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features
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support

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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 

Screenshots View All

Screenshots View All

Integrations

Microsoft Word Yes 

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/

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