Definely Contract Review Platform
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A Definely Contract Review Platform is a UK-based contract review 3rd-party platform by Definely Corp., designed to streamline the contract drafting and review process using AI technology.
- Context:
- It can (often) automate the process of identifying and reviewing key contract clauses, enabling users to access and amend specific sections without navigating through the entire document.
- It can (often) cater to law firms and corporate legal departments by improving efficiency in contract management, allowing teams to collaborate seamlessly on complex legal agreements.
- It can offer features such as **clause identification**, **contract drafting assistance**, and **contract analysis**, leveraging machine learning to recommend optimal legal language based on past transactions.
- It can serve large international clients, including Deloitte, Allen & Overy, and Dentons, offering them the ability to draft and review contracts more efficiently.
- It can integrate AI-driven functionalities that help speed up the drafting and review process while maintaining legal accuracy and compliance.
- It can be used in conjunction with tools that simplify contract navigation, particularly helpful for reducing the time required to sift through complex legal documents.
- It can accelerate contract workflows for both large firms and small legal teams by providing easy-to-use interfaces that streamline legal editing and reviewing.
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- Example(s):
- Definely Contract Review Platform, 2024: Expanded with new AI features, including the Vault tool, which uses large language models to extract relevant clauses and create a taxonomy from a company’s entire contract repository. This year also saw significant growth in their user base and further integration of AI-driven contract drafting and proofreading
- Definely Contract Review Platform, 2023: Ranked in the Deloitte UK Technology Fast50, Definely continued its rapid expansion into global markets, focusing on enhancing productivity with tools like Definely Draft, which allows real-time contract editing without losing context.
- Definely Contract Review Platform, 2022: Gained attention for its unique Microsoft Word plugin, enabling seamless integration into lawyers’ existing workflows and making contract drafting and review more efficient. The platform provided AI-powered solutions for automating proofreading and clause identification
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- Counter-Example(s):
- See: Contract Review System, AI Contract Review, Legal Technology, Contract Management System