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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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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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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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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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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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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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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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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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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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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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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LegalReader

JANUARY 6, 2023

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

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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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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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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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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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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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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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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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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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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 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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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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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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LawSites

MARCH 5, 2024

One of the most talked-about legal technologies of the last few years is contract lifecycle management software. Instead of CLM systems, most companies are using document management systems to store and manage their contracts — systems such as SharePoint, Google Drive, local drives, or commercial DMS products. CLM adoption lags.

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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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Mondaq

JULY 6, 2022

When drafting the contract, there are a number of essential clauses that should be incorporated.

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Contract Drafting Lawyer Lawyers 74

LawVu

DECEMBER 5, 2023

There’s an untapped goldmine of legal data, metrics and insights sitting just below the surface of your daily legal work – contract lifecycle data. Contract lifecycle management is a central component of the in-house legal function, and a key point of convergence between legal and the wider business.

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Hoban Law Group

MAY 18, 2021

Nevertheless, businesses seeking to buy, sell, or merge with, another business will face common contract provisions and structures. Businesses undertaking a merger or acquisition should work with competent corporate attorneys or M&A attorneys to be sure their contract is comprehensive and protects their interests. Definitions.

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Cenza

SEPTEMBER 9, 2021

Contract Management often considered a back-end legal operation that has nothing to do with critical business impact, can be the most significant engine of an organization. If operational efficiencies need to be unlocked through contract intelligence, you need to follow a systematic approach to CLM implementation.

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LawSites

MARCH 30, 2023

BlackBoiler , a company whose AI-driven contract review software automatically reviews and redlines contract drafts using Microsoft Word’s Track Changes, is today releasing a new feature, ContextAI, that enhances the markup by showing the user the reason for every redline. The way it works is simple.

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