Transactency

Transactency is a contract negotiation platform that revolutionizes deal-making by providing a shared playbook for all parties involved. It structures agreements around predefined playbooks, distinguishing standard terms from negotiable "flex" terms, and maps common market positions within each negotiable area, presenting structured options for selection. This approach eliminates traditional redlines by allowing counterproposals within the shared system, reducing reliance on document markups and version exchanges. Both parties use the same interface, ensuring mutual transparency and trust throughout the negotiation process. Founded in 2016 and headquartered in Chicago, Illinois, Transactency has filed patents related to contract law, data management, and natural language processing.