ContractIX by Intellext AI

ContractIX

by Intellext AI
  (Previously known as  KM Standards)

Acquired by Intellext on Jul 25, 2023


Overview

Contract Standards is a legal technology platform by KMStandards LLC that provides a suite of contract drafting and analysis tools. It serves legal teams, contract managers, and businesses, offering solutions designed to streamline contract drafting, review, and negotiation processes.

One of Contract Standards' core offerings is its extensive library of standardized contract clauses and templates, which users can leverage to accelerate contract drafting. Moreover, the platform offers a contract analysis tool that employs artificial intelligence to identify and extract key information from contracts, transforming complex contract language into structured, actionable data. This helps users to understand their contracts better, reduce the time spent on manual contract review, and make data-driven decisions.

Contract Standards has a dual focus on standardization and AI-driven contract analysis. The platform's library of standardized clauses and templates serves as a valuable resource for contract drafting, while its AI capabilities streamline the contract review process. Additionally, Contract Standards offers an interactive, user-friendly interface, making it accessible even to those without a legal background. 

Intellext and KMStandards announced their merger in July 2023, forming Intellext Global and combining KMStandards’ contract analysis technology with Intellext’s AI-driven negotiation tools. The merger unified the companies’ capabilities into a single platform aimed at improving contract drafting, negotiation efficiency, and compliance oversight. As part of this transition, the KMStandards product previously known as Contract Standards was rebranded as ContractIX by Intellext AI, reflecting its integration into the newly formed organization.

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HEADQUARTERS
US
LANGUAGES
English
OFFICES
US
YEAR FOUNDED
2005
REGIONS SERVED
North America
Areas of Use
TARGET AUDIENCE
Corporate Legal

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