{"id":114919,"date":"2025-04-15T06:02:30","date_gmt":"2025-04-15T14:02:30","guid":{"rendered":"https:\/\/xira.com\/p\/2025\/04\/15\/olga-mack-named-ceo-of-termscout-to-lead-its-development-of-ai-driven-certified-contracts\/"},"modified":"2025-04-15T06:02:30","modified_gmt":"2025-04-15T14:02:30","slug":"olga-mack-named-ceo-of-termscout-to-lead-its-development-of-ai-driven-certified-contracts","status":"publish","type":"post","link":"https:\/\/xira.com\/p\/2025\/04\/15\/olga-mack-named-ceo-of-termscout-to-lead-its-development-of-ai-driven-certified-contracts\/","title":{"rendered":"Olga Mack Named CEO of TermScout to Lead Its Development Of AI-Driven \u2018Certified Contracts\u2019"},"content":{"rendered":"

TermScout, a company that uses technology to certify contracts as fair by verifying them against market standards, has named Olga V. Mack as chief executive officer. Mack succeeds Otto Hanson, who remains on the company\u2019s board after joining Agiloft in January. Mack is the former CEO and chairwoman of contract lifecycle management company Parley Pro, [\u2026]<\/p>\n

TermScout<\/a>, a company that uses technology to certify contracts as fair by verifying them against market standards, has named Olga V. Mack<\/a> as chief executive officer. Mack succeeds Otto Hanson<\/a>, who remains on the company\u2019s board after joining Agiloft in January<\/a>.<\/p>\n

Mack is the former CEO and chairwoman of contract lifecycle management company Parley Pro, which LexisNexis acquired in 2022 and developed into the product CounselLink CLM. Mack remained with LexisNexis until 2024 as vice president and CEO of CounselLink.<\/p>\n

A frequent speaker and writer on legal technology, Mack is a fellow at CodeX, the Stanford Center for Legal Information; the gen AI editor of the MIT Computational Law Report; a regulator contributor to Above the Law; and technology columnist for Docket, the publication of the Association of Corporate Counsel.<\/p>\n

At TermScout, Mack will be leading the company\u2019s initiative to define what it calls a new product category: certified contracts. The idea is for legal professionals and business executives to avoid bottlenecks and delays in negotiations by having contracts independently pre-certified as fair based on industry benchmarks.<\/p>\n

\u201cContracts should accelerate business, not slow it down,\u201d Mack said. \u201cCompanies spend millions optimizing their sales, finance, and operations \u2014 yet contracts remain a major bottleneck. TermScout is fixing this by certifying contracts upfront, removing unnecessary friction, and creating a new era of trusted, revenue-driving agreements \u2014 contracts that close themselves.\u201d<\/p>\n

TermScout launched in 2021<\/a> as a company to review, rate and compare the software contracts of leading business-to-business companies so that software buyers could better understand what they were being asked to sign.<\/p>\n

In 2022, it raised a $5 million seed round<\/a> and expanded with the launch of a product that allowed companies to benchmark their contracts against those of their competitors.<\/p>\n

Last year, it launched a first-of-its-kind marketplace<\/a>, called Screens, where lawyers and other contracts experts could build and sell their own contract review AIs.<\/p>\n

Screens spun off as a separate product that included contract review and redlining, which Agiloft acquired in January<\/a>, along with TermScout\u2019s founder and CEO Hanson.<\/p>\n

Certified Contracts<\/h3>\n

In an interview yesterday, Mack told me that her focus at TermScout will be on expanding its certification in order to remove the bottlenecks and friction in business-to-business contracting.<\/p>\n

TermScout\u2019s certification is designed to answer the two most important questions every buyer asks about a contract:<\/p>\n