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Contract analysis software brings many key benefits to any organization. One of the key benefits  is to improve the entire contract review process and easily integrate documents. Such software is fueled by the latest developments in artificial intelligence (AI) which allows you to automatically locate, extract, and review significant contract information in just minutes – something that previously  took hours. Not only does such software enhance visibility into your contracts, making it easy to get a speedy snapshot of important contract terms, but it can also quickly and intuitively respond to changes in law, terms, provisions, clauses, deadlines, and due…
Contract management enhanced by AI is already progressing by leaps and bounds . . . imagine what it will look like by 2025? Here, we’ll take a look at the changing nature of contract management software, examine its importance for service-based businesses, project managers and legal teams, and predict what it will look like in five years. AI’s Influence Artificial intelligence (AI) is an emerging technology that will continue to have a significant influence on contract management. Specifically, its potential to make organizations more efficient and to allow crucial data to be extracted more readily will take center stage. AI…
The Situation The Coronavirus, which has tragically spread quickly throughout the globe, is creating a new normal during this unusual time. Our economy is being tested with the cancellation of large events, travel restrictions, and some businesses having to temporarily shut their doors.  What is Force Majeure? Many have asked us about Force Majeure, the provision that defines occurrences that are outside and beyond the control of the parties (acts of God, war, famine, and plague), and allows relief for non-performance in the event that such an occurrence is triggered. Without a clause that includes pandemic or quarantine restrictions, there…