Binadox License Analyzer
Binadox provides an automated license analyzer tool that enables you to swiftly and easily gather insights into your company’s contracts. This tool offers advanced license automation, ensuring that complicated license metrics are correctly calculated. Binadox License Analyzer provides a comprehensive suite of features that helps organizations facilitate complex business processes such as contract negotiations and streamline license reviews. Such automation of processes result in productivity boost, reduced spend, and improved security.
Supported Input Formats
Binadox License Analyzer supports a variety of input formats, including PDF, Microsoft Word, Text, HTML, ODS and other regular formats.
• The maximum size of a file you can submit to the License Analyzer is 50 MB.
• License Analyzer supports programmatic PDF files. Scanned PDF files are not supported. Secure PDFs, which require a password to open, and restrictive PDF files, that require a password to edit, are also not supported.
• Microsoft Word includes the following file formats: DOC and DOCX.
• Text (TXT) format supports plain (ASCII) text files.
Supported Document Types
Binadox License Analyzer supports the following document types:
• End User License Agreement – EULA.
• Terms of Services – ToS.
• Software License Agreement – SLA.
Table of Contents
Use Binadox License Analyzer to create a table of contents. Make complex licenses simple to access and easy to search.
To create a table of contents, Binadox analyzes the structure of your submitted document. Binadox License Analyzer outlines chapters (i.e. disclaimer of warranty, communications, etc.) and sub-chapters, if any exist. Hence, a Binadox user can easily navigate throughout chapters in a document. Binadox License Analyzer uses machine learning algorithms to indicate chapters and sub-chapters.
Legal Definition Highlights
Binadox License Analyzer identifies and highlights important legal definitions that are used throughout a license. Binadox users can access these definitions and understand contract terms any time with just one click.
Paragraph Classification by Legal Topics
License Analyzer provides paragraph classification to identify legal topics and understand the exact terms of a license agreement. These legal topics also help you navigate the related text in your contract.
If your document doesn’t have any chapters or sub-chapters, you can use the paragraph classification feature to understand what is going on in a specific paragraph. Binadox outlines a legal topic of each paragraph. Currently, a list of possible legal topic is predefined.
The Binadox License Analyzer tool creates summaries of each chapter. These summaries contain from 5 to 10 critical sentences. License Analyzer allows Binadox users understand crucial terms and main ideas of a specific chapter.
Licensee and Licensor Clauses
Binadox License Analyzer allows businesses to visualize the rights and obligations as a contract licensee or licensor. The tool requires just a few seconds what would take consultants or other license management solutions weeks or even months. License Analyzer parses licensee and licensor clauses, with no need to work in external spreadsheet files.
Through the smart and simple interface, you can view what each side can, cannot, and must do. For instance, if your document contains a sentence like “Licensee must not deliver the source code to third-parties.”, you can find this critical term in the “Must Do” section under the “Licensee” tab.
Machine Learning and NLP algorithms
The License Analyzer tool is designed to automatically solve any challenges related to your software licensing as accurate and fast as possible. Binadox License Analyzer is based on machine learning and Natural Language Processing (NLP) algorithms.