ContractPodAi partners with PwC UK and TLB to bring standardized Data Processing Agreements (DPAs) to in-house legal teams through the ContractPodAi platform
LONDON–(BUSINESS WIRE)–ContractPodAithe award-winning provider of artificial intelligence, contract lifecycle management (CLM) product and “One Legal Platform”, today announced that oneDPA, a standardized open source data processing agreement (DPA), created in partnership with TLBPwC UK and the largest Claustack Community is now available for free via ContractPodAi here: https://contractpodai.com/onedpa/.
With ever-changing data protection regulations around the world, it is increasingly difficult and time-consuming for legal teams to keep up with the changes. In response, the Claustack community came together to create a standardized DPA that considers data protection laws in various jurisdictions to ensure it is globally applicable.
Speaking at oneDPA SteerCo, Darryl Chiang, Chief Legal Officer at Google, said, “I wanted to be part of the growing community of lawyers who champion open source contracts as the key to a better future where a wide range of companies can proactively agree to fair and frictionless terms to both comply with the law and move business forward.
As a result, oneDPA was created, reducing the time and cost that legal departments spend on DPAs.
“The importance of standardization within the legal industry should not be underestimated. Beyond the huge time and cost savings it brings, in the era of CLM, standardization goes hand in hand with legal technology to benefit the legal industry through greater optimization,” said Roisin Noonan, COO of TLB and co-founder of Claustack. .
Now anyone who needs to customize oneDPA can do so on the ContractPodAi platform in minutes. Thanks to the logic model of ContractPodAi, you will receive a oneDPA that meets your requirements and complies with regulations.
“Through this oneDPA initiative, we are providing customers with true standardization and technology enablement,” said Sarvarth Misra, CEO and co-founder of ContractPodAi. “Combining our award-winning CLM platform with the power of oneDPA’s standardized, peer-reviewed model will be a powerful tool for legal teams looking to drive automation, efficiency and reduce friction throughout the process. throughout the procurement process.
“Companies around the world are looking for the best way to comply with an influx of data privacy regulations, and thanks to oneDPA, based on the expertise and technology of TLB, ContractPodAi and PwC UK, legal teams can easily manage a high volume of these deals with automation guiding the entire process. This technology complements the overall intake, collaboration and resolution process, making it easier and simpler for teams to respond and comply with new regulations,” said Graham Edwards, PwC NewLaw – Senior Transformation Lead.
To learn more about oneDPA and this free offer on ContractPodAi, please visit https://contractpodai.com/create-onedpa/.
Learn more about the broader oneDPA initiative at Claustack.
Well-established as the leader in end-to-end contract lifecycle management, ContractPodAi harnesses AI for the biggest companies around the world. Now, the platform’s robust, intuitive, and easy-to-use capabilities have been extended to manage the entire end-to-end legal lifecycle – any use case, any document type. , any scenario. ContractPodAi’s “one-stop legal platform” makes it easier for legal teams to expedite issues and draft and review contracts so they can add more strategic value and proactively protect the business.
ContractPodAi Cloud amplifies your business readiness through our partnerships with complementary technology providers, including IBM, Microsoft, DocuSign, and Salesforce. ContractPodAi® is headquartered in London and has global offices in New York, Glasgow, Chicago, Sydney, Mumbai and Toronto. ContractPodAi has received multiple awards and was named a Visionary in the 2021 Gartner Magic Quadrant for Contract Lifecycle Management.
Learn more about ContractPodAi at: https://contractpodai.com