Kira’s state-of-the-art machine learning technology automatically identifies and extracts information from contracts and comes with over 900 built-in provision models. Our team of lawyers trains Kira to automatically find provisions by giving it sample language of that provision culled from publicly filed agreements. Once Kira has sufficient examples of a provision, it can find that provision in new agreements imported into it. Recently, we used Kira’s machine learning technology to conduct an M&A Deal Points Study, specifically on Non-Competition Provisions.
This study summarizes our findings on the applicability of non-competition provisions in different types of M&A transactions.
- Prevalence of non-competition provisions
- Variation in non-competition provisions; and
- The association between non-competition provisions and the type of selling entity
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