Extract key commercial terms from a signed contract into a deal-terms table
Key facts
- Human involvement
- GreenLawyer review
- How AI is used
- Extract the parties, dates, price, term, renewal, termination, liability cap, indemnity, assignment and change-of-control clauses from the signed contract into a table, and flag any field the tool cannot read.
- What the lawyer must review
- Formal Opinion 512 says a lawyer who has tested a tool on a sample of contracts, by reading those contracts and comparing them with the summaries, need not re-read every page of a later set to verify the same kind of summary. Run that test on this form of contract before relying on the table. Read in the signed document any field the tool flags. Model Rule 1.6: do not put the contract into a tool that is not configured to keep client information confidential.
- Written for / version
- United States versionUS
Who does what
| Role | What they do |
|---|---|
| Assistance | Potential support includes extracting and organising information and preparing preliminary structure or wording. Confirm the tool’s capability and permitted scope. |
| Lawyer | Set the scope, verify the evidence, resolve exceptions and approve the final output for its intended use. |
Checklist
- Trace every relied-on figure to its source, confirm dates and assumptions, and independently recalculate totals or derived amounts.
- Review operative clauses in the complete document, including definitions, cross-references, schedules and inconsistencies with the instructions.
- Confirm that the actual tool, feature and processing terms permit use of this information, including access, retention, training and disclosure conditions.
- Confirm the output against the client’s instructions and the complete relevant source material, including omissions or contradictions.
- Resolve exceptions and record the responsible lawyer’s approval of the exact output and intended use.