Contracting

RSS Link

Global outsourcer Integreon has entered into partnership with The Contract Network (TCN), which invites all parties to a transaction to collaborate on their platform using generative AI for the drafting, …
Integreon enters partnership with The Contract Network on ‘one-service-one-price’ gen AI contract offering Read More »
The post Integreon enters partnership with The Contract Network on ‘one-service-one-price’ gen AI …
Continue Reading Integreon enters partnership with The Contract Network on ‘one-service-one-price’ gen AI contract offering

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.
Notably, the new company…
Continue Reading The Contract Network Raises $8M To Fuel Its Mission To ‘Radically Accelerate’ Contract Negotiations

The Contract Network, an AI-powered contract collaboration platform, announced today (17 August) that it has raised $8M in seed funding. The round was led by Tusk Venture Partners, with participation …
The Contract Network raises $8m in seed funding from raft of high profile investors Read More »
The post The Contract Network raises $8m in seed funding from raft of high …
Continue Reading The Contract Network raises $8m in seed funding from raft of high profile investors

The Michigan State Law Review Forum has published my article titled “Displaying and Evidencing Contract Terms in a Post-Visual Era.” In this article, I explore the challenges that come with the increasing use of non-visual transactions, interfaces, and devices in today’s contracting landscape. I’ve been thinking about these issues from my days at Mastercard and appreciated the opportunity…
Continue Reading Displaying and Evidencing Contract Terms in a Post-Visual Era

When LexisNexis launched its Lexis+ premium legal research service in 2020, the service included Brief Analysis, its answer to a line of products pioneered by legal research company Casetext with its CARA brief analysis tool and followed by companies such as Thomson Reuters and Bloomberg Law. Last year, LexisNexis expanded that to add Judicial Brief Analysis, a tool that…
Continue Reading LexisNexis’s New ‘Agreement Analysis’ Uses AI To Help Transactional Lawyers Analyze And Revise Deal Clauses

LexisNexis® Legal & Professional is  announcing new document analysis tools  for transactional lawyers. space. The feature which is called “Agreement Analysis,” will streamline the manual tasks that accompany researching, negotiating, and finalizing transactional agreements.  The product currently supports M&A transactions, including merger, stock purchase and asset purchase agreements, with more transactions coming in future releases.

Agreement Analysis uses AI to extract and…
Continue Reading LexisNexis Adds Extractive AI Deal Analysis Tool to Lexis+

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

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 million to drive hiring, development and expansion.
The funding was led by Moxxie Ventures, with participation from Thomson Reuters Ventures, Inovia Capital, The LegalTech …
Continue Reading Spellbook, An ‘AI Copilot’ for Contract Drafting in Word, Raises $10.9M from Moxxie, Thomson Reuters, Others

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.
It is led by CEO Jim Wagner, who has a track record…
Continue Reading Aiming to ‘Radically Accelerate’ Contract Negotiations, ‘The Contract Network’ Comes Out Of Stealth Today, Led By Legal Tech Veteran