What is Contract AI?
Contract AI is a proprietary software platform that combines AI and natural language processing expertise summarizing and analyzing complex contract documents while enhancing accuracy and compliance. Contract AI makes it easier for buyers, sellers and agents to gain a better understanding of contracts.
Contract AI Makes Understanding Contracts Easy
Document Preparation and Analysis
- Scanning and Converting: Initially, Contract AI scans the PDF file. If the document isn't searchable, it employs Optical Character Recognition (OCR) to digitize and make it searchable.
- Protection of Sensitive Information: Contract AI carefully protects any sensitive private information to maintain confidentiality. None your contract documents will be used to train public AI models.
Comprehensive Summarization
- Diverse Contracts: Contract AI adeptly summarizes your contract documents, including purchase and sale agreements, lease agreements, construction contracts/proposals, solar energy contracts/proposals and executive dossiers.
- Detail-Oriented Summaries: The Contract AI platform will produce a concise yet detailed summary highlighting key elements such as payment terms, prices, effective dates, parties involved, life cycle costs, and other critical Information.
Error, Risk, and Compliance Detection
- Clause Analysis and Risk Assessment: Through the in-depth clause analysis, Contract AI assesses risks, helping professionals to spot any non-standard clauses or deviations from legal standards.
- Problem Identification and Suggestions: Contract AI identifies potential issues, flags them, and offers recommendations for improvement.
Interactive Engagement
- Answering Queries: Contract AI is equipped to respond and answer questions regarding the document, enhancing user experience.
Efficient Data Management and Accessibility
- Easy Access to Summaries and Analysis: Users can download or email summaries and key analysis points directly to clients and vendors..
- Searchable Vector Database: This powerful tool is a searchable database allowing users to locate any document swiftly, saving valuable time.