print is a massive pain and I don't always do it. Can I make suggestions for other contracts to review?
Otto Hanson
Screens
Maker
@globigco, yes. Complete this form to let us know what contracts you want us to look at next. Bonus: we'll add the next five contract requests we receive to our queue for next week!
globig
@ottohanson Thank you, I have a couple of software co's I'm looking at right now. Appreciate it.
Theron McCollough
Thanks for building this, much needed!
Justin Buchanan
Maker
Thanks @theron we hope it helps!!
Peter Fatianow
Maker
I’m Peter, co-founder of TermScout and was also a co-founder of HealthGrades.com. At HealthGrades, we brought transparency to healthcare provider data that helped millions of users find a doctor and understand and compare hospital quality. Today, we’re launching TermScout, where we bring transparency to complex contract terms that will help buyers of software quickly understand which contracts are okay to sign, and which ones they might want to think twice about. We’ll also help sellers of software communicate to buyers that they have balanced or favorable contract terms with our third party contract ratings. Join us if you like the idea of understanding what you’re signing every time you click “I Accept”.
Daniel Braha
This looks great, do I have to subscribe for the full details on a contract or can I purchase just a single contract?
Justin Buchanan
Maker
Glad you like it @sosmedia! Good question! Yes! You can purchase just a single contract if you'd like. If the full subscription isn't right or you just need to see one company review... you can purchase a single report. Check the Pricing page and let us know if you have more questions!
Justin Buchanan
Maker
@sosmedia and don't forget the PH discount code in 1st comment ☝️!
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