Legal Document Firm Powers Client Relations With AI, Successfully Reviewing Contract Clauses

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.

LegalEase Solutions dedicated a team of Contract Law Review attorneys to review contracts based on the Client’s manual
The manual outlines instructions from the Client’s customers on how each contract clause must be interpreted, as each contract varies 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 the Client’s 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.
LegalEase Solutions reviewed and delivered the Client’s contracts in just 24 hours

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