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 ai contract review


Just Calling A Product 'Artificial Intelligence' Isn't Good Enough

#artificialintelligence

You wouldn't point to a banditry of chickadees -- yes, that's what they're called -- hanging out with a flock of ostriches and just say "look, a bunch of birds." It's technically true, of course, but one is an adorable passerine songbird and the other is basically a full-on velociraptor that really let itself go over the last 70 million years or so. Forget about how the ornithological eggheads parse birds little boxes, this is a distinction that even Jane Q. Public needs to be able to make at a glance because one of the two can absolutely kill you. So why are we still lumping different transactional tools under the "AI Contract Review" label? The companies themselves do it because buyers rarely cast a narrow net when researching a new product.


AI and Contracts

#artificialintelligence

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.