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December 9, 2024

Contract Review Takes Time: Why It’s a Bigger Problem Than You Think

Contract review is about spotting risks, not just fine print. Rushing it can be costly—how do you ensure it’s done right?

Reviewing contracts is an important task for any business. Whether it's for a new partnership, a purchase, or hiring someone, checking the details of a contract is essential. But contract review can often be complicated and time-consuming. So, why is it such a challenge?

  1. Hard-to-Understand Language
    Contracts are often full of legal terms that are difficult for most people to understand. This legal language can make it hard to figure out what’s really being agreed upon, which can lead to confusion.
  2. Takes a Lot of Time
    Looking over a contract carefully takes a lot of time. It’s important to check every detail, but this can take hours, especially if the contract is long. Businesses often don’t have the time to review everything thoroughly, which can lead to mistakes.
  3. Mistakes from Human Error
    Even with the best intentions, it’s easy to make mistakes when reviewing a contract. You might miss something important or misunderstand a part of the agreement, which can cause problems later on.
  4. Risk of Missing Important Clauses
    Contracts can include important clauses that affect the entire deal. Without a proper review, these clauses can be overlooked, leading to serious issues down the road.

The Simple Solution

At Hexacode, we understand how tough contract review can be. That’s why we created the Hexacube Contract Reviewer.

How It Works:

  • AI-Powered Review: Hexacube uses AI to quickly go through contracts, pointing out key points and potential problems.
  • Easy-to-Understand Language: It helps translate complicated legal language into simple terms that everyone can understand.
  • Quick and Accurate: The AI works fast, saving time while making sure no details are missed.
  • Smart Alerts: It notifies you about important clauses or risks, so you can address them before finalizing the contract.

With Hexacube Contract Reviewer, you can be sure every contract is checked properly, saving time and avoiding mistakes.

Author

Qays Fauzi
Marketing at Hexacode

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