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Description
Spellbook is an AI-powered contract drafting, review, and negotiation platform developed for law firms and corporate legal departments. The software operates within Microsoft Word, allowing legal professionals to analyze and modify agreements without switching between applications. Its contract review functionality identifies potential risks, drafting inconsistencies, missing provisions, and terms that may conflict with a client's interests. Automated redlining tools generate suggested revisions and comments that attorneys can review, modify, and accept directly within their documents. Spellbook supports drafting individual clauses, complete agreements, and contract revisions using AI-generated text and existing legal precedents. Custom playbooks enable legal teams to establish standardized review instructions, preferred contractual language, and negotiation guidelines. Its market comparison capabilities evaluate contract terms against similar agreements using factors such as industry, jurisdiction, and transaction type. The platform also offers automated contract intake, a searchable agreement repository, and monitoring of renewal dates and emerging contractual risks. Spellbook provides integrations with Microsoft Word, Google Docs, Slack, and cloud storage services, along with enterprise security features including encryption, access controls, and audit capabilities.
Description
For over ten years, members of the Ultria Team have been implementing Practical Artificial Intelligence to enhance Information Governance for leading global enterprises. The development of Ultria's AI-driven approach to contract management emerged out of necessity, as some clients process over a million contract line items annually, while others look for assistance with supply chain risk assessments or analyzing customer orders during mergers and acquisitions. With the added pressure of a complex regulatory landscape and shifting geopolitical dynamics, the demand for high-quality metadata extraction, consistent clause matching, and risk assessment became critical, prompting the establishment of a distinct AI component. This component not only integrates seamlessly with Ultria's Contract Lifecycle Management (CLM) solution but is also designed to be utilized independently by organizations that may not yet have a CLM system in place. Ultria Orbit offers strategic flexibility in implementation, making it easier for companies to adapt to their specific needs and challenges in managing contracts effectively. Ultimately, this innovative solution empowers organizations to navigate the complexities of contract management with greater efficiency and accuracy.
API Access
Has API
No
API Access
Has API
No
Integrations
Microsoft Word
No
Pricing Details
No price information available.
Free Trial
No
Free Version
No
Pricing Details
No price information available.
Free Trial
No
Free Version
No
Deployment
Web-Based
Yes
On-Premises
No
iPhone App
No
iPad App
No
Android App
No
Windows
Yes
Mac
Yes
Linux
No
Chromebook
No
Deployment
Web-Based
Yes
On-Premises
No
iPhone App
No
iPad App
No
Android App
No
Windows
No
Mac
No
Linux
No
Chromebook
No
Customer Support
Business Hours
No
Live Rep (24/7)
No
Online Support
Yes
Customer Support
Business Hours
Yes
Live Rep (24/7)
No
Online Support
Yes
Types of Training
Training Docs
Yes
Webinars
No
Live Training (Online)
No
In Person
No
Types of Training
Training Docs
Yes
Webinars
No
Live Training (Online)
Yes
In Person
No
Vendor Details
Company Name
Spellbook
Founded
2018
Country
Canada
Website
spellbook.com
Vendor Details
Company Name
Ultria
Country
United States
Website
ultria.com/products/artificial-intelligence-powered-contract-management-ultria-orbit/