Contract Review & Analysis

Contract review and analysis solutions rapidly categorize executed or third-party contracts and identify and extract clauses or discrete data points across large volumes of documents. These tools use machine learning and natural language processing to extract pre-defined data points such as reviewing thousands of commercial leases to summarize the tenant, landlord, property address, rent, expiry date, and termination clause for each. Where a datapoint isn't already pre-trained into the system, most tools allow users to train the algorithm on their own examples to build custom extraction models; the amount of training required varies significantly by vendor and underlying technology. Common use cases include M&A due diligence, contract repository analytics, and ad hoc review to support negotiation or client advice. Generative AI has accelerated this category significantly, enabling natural-language querying across document sets, tabular data extraction from bulk uploads, and review at a scale and speed not previously possible with earlier machine-learning approaches alone.