AI and Contracts

Artificial Intelligence (AI) is changing the way law is being practiced. One of the areas where AI, and more specifically Machine Learning (ML) has been making great strides recently is contract review. The progress is not even limited to reviewing contracts: automated contract generation, negotiation, e-signing and management are fast becoming a reality. Using AI for contracts is the result of an ongoing evolution. Ever since lawyers started using word processors, they have tried to automate the process of creating contracts.