Web Application

Powered by

Contract Standards develops and shares
double arrow  Document checklists and a unified clause library
double arrow  Form agreements and contract automation tools

Mission

Our mission is to openly share contract standards--transaction analysis, checklists, and clause libraries--in an effort to establish global contract norms. It is hoped readers will share their knowledge through comments, practice guidance and other contributions. Contract Standards is a work in progress with new materials added daily.

The site is developed and maintained by KMStandards LLC, a software company that offers premium technology and services to analyze both public and private document collections, create standard forms and provide contract benchmarking. To learn more, visit www.kmstandards.com.

Technology

KMS marries technology with process and substance. The software determines how the agreements are organized, what clauses they contain, and the full range of standard and deal-specific language. The analysis is used to create contract standards (www.contractstandards.com) and power applications that can compare and benchmark any agreement to a selected standard (www.kmstandards.com). This benchmark identifies which clauses match (and the degree of similarity), which clauses are divergent, and which clauses may be missing. To learn more, watch Kingsley Martin presentation at Stanford Law School's CodeX conference.

Source and Approach

The material on this web site is drawn from public sources, analyzed by kiiac software, and editorially reviewed. The technology can analyze any set of agreements and automatically determine what clauses the agreement contains, how those clauses are organized, and the range of standard and non-standard language used in each clause. The software generates an outline or checklist of the standard deal terms and all deal-specific variations. It also creates a clause library for each deal term, identifies the core, non-negotiated language and the full range of alternatives. Editorial review is performed to remove personal information and to further simplify contract language.

Organization and Contents

The site is divided into three main sections: (a) contract standards; (b) contract automation; and (c) discussion. The contract standards section includes a list of all major agreement types, a comprehensive framework for organizing bi-lateral agreements, a clause library of common terms, and featuring one clause per day. The contract automation section contains document automation tools and end-user guides. Finally, a discussion section provides an environment for participants to contribute to the development of contract standards and guide the development of the document automation and analysis software.

Recent Updates

  • Annoucement--Software Maintenance and Support

    The software maintenance and support clause in Software License Agreements defines the level of technical assistance and updates services provided as part of the software. Agreements may provide for:

    1. Support: technical assistance regarding the use of the software, and
    2. Maintenance: provision of upgrades and fixes to correct faults, to improve performance, or to add features.

    There is not a standard clause. The terms are highly variable and case-specific. In general, fewer services are available for low cost or free licenses; more support is provided for commercial licenses. The terms may be included in the license agreement or a separate maintenance and support agreement.

    Posted Apr 3, 2014, 7:13 AM by Kingsley Martin
Showing posts 1 - 1 of 80. View more »
  • Annoucement--Software Maintenance and Support The software maintenance and support clause in Software License Agreements defines the level of technical assistance and updates services provided as part of the software. Agreements may provide for:Support ...
    Posted Apr 3, 2014, 7:13 AM by Kingsley Martin
  • The New ContractStandards We are proud to announce our new Clause Library Web Application.  This new interface lets users navigate our Unified Contract Structure with ease.  The lean design also makes our Library ...
    Posted Jan 9, 2014, 8:07 AM by Kingsley Martin
  • Revisions to the Unified Contract Structure The Unified Contract Structure will be revised with two main adjustments: the introduction of an acknowledgements section and the regrouping of the remedies section to include rights and remedies related ...
    Posted May 17, 2013, 5:20 AM by Kingsley Martin
  • Confidentiality Standard of Care Clause The Standard of Care clause defines the level of protection that the receiving party must use to protect the disclosed confidential information. Typically, the agreement requires the recipient to treat ...
    Posted May 10, 2013, 8:34 AM by Kingsley Martin
  • Marking Clause The marking clause in a confidentiality agreement defines whether information must bear an indication of confidentiality, such as a stamp or header stating: "Private and Confidential."Marking requirements can have ...
    Posted May 6, 2013, 6:15 AM by Kingsley Martin
Showing posts 1 - 5 of 80. View more »