Contract Review

Are your legal teams bogged down in contract reviews? AI analyses legal documents for key terms, risks, and obligations, improving efficiency and accuracy.

The Challenge

Time-consuming manual contract review.
Risk of missing critical clauses or obligations.
Inconsistent contract terms across different agreements.
High legal costs associated with contract review.

How AI Helps

AI can automatically identify key clauses and obligations.
AI can assess contract risk based on pre-defined criteria.
AI can ensure compliance with legal and regulatory requirements.

Examples

Risk Identification: Uncovers unfavourable terms and clauses within seconds.
Obligation Tracking: Ensures adherence to deadlines and contractual commitments.
Compliance Verification: Guarantees alignment with industry regulations and internal policies.
Data Extraction: Accurately pulls key data points for reporting and analysis.
Template Standardisation: Enforces consistency across all contract types.
Due Diligence Acceleration: Expedites mergers and acquisitions with rapid contract assessments.
Negotiation Support: Provides data-driven insights for stronger negotiating positions.

Human vs AI: A Clear Advantage

Challenge	Human-Led Contract Review	AI-Powered Contract Review
Speed	Slow and labour-intensive.	Significantly faster, reducing review time by up to 80%.
Accuracy	Prone to human error and oversight.	Minimises errors and ensures consistent analysis.
Cost	High legal costs.	Reduces legal costs by automating routine tasks.
Scalability	Difficult to scale to meet increasing contract volumes.	Easily scales to handle fluctuations in contract volume.
Risk Management	Relies on individual expertise and judgment.	Provides objective and data-driven risk assessment.
Compliance	Requires ongoing training and monitoring to ensure compliance.	Automates compliance checks and ensures adherence to regulations.

Is This For You?

You're spending too much time on contract review.
You're concerned about contract risk and compliance.
You want to reduce legal costs.
You need to improve contract consistency.
You are looking for ways to accelerate deal closure.

Key Questions to Explore

How can we leverage AI to proactively mitigate contract risk across our organisation?
What opportunities exist to streamline our contract lifecycle from creation to execution?
How can we use AI to improve collaboration between our legal and business teams?
How can we ensure the responsible and ethical use of AI in our contract review processes?
How can we integrate AI contract review with our existing document management systems?