The benefits of AI-powered contract reviews extend beyond efficiency and accuracy. By ensuring contracts are sound from the outset, businesses can minimise potential disputes, fostering smoother professional relationships.
Moreover, by gaining insights into potential litigation outcomes, organisations can make more informed decisions, strategically navigating potential legal challenges.
Furthermore, as the business world becomes increasingly global, contracts often span multiple jurisdictions, each with its unique legal nuances. AI, with its data-driven capabilities, can ensure that contracts are compliant with the relevant local laws, mitigating cross-border legal risks.
Source: Inc42
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