Clause Drafting with Contracts AI

If your company is like most companies, you frequently grapple with a substantial repository of historical contracts, which are inadequately organized and inaccessible. These challenges stem from several factors. Historical contracts are scattered across various departments and storage systems. Newer agreements are taking precedence in management systems, and business considerations are driving an escalating demand to address legacy contracts.

The solution lies in harnessing the power of generative AI to digitize these contracts and create comprehensive records that capture the essential fields and clauses they contain. Digitized data can serve various purposes, including expediting the creation of contract records by swiftly extracting crucial information. It helps eliminate the need for a full document review. It also helps you maintain a repository of contract clauses, enabling easy retrieval and reuse for crafting diverse contract versions or entirely new contracts. Furthermore, generative AI lets you extract valuable insights from contracts and effectively monitor them throughout their lifecycle.Contracts AI helps you to quickly:

Important Generative AI doesn’t support Clause Digital Experience users.

• Draft clauses based on user queries or by using parameters such as jurisdiction, involved party, industry or sector, and agreement classification.

• Add a clause or alternate clauses to existing clause sets.

• Enhance clause-generation precision by using the feedback feature. You can give a thumbs-up or thumbs-down rating.

• Modify or replace a clause content with clauses drafted by the generative AI.

• Draft Clauses with Contracts AI
  Use Contracts AI to draft legal clauses based on input parameters or user prompts. Automate clause drafting to reduce manual research and enhance consistency in language and format.
• Use Suggest More Option to Draft Clauses
  Instead of describing your clause, you can define parameters such as jurisdiction, industry, and other relevant factors to guide Contracts AI to draft accurate clauses.
• Add Clauses to Draft State or Clause Library
  After you are satisfied with the clause drafted by Contracts AI, you can move the clause to the draft state and save the clause to the clause library.
• Edit a Draft Clause
  Clause designers can edit the draft clause and then add the clause directly to the clause library. You can also delete the draft clause if they don’t want to add the clause to the clause library.
• Effective Ways to Provide Context for Contracts AI Clause Generation
  To enhance user experience and ensure accurate clause results, clause designers must consider specific parameters when entering their queries. The query elaboration is limited to a specific character count. Salesforce recommends implementing these parameters to streamline and improve the efficiency of the generative AI clause-drafting experience.
• Limitations for Contracts AI
  Generative AI sometimes produces clauses resembling user queries, encounters difficulties in detecting bias and irrelevant content, and lacks consistent adherence to standard clause formats.