AI harnesses vast datasets and machine learning to dissect contractual terms with precision
By gaining insights into potential litigation outcomes, organisations can make more informed decisions, strategically navigating potential legal challenges
One of the most transformative features of AI in contract review will be its advisory capacity
In recent years, industries across the spectrum have felt the transformative impact of artificial intelligence. The transportation sector, for instance, is on the brink of a monumental shift with autonomous vehicles anticipated to outclass human drivers.
Similarly, the realm of legal documentation is poised for a game-changing revolution. In less than 18 months, we predict that every contract will be analyzed and reviewed by AI. Here’s why.
A contract is more than a mere aggregation of terms; it represents the foundation of countless professional relationships, establishing mutual rights, and responsibilities.
Similar to how autonomous vehicles combine sensors, data, and algorithms to navigate complex terrains, AI harnesses vast datasets and machine learning to dissect contractual terms with precision. This includes: