Pre-Signature Contract Review Task

Context:
- It can precede the Post-Signature Contract Review Task.
- It can emphasize Contract Clarity, Contract Coherence, and Contract Adherence to Initial Discussions.
- It can involve Contract Term Verification, Contract Clause Verification, and Contract Stipulation Verification, to avoid legal disputes in the future.
- It can be crucial for Contract Stakeholders to confirm their understanding and agreement on all contract elements.
- It can be performed by a Contract Analyst.
- It can involve multiple revisions and iterations based on feedback from various Contract Stakeholders.
- It can (often) include collaborative discussions to address concerns or ambiguities.
- ...
Example(s):
- Checking for unfavorable clauses or hidden charges.
- Reviewing the termination clause or renewal terms.
- Ensuring compliance with relevant regulatory standards or industry norms.
- Validating alignment with initial contract negotiation outcomes.
- ...
Counter-Example(s):
- Post-Signature Contract Review Task: Reviewing contracts after they have been executed or signed.
See: Contract Drafting Task, Legal Contract Review Task, Contract Execution, Legal Professional, Contract Review System.

References

(Faulconbridge et al., 2023) ⇒ J. Faulconbridge, A. Sarwar, ... (2023). "How Professionals Adapt to Artificial Intelligence: The Role of Intertwined Boundary Work.” In: Journal of Management …, Wiley Online Library.
- QUOTE: “… 'All the other AI solutions, whether that’s in e-discovery, M&A, due diligence or even contract review, we’ll review large amounts of data for you and technologists summarize it but it ...”
- NOTE: Explores how professionals adapt to the integration of AI in various work processes, including contract review.

(Antos et al., 2021) ⇒ A. Antos, N. Nadhamuni. (2021). "Practical Guide to Artificial Intelligence and Contract Review.” In: Research Handbook on Big Data Law.
- QUOTE: “… of this technology for M&A post-merger contract review at scale when one of our clients ... In this application, automation saved approximately 6300 hours of contract review, identified ...”
- NOTE: Discusses the application of AI technology in contract review processes.

(Waisberg et al., 2021) ⇒ N. Waisberg, A. Hudek. (2021). "AI for Lawyers: How Artificial Intelligence is Adding Value, Amplifying Expertise, and Transforming Careers.”
- QUOTE: “… Over our years in and around due diligence contract review, we have heard lots of suggestions on non-AI-ways to do the work faster. You could do a keyword search (ctrl-f) for relevant ...”
- NOTE: Analyzes the impact of AI on legal professions and provides insights into how AI can enhance efficiency in contract review.