OpenAgree vs ThoughtRiver

OpenAgree is a cloud platform for drafting, negotiating, and executing agreements, available on the web. Users describe an agreement in everyday language, and the platform turns it into a legally structured contract. Its negotiation engine analyzes proposed changes and suggests compromises; automated risk assessment evaluates terms in real time. OpenAgree also tracks milestones, manages payments, and sends status updates and notifications through an agreement's lifecycle. Integrated digital signatures include validation, and the platform states that it checks legal compliance in real time. The first two contracts or agreements are free, with no credit card required. Light Agreements are aimed at freelancers and small projects: creating an agreement costs $1, an AI change proposal $5, and milestone tracking $2. For Business covers complex agreements and lists advanced AI negotiation and analytics and reporting; creating a contract costs $5, an AI change proposal $10, and milestone tracking $3. The site displays SOC 2 Type II and GDPR Compliant badges. OpenAgree offers a free plan and a free trial.

ThoughtRiver is an AI contract review tool for agreements reviewed before or after signing. Its Lexible LLM flags issues, obligations, and risks, while Playbooks check contracts against preset criteria and show which provisions are met or unmet. Teams can generate review output or redlines, and generative editing is designed to follow drafting style and negotiation guidelines. Contracts can be submitted by email, drag and drop, or the Word add-in; the platform works inside Outlook, Word, and Teams. Listed integrations include Microsoft 365, Power BI, HighQ, and iManage, and ThoughtRiver provides a public API following the OpenAPI Specification. It focuses on in-house teams and law firms processing over 200 agreements per year, while also supporting non-legal teams. ThoughtRiver lists no free plan and a 28-day trial. Monthly plans are 6.00 USD, 14.00 USD, and $49 a month; Professional starts at £15,000 a year and Enterprise at £30,000 a year.