Frequently Asked Questions

What are the benefits of using Transaction Expeditors’ software and redlining service?

There are many valuable benefits, including:

• Providing a risk management solution to help avoid expensive mistakes and potential “bet the company” lawsuits.
• Achieving greater accuracy, consistency, and efficiency.
• Speeding up and streamlining review (manual review time reduced by 30-90%), allowing a faster signature of contract.

What type of contracts does your service review?

TRANSPORTATION RISKID™ and TRANSPORTATION RISKID+™ review common transportation contract types, including:

• Shipper-Carrier Agreement – Shipper Perspective
• Shipper-Carrier Agreement – Carrier Perspective
• Broker-Shipper Agreement – Shipper Perspective
• Broker-Shipper Agreement – Broker Perspective
• Broker-Carrier Agreement – Broker Perspective
• Broker-Carrier Agreement – Carrier Perspective

TRANSPORTATION RISKID+™ may include access to other business-as-usual contracts, including:

• Leases
• General Terms and Conditions
• Hotel
• Software
• Confidentiality
• Goods
• Serivce
• Privacy and GDPR
• Business Associate

What contract provisions can your software identify?

TRANSPORTATION RISKID™ and TRANSPORTATION RISKID+™ identify and review dozens of business as usual and transportation-specific contract provisions including:

• Audits and Inspections of Books and Records
• Automatic Renewal
• Carmack Amendment
• Change of Control
• Claims for Loss or Damage to Cargo
• Confidential Information Definition
• Disputed Invoices
• Entire Agreement
• Events of Default
• Export Control
• Force Majeure
• Fuel Surcharge
• GDPR: Duration of Data Processing
• Governing Law
• Hazardous Materials
• Indemnification
• Insurance: Additional InsuredCarrier Authority
• Insurance Provisions
• Intellectual Property: Transfer
• Jurisdiction
• Leases: Base Rent Rate
• Leases: Utilities Responsibility
• Liquidated Damages
• No Soliciting Employees
• Payment Terms
• Rates
• Setoff
• Software: No Unlawful Use
• Software: Warranty of Function
• Term
• Termination
• Termination Assistance
• Title and Risk of LossAssignment or Transfer

How does your software meet my organization’s specific needs?

Our solutions are flexible—use them out of the box or customize them to meet your specific needs. We offer a solution and price point that works for all of our clients—from large, complex organizations that want a customized solution to small companies who want to use the product out of the box, our solutions are easy, cost-effective and targeted to your business. Our goal is to make your contracts easy!

Why are transportation industry contracts so vulnerable to risk?

Transportation contracts drive revenue but can be also create risk for your company. For example, the risk of not getting paid for your work or of being exposed to claims for which you are not insured. TRANSPORTATION RISKID™ and RISKID+™ help you identify contractual risk, understand revenue and make more informed business decisions. We have created a solution that makes reviewing these contracts easy and affordable.

How much will it cost my organization?

Transaction Expeditors’ services and software are surprisingly affordable. We have packed our offerings with deep industry expertise at a price that cannot be matched in the market. Our offerings save time and money and help you identify risk—all benefits that drop directly to your bottom line. Contact us today for a quote.