NDA Automation: Get Better, Faster NDAs With the Help of Artificial Intelligence

Non-disclosure agreements (NDAs) are some of the most commonly drafted agreements at any company. While they may be common, however, that doesn't mean they're unimportant – in fact, they're critical to protecting a company's business strategies and trade secrets. Most companies use the same form NDA in almost every situation, changing only party names and the description of the confidential information involved, leaving the rest of the agreement to a series of standard terms. This means that, even though they're important, NDAs are very repetitive and routine in terms of drafting. Corporate legal departments have long been bogged down in routine contracts. Preparing NDAs can take up a significant amount of lawyers' time, taking them away from other important work that can bring more value to the organization.