The contract hasn’t seen much formatting change in recent history, but advancements in automation, natural language processing and data handling technology are driving an evolution to the way it’s handled. Here are four ways technology has entered traditional contract work that could change its basic structure:
1. Document Creation
Because of their highly technical, boilerplate nature, contracts are very well suited for document generation tools. Startups have looked to provide automated contract creation tools that both benefit attorneys, who can then add and review specific legal features to a contract outline, and consumers, who typically don’t need contracts of the same complexity.
