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LegalEase Tuned AI To The Language Of Law, Reviewed 2 Million Contract Clauses Precisely

The Client is a top-rated AI powered contract and legal document analytics company.

Challenge

Companies providing varied services have thousands of contracts with their customers, contractors, and employees to name a few.
  • The Client’s services offered include secure contract storage, and classification of contracts based on their various clauses.
  • They also help in identifying and analyzing keywords and terms in their customers’ contract repository with the use of Artificial Intelligence (AI).
    • To identify and analyze keywords, the Client’s AI needs to be taught the different contractual obligations and clauses used in a contract.
    • The Client’s AI needs to identify which contract runs for 2 years, and which one terminates at the end of 3 years. It needs to identify what the term clause in a contract looks like.
    • There are numerous clauses in a contract ranging from Assignment Rights, to use of Customer Data, that the AI needs to understand and differentiate.

Solution

  • LegalEase Solutions dedicated a team of Contract Law Review attorneys to review contracts based on the Client’s manual.
  • The manual outlined instructions from the Client’s customers on how each contract clause must be interpreted, with each contract varying greatly.
  • The LegalEase Solutions Contract Review Team reviewed various contract clauses including parties to the Contract, Assignment, Limitation of Liability, Autorenewal, Warranty, Indemnification, and Publicity.
  • The LegalEase Solutions team adhered to strict QC measures to ensure that reviews were error-free.
  • LegalEase Solutions reviewed the Client’s customers’ legacy contracts and contracts that their customers execute every day.
  • Legacy contracts are reviewed according to set timelines ranging from a few days to a few weeks, depending upon the volume of contracts.
  • Furthermore, it reviewed and delivered them within 24 hours.

Result

  • LegalEase Solutions helped the Client review close to 2 million contract clauses in over 500,000 contracts, for almost 70 of their customers.
  • The LegalEase Solutions team delivered the services in just 2.5 years.
  • Many of the terms that started out requiring human intelligence for interpretation are now reviewed by the Client’s AI.
  • For many clauses, the LegalEase Solutions team now validates the review done by the Client’s AI.