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
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.
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.
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.