Document review
Legal research memos
Deposition preparation
Contract analysis
Automated contract revision
Critical document identification
Key information extraction
Thorough deposition outlines
Harvey, LinkSquares, Keychain, Robin AI, Agree.com, BetterLegal, Your Personal AI, Zuva, BRYTER Extract | AI for Legal, Outlit 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. | |
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. | |
Harvey | Tailored personal assistant for complex tasks | To use Harvey, simply request a demo to explore its features or access the platform directly, then leverage the tools provided to optimize your professional workflows. | |
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). | |
LinkSquares | Contract Lifecycle Management | Legal teams can streamline their contracting process, organize and search contracts efficiently using AI, simplify negotiations, and centralize all legal work with LinkSquares. | |
Keychain | Visit keychain.com to sign up for a free account. | ||
Robin AI | Draft contracts in minutes | Fly through your contracts with Robin AI | |
Luminance | AI-driven contract generation and negotiation |
Basic $99/month Includes basic contract generation and negotiation features
| Luminance uses AI to automate contract generation, negotiation, and analysis. It also offers a chatbot for legal Q&A and automated redrafting, as well as business-wide contract automation. |
Agree.com | AI-powered workflows for contract creation | Visit Agree.com, create an account, upload your contract, and utilize the AI tools for signing and payment processing. |
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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.