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[New] Tips for creating effective Third-Party Playbook Alerts

Updated over 2 weeks ago

This article explains the features of the new LegalOn. For information on the current version’s product features, please refer to this page.

Overview

A Third-Party Playbook Alert is a clear, specific review standard that reflects your company’s unique contract review policies. By collecting and documenting your internal expertise as Third-Party Playbook Alerts, you can build a Playbook that standardizes your review quality and processes across your entire team.

When creating Third-Party Playbook Alerts, consider:

  • Internal knowledge gained from previous contract reviews

  • Internal company policies and rules

  • Common industry best practices

Well-crafted Third-Party Playbook Alerts help you detect risks consistently and efficiently.

How risk detection works

When you run a Playbook review, LegalOn compares each Third-Party Playbook Alert with your contract’s content. Each Playbook Alert should be designed to match or detect the presence/absence of a specific clause. This is why clear, precise wording is essential.

Four key tips for writing Third-Party Playbook Alerts

  1. State what the contract should or should not contain. Don’t tell the AI to make a revision.

    ☑️ The contract should have Delaware as the governing law.

    ❌ Always revise governing law to be Delaware.

  2. Be specific. Avoid vague or subjective terms.

    ☑️ The agreement must include a 24-hour breach notification requirement.

    ❌ Review the agreement for lengthy breach notification requirements.

  3. Focus each alert on a single issue, position, or term.

    ☑️ The definition of confidential information needs to cover information that is disclosed orally.

    ❌ The NDA must have provisions related to indefinite confidentiality, proprietary information, disclosure rules, and employee non-compete terms

💡 Info

If you subscribe to the LegalOn templates module, you can use the provided checklists to help create your Third-Party Playbook Alerts more efficiently.

Note: Checklists are only available for certain contract types. The supported range will expand in future updates.


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