LawSites

MARCH 6, 2024

“Leveraging advanced algorithms and metadata, this synergy facilitates more accurate answers and boosts drafting efficiency, all while tapping into a legal team’s wealth of collective knowledge,” the company says.

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LawSites

JULY 15, 2021

now have direct access to Lawgood , a practice tool for drafting contracts and clauses using market standards. Wolters Kluwer says this provides “another important component to our comprehensive solution as it allows legal departments to create and update their contracts in-house effectively.”. Click image for animation.)

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ABA Journal

NOVEMBER 9, 2023

Two energy companies allege that Winston & Strawn bungled two intertwined contracts involving the purchase of Southern California oil and gas wells, leading the two…

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LawSites

MAY 10, 2023

Two months after raising $26 million in Series A funding, SpotDraft , a cloud-based contract lifecycle management platform for in-house legal teams, is today launching a deep integration with Microsoft Word that it says will simplify the contract drafting and review process for businesses of all sizes.

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LegalSifter

JULY 4, 2023

Explore the possibility of using AI to check contract compliance with a manual of style for contract drafting. Learn about the feasibility and limitations of this idea in this thought-provoking blog post by Ken Adams.

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OneLegal

OCTOBER 23, 2023

When it comes to writing contracts, clarity and conciseness rule the day. If you’re new to drafting contracts, here are some tips that will help you avoid some costly mistakes. The post Top attorney tips for how to write contracts and agreements appeared first on One Legal.

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LawSites

MARCH 21, 2024

Ai.law , a legal technology startup that uses artificial intelligence to generate litigation documents, has added a new module that will draft the complaint to initiate a lawsuit. The draft complaints include jurisdictional allegations, general allegations, claims with elements that are supported by facts, and a demand section.

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ABA Journal

MAY 17, 2023

A Massachusetts judge has refused to toss a $636 million malpractice lawsuit contending that a botched contract drafted by Proskauer Rose caused its client’s loss…

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LawSites

JULY 15, 2024

In a further expansion of the CoCounsel AI legal assistant it acquired last year through its purchase of Casetext, Thomson Reuters today unveiled CoCounsel Drafting, a document drafting tool that works within Microsoft Word and that leverages both the generative AI capabilities of CoCounsel and the practical content of Practical Law.

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LegalReader

APRIL 20, 2022

To ensure that a written contract is sound, it needs to be reviewed by legal counsel, and a written contract is a lot easier to enforce than a verbal contract.

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Contract Drafting Legal Legal 59

LawSites

JANUARY 31, 2024

TermScout , an AI contract review company, has launched a first-of-its-kind AI marketplace where lawyers and other contracting experts can build and sell their own contract review AIs, developed based on their unique expertise. In effect, users can get an expert review of a contract with just a few clicks.

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LawSites

MAY 15, 2023

A new company coming out of stealth today, The Contract Network , aims to “radically accelerate the time for contract negotiations” by providing an AI-powered collaboration platform that can be used by all parties to a transaction to more quickly “get to the point” in their negotiations. ” The redline rut.

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LawSites

MARCH 1, 2023

After all, this is the company that had already launched the powerful neural net search technology AllSearch and that had pioneered products such as Compose , to help lawyers draft litigation briefs, and, in 2016 , CARA, the first product to use AI to analyze briefs. Contract policy compliance. Extract data from contracts.

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LawSites

MAY 25, 2023

Spellbook , a company formerly known as Rally Legal , and whose product uses GPT-4 and other generative AI models to speed contract drafting and review directly within Microsoft Word, has raised $10.9 Spellbook was already the name of the AI contract drafting product the company launched last September.

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ABA Journal

APRIL 24, 2024

A professor at the William & Mary Law School was acting as a “friendly gentile” when he helped draft contracts to purchase unused leavened foodstuffs…

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Contract Law School Drafting Laws 72

LawSites

FEBRUARY 28, 2024

The contract review company LegalOn Technologies today released LegalOn Assistant , a generative AI chat interface that can answer questions about your contracts, draft clauses, summarize contract terms, and more. The company says that LegalOn Assistant is specially trained and tested for commercial contracting.

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LawTechnologyToday

DECEMBER 11, 2020

While a world free of lawyers will most likely never come to fruition (to many parties’ chagrin), new technology in the form of smart contracts is changing how legal matters are drafted. This data then informs the automated terms of a contract by posting results and accompanying proof to the blocks.

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Contract Legal Legal Technology 121

LegalSifter

MARCH 26, 2024

Contracts are the backbone of business relationships, outlining rights, obligations, and expectations between parties. Often, our attention is fixated on the initial stages of contract formation, from drafting to negotiation and signature.

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LawSites

MAY 24, 2024

LexIQ, an early-stage startup focused on using artificial intelligence to draft and review contracts in Microsoft Word, is today launching its waitlist for corporate legal departments and law firms interested in joining is beta program.

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LegalReader

JANUARY 6, 2023

Evisort AI Labs is pioneering new ways to draft and negotiate contracts with generative AI.

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Contract Drafting 105

LawSites

MARCH 1, 2023

Building on its acquisition last year of the contract lifecycle management (CLM) platform Parley Pro , LexisNexis is today announcing the integration of Parley Pro’s CLM capabilities to its cloud-based CounselLink enterprise legal management solution for corporate legal departments. Marking up a contract draft from within CounselLink.

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LawSites

JANUARY 9, 2024

Redlining is the bane of contract negotiations. All you are doing then is replacing the counterparty’s preferred language with your preferred language and bouncing it back to them, like a game of contracts Pong. Aligning Misalignments The new capability works within Agiloft’s Contract Assistant for Microsoft Word add-in.

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Contract Drafting Technology Legal 71

ABA Journal

JUNE 22, 2023

The ABA Journal is read by half of the nation's 1 million lawyers every month. It covers the trends, people and finances of the legal profession from Wall Street to Main Street to Pennsylvania Avenue.

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Drafting Contract Finance Lawyer 110

ClimateChange-ClimateLaw

SEPTEMBER 27, 2023

Today, the Sabin Center has published a best practices guide for negotiating and drafting Community Benefits Agreements (CBAs), as well as a database of 50 example CBAs from climate-related projects and other types of infrastructure.

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Drafting Contract Lawyer Lawyers 76

InHouseBlog

JANUARY 18, 2023

Landed an in-house counsel job that requires reviewing incoming contracts? A significant number of in-house counsel jobs involve contracting skills , and in many cases you are reviewing contracts developed by your counterparty rather than your own organization’s library of templates.

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Contract Drafting Lawyer Lawyers 77

LawSites

FEBRUARY 24, 2022

Is there a better way to train lawyers to draft and negotiate contracts? This former Tesla and BigLaw commercial contracts attorney is the founder of How to Contract , a learning platform that trains lawyers and professionals how to draft and negotiate contracts in the real world.

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Above The Law

JUNE 14, 2023

The post Artificial Intelligence Already Being Used In Transactional Drafting: An Interview With The CEO Of Spellbook appeared first on Above the Law. Spellbook recently announced $10.9 million in new funding from several major venture capital firms.

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Above The Law

FEBRUARY 9, 2023

Well, they already had it drafted. The post OAN Loses Breach Of Contract Case Against AT&T In CA, Refiles It In DC As Tort Suit appeared first on Above the Law. Don't want to waste a pleading.

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Tort Contract Drafting Laws 93

Attorney at Work

SEPTEMBER 7, 2022

Attorneys spend a lot of valuable time redlining and negotiating contracts. According to a recent poll , 91% of contract negotiators (myself included) use MS Word Track Changes to redline contracts. Because we didn’t receive formal training on how to use Word for redlining contracts. Probably not very many.

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Conflict of Laws

NOVEMBER 18, 2023

The recently published study titled ‘European Commercial Contract Law’, authored by Andrea Bertolini, addresses the theme of regulatory competition. It offers new policy recommendations to improve EU legal systems’ chances of being chosen as the law governing commercial contracts. Meanwhile, this endeavour implies a complex task.

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Contract Contract Law Laws Legal 69

Conflict of Laws

NOVEMBER 20, 2023

Posted by Marlene Wethmar-Lemmer This booklet contains the first draft of the envisaged African Principles on the Law Applicable to International Commercial Contracts. The regulation of private international law of contract is essential to the further development of the African Continental Free Trade Area.

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LawSites

AUGUST 18, 2023

Last May, I reported here on the emergence out of its stealth development phase of The Contract Network , whose goal is to “radically accelerate the time for contract negotiations” by providing an AI-powered collaboration platform that can be used by all parties to a transaction to more quickly “get to the point” in their negotiations.

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Contract Legal Legal Drafting 52

Blumberg

DECEMBER 21, 2021

Drafting a legal business contract is important to minimize risks and provide legal protection for both you and your company. Even so, these business contracts can be breached, causing stress and panic. A breach of contract can take on a variety of different forms in the business setting.

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Conflict of Laws

FEBRUARY 18, 2024

Therefore, our paper provides the first comparative global perspective of the enforcement of implied jurisdiction in international contracts. Factors such as previous interactions between contracting parties and trade usage in an industry are highly subjective.

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Contract Litigation Litigating Civil Law 72

Patently O

DECEMBER 13, 2022

The appellate court sided with Google, holding that the Copyright Act preempts a breach-of-contract claim because it is “equivalent to … exclusive rights within the general scope of copyright,” 17 U.S.C. § Other circuits have held that similar contracts are not preempted by the Copyright Act. Travel Sentry (eligibility).

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LawSites

MAY 5, 2022

Last year, I wrote about the launch of TermScout , a unique legal technology startup devoted to reviewing, rating and comparing contracts. The company cites a 2018 World Commerce and Contracting study that found that businesses spend an average of $6,900 reviewing even simple contracts. Benchmark Contracts.

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LawSites

JANUARY 12, 2022

It is extending the same AI that powers Analyze to the pre-signature stage, enabling AI-powered, first-pass contract review designed to help general counsel and legal teams automatically identify key clauses within contracts. Related: LawNext: With $40M Series B, LinkSquares CEO Sets Sights On The Impossible In Contracts Tech.

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