Review

Using Ivo Review, lawyers can create bespoke playbooks, develop clause libraries, compare clauses against historical contracts and external market datasets, and flag deviations from company standards.

Key Features & Functions include: 

Playbook Creation & Management
The platform enables the creation of structured, machine-readable playbooks that reflect internal legal positions. These playbooks guide contract review and are built from company-specific standards and prior agreements.

Clause Libraries & Fallback Positions
Users can define preferred clause language and configure standard and fallback provisions. The system incorporates these into redline recommendations where appropriate.

Clause Comparison & Benchmarking
Contract clauses can be compared against historical agreements and external market datasets to assess alignment with internal and market standards.

Deviation Detection During Redlining
The system flags deviations from company standards or market positions in real time as contracts are reviewed and redlined.

Topic-Level Risk Assessment
The platform evaluates contract provisions across specific legal topics, including limitation of liability, indemnity, and confidentiality, to support issue identification during review.

AI-Assisted Redlining in Microsoft Word
The tool operates within Microsoft Word, where it reads agreements and applies redline recommendations directly to the document based on playbooks and prior negotiation patterns.

Assistant-Driven Editing and Reporting
When used with the associated Assistant functionality, users can apply playbook-backed edits using natural language prompts and generate reports or summaries directly within Word.

Review Mode Configuration (First-Party vs Third-Party)
The system allows users to adjust review logic depending on whether reviewing counterparty paper or counterparty redlines.

Document Quality Checks (“Tidy-up”)
Includes functionality to identify and correct inconsistencies such as headings, defined terms, and structural issues within agreements.

Using Ivo Review alongside Ivo Assistant provides legal teams with the ability to redline and query contract data and develop reports.