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AI Contract review
The review of received contract proposals may require considerable time and resources. A key issue is which elements of the contract that can be accepted, and which elements should be negotiated. We provide our clients with an AI contract review tool, which can be up to 90 percent more efficient than a manual review.
Contract review by means of artificial intelligence
Our AI tool can review the contract and generate a report listing any deviations within a few minutes. You get an overall compliance score for the contract, and a recommendation as to which elements you should check against applicable regulations and best practice.
Our lawyers have tested the tool extensively, and their feedback has subsequently been embedded in the tool. Their expertise is vital to ensure that the key elements of the relevant contract are considered. The result is an accurate and efficient contract review tool, which reflects applicable regulations and best practice.
We provide contract review of data processing agreements (DPA) and non-disclosure agreements (NDA).
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Upload your contract
For DPAs, you can choose whether the tool should review the contract from the perspective of a data controller or a data processor
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Contract review
The tool will in a few minutes generate a report listing any deviations, and a recommendation as to which elements you should examine more closely
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Download report
The report can be downloaded and shared, for example with colleagues or others involved in contract negotiations
Our collaboration partner - Maigon
Thommessen collaborates with the Legal Tech company Maigon, aiming to use artificial intelligence to make contract review more efficient. Maigon was established in Sweden in 2020, and Thommessen is the first law firm in Norway to make Maigon’s AI contract review tool available to clients.
Advantages of using our contract review tool
Time-savings
Our tool completes a full review of a 50-60-page contract in a couple of minutes. You get a recommendation as to what elements of the contract you should examine more closely, which means more efficient time usage. Using the tool will save up to 90 percent of the time that a lawyer would have needed to conduct the contract review.
Quality-assured by our lawyers
The contract review tool is based on applicable regulations and best practice. The technology focuses on what our lawyers consider to be the key elements of the relevant contract.
You can readily determine whether legal assistance is needed
The outcome of the contract review makes it easy for you to distinguish between contracts that can be approved internally in your organization, and contracts on which legal assistance may be needed.
