A framework agreement with four annexes is checked against a rule set of fourteen mandatory clauses.
The contract comes from document management; the rule set sits in product management as a checklist. The analyst reads from the beginning and ticks off what she finds. At the end she is left with the clauses she did not find, and for each one she has to go back into the text.
48pagesA framework agreement and four annexes for a leasing deal.
14mandatory clausesThe bank's rule set requires this many in every leasing contract.
2issuesThe notice period deviates, and the liability cap is missing altogether.
96pages readForty-eight on the first pass and forty-eight again, because two clauses were left without a reference.
Because each of the fourteen clauses gets a reference or a note on the first read, there is no second pass, and 50% of the review effort goes with it.
The 50% reduction in review effort is this agent's headline figure. The fourteen mandatory clauses and two issues are modelled on an ordinary leasing framework agreement; none of it was counted.