Contract negotiation and drafting processes have become an appealing target for legal tech vendors looking for new spaces to leverage automated AI products. But entering this emerging market is no easy feat.
October 08, 2019 at 09:30 AM
1 minute read
The contract AI space has its targets set on a new emerging market, this one focused on the pre-execution stage of the contract development lifecycle—otherwise known as negotiation and drafting.
It’s an evolution based primarily upon old pain points. Contracts are filled to the brim with terms that today’s newest artificial intelligence-powered contract solutions can likely review with more expediency than the standard-issue human.
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