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❯Legal - Contract Analysis
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Legal - Contract Analysis
Large Companies
Small Companies
Legal - Contract Analysis
For:
Legal Associates and Paralegals.Goal:
Improved Employee Efficiency, Reduce costs, Improve Operation EfficiencyProblem addressed
Reviewing contracts to ensure that they conform with internally agreed preferred terms is a resource intensive task, especially when contracts vary in type (e.g. supplier vs customer), language, and are stored across disparate internal storage systems.
The challenge is to identify similar clauses with only minor deviations in wording and flag them for review agnostic of language and legal jurisdiction
Scope of use case
Using natural language processing to aid contract analysis by creating efficiencies for reviewers.
Text
AI: Perceive
NLP
AI: Understand
Automate Process
Optimize
Retrieve Information
AI: Act