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Description
Advanced AI offers attorney-level negotiation capabilities with features such as multi-round review, automated redlining, fallback playbooks, approvals, and instructional support. This technology significantly reduces the timeframe from contract drafting to final signature, allowing negotiation reviews and markup processes to occur almost instantaneously. By expediting negotiation and deal timelines, it contributes to cost savings and enhances procurement workflows. Utilize data-driven insights to refine your review methods, effectively managing edge cases and incorporating feedback. Additionally, it minimizes risk by ensuring compliance through AI-driven adherence to both organizational and industry standards, as well as playbook protocols. LexCheck AI comes preloaded with established negotiation best practices for a variety of common contract types. Our dedicated team is available to help you customize it to align with your unique playbook guidelines using fewer than 24 training examples. This tailored approach ensures that your contract negotiation process is not only efficient but also highly effective in meeting your specific needs.
Description
VerifAI is an AI add-in for MS-Word. It saves 15 hours/week for lawyers when reviewing contracts.
HIGHLIGHTS
• Review a contract in 3 minutes instead of 3 hours with the latest AI technology for legal
• Save up to $4,088 per month with contract reviews
• Increase your revenue per employee by 5x in the legal department
Choose from our extensive collection of contract playbooks, guidelines and other documents.
CAPABILITIES
• Mark contract risks against the personalized guidelines you set
Choose from a selection of contract guidelines that are tailored to your industry or contract.
Please suggest redlines that are tailored to your guidelines
• Ask open-ended legal questions to a trained AI ChatGPT.
How it works
1. Install VerifAI for free as a Microsoft Add-In
2. Open the contract you wish to review
3. Choose from our templates or your own contract playbook.
4. Instantly compare the contract with your playbook guidelines
API Access
Has API
API Access
Has API
Integrations
Microsoft Word
Pricing Details
No price information available.
Free Trial
Free Version
Pricing Details
$60/month/user
Free Trial
Free Version
Deployment
Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook
Deployment
Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook
Customer Support
Business Hours
Live Rep (24/7)
Online Support
Customer Support
Business Hours
Live Rep (24/7)
Online Support
Types of Training
Training Docs
Webinars
Live Training (Online)
In Person
Types of Training
Training Docs
Webinars
Live Training (Online)
In Person
Vendor Details
Company Name
LexCheck
Founded
2015
Country
United States
Website
www.lexcheck.com
Vendor Details
Company Name
SpotDraft
Founded
2017
Country
United States
Website
spotdraft.com/verifai
Product Features
Contract Management
Buy Side (Suppliers)
Completion Tracking
Compliance Tracking
Contract Lifecycle Management
Electronic Signature
Full Text Search
Government Contracts
Pre-built Templates
Sell Side (Customers)
Specialty Contracts
Version Control
Workflow Management