Document review
Legal research memos
Deposition preparation
Contract analysis
Automated contract revision
Critical document identification
Key information extraction
Thorough deposition outlines
BetterLegal, Docugami, Robin AI, My Pocket Lawyer, Layman Law, Contractify, Lease Lens, Screens, Contractee, docu.review are the best paid / free AI Contract Management tools.
AI Contract Management is a technology system that combines Artificial Intelligence (AI) and Contract Management to automate and streamline the complex process of managing contracts. The system aids in the creation, execution, and analysis of contracts, offering rapid, efficient, and accurate solutions to contractual concerns.
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Casetext | Document review | To use CoCounsel, legal professionals can sign up for a free trial on the Casetext website. Once registered, they can access and utilize CoCounsel's features by entering specific issues or questions related to their legal cases or documents. CoCounsel will then generate comprehensive answers with supporting sources in a matter of minutes. Users can also upload contracts or documents for CoCounsel to review and provide insights on relevant clauses, conflicts, and risks. | |
Dropbox Sign | Sign documents online | To use Dropbox Sign, simply create an account and start preparing, sending, signing, and tracking your agreements effortlessly. | |
Spellbook - AI Contract Drafting & Review | Instantly suggest language for contracts based on contextual analysis | To use Spellbook, legal professionals can sign up for early access on the website. Once onboarded, users can integrate Spellbook into Microsoft Word. They can then open their contracts in Word and utilize Spellbook's AI capabilities to suggest language, draft new clauses, detect aggressive terms, identify missing clauses and definitions, provide negotiation suggestions, and automatically detect pressing issues in data rooms (coming soon). | |
Filevine | Case Management: Easily manage cases, matters, investigations, and projects within one platform. | To use Filevine, start by signing up for a demo and getting familiar with the platform. Once you have access, you can create cases, manage tasks, collaborate on documents, track leads, manage contracts, generate reports, and automate various legal processes. Filevine provides a user-friendly interface and offers integrations with other tools to enhance productivity. | |
BetterLegal | The core features of BetterLegal include: | To use BetterLegal, simply visit their website and provide the necessary information about your business. Select the State in which you want to establish your LLC or Corporation. Pay the required fees, and BetterLegal will take care of the rest, ensuring your business is set up properly and legally. | |
AXDRAFT Contract Management System | Document Automation | To use AXDRAFT, simply provide the documents you want automated and answer a few questions. The platform will handle the rest, including analyzing the documents for patterns, creating custom workflows, and ensuring corporate requirements are fulfilled. | |
Docugami | AI-powered data extraction | To use Docugami, simply upload and organize your documents. The software will analyze and unlock the data in your documents, allowing you to author and conceptualize new documents, automate processes, and visualize insights. It works with your familiar tools and requires no complex setup. | |
Wethos | Proposals | Confidently create professional proposals, seamlessly get paid, and work with others using an intuitive, modern approach. Freelancers, creative studios, and agencies' operational co-pilot are on Wethos. | |
Legalese Decoder | The core features of Legalese Decoder include: 1. AI-powered analysis: The app uses AI, NLP, and ML techniques to analyze legal documents and identify key terms and concepts. 2. Plain language translation: It provides definitions and explanations for legal terms and rephrases the document in plain language. 3. Document structure analysis: The app analyzes the structure and content of the document to ensure accurate translations. 4. Database of legal definitions: Legalese Decoder utilizes a database of legal definitions and explanations to provide accurate and reliable translations. |
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| To use Legalese Decoder, simply upload a legal document on the web app. The app will then analyze the document using AI and NLP techniques to identify key terms and concepts. It will provide definitions for these terms in plain language and rephrase the document using simpler, more easily understandable language. The plain language version of the document is then displayed for the user to review. |
Zefort | Sign contracts electronically with Zefort Sign | To use Zefort, simply sign up for an account and log in. You can then start uploading your contracts to the platform by emailing them or using the web dashboard. Zefort automatically extracts contract metadata and creates a full-text index for easy search. You can sign contracts using Zefort Sign, which provides a convenient signing experience. The platform also offers automation features like reminders for contract renewal dates. You can manage all your contracts and obligations in one secure repository. |
AI Contract Management is suitable for any individuals or organizations who handle contracts regularly. These could include legal departments in corporations, law firms, contract management teams in businesses, and procurement departments in government and non-government organizations.
AI Contract Management works by using machine learning algorithms to understand and manage the different aspects of contracts. It takes the input contract details, analyzes them with AI algorithms for any risks or opportunities, and provides useful insights, alerts and suggestions. It also automates many manual tasks, such as tracking contract deadlines and sending reminders.
AI Contract Management provides multiple advantages such as high efficiency due to automation, reduced errors and oversights, speedier contract processing, the ability to handle large volumes of contracts and increased visibility over all contracts to aid decision making.