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In addition to traditional contracts, Ironclad supports clickwrap agreement tracking. [3] Ironclad also allows legal teams to use AI to automatically scan contracts to extract key legal terms and assist lawyers with contract redlining, [4] [5] [6] which is built using an integration with OpenAI's GPT-3 and GPT-4 large language models.
"We build our AI models using publicly available data, in a manner protected by fair use and related principles, and supported by long-standing and widely accepted legal precedents," OpenAI said ...
The subtle art of negotiating might be ready for a digital revolution. And the arrival of artificial intelligence in contract talks could lead to a major reworking of supply chains — helping ...
Several agencies within the DoD, from The Air Force to various Intelligence groups, are actively testing out use cases for AI models and tools from Meta, Google, OpenAI, Anthropic, and Mistral ...
Smart legal contracts are distinct from smart contracts. As mentioned above, a smart contract is not necessarily legally enforceable as a contract. On the other hand, a smart legal contract has all the elements of a legally enforceable contract in the jurisdiction in which it can be enforced and it can be enforced by a court or tribunal.
Authors create a contract template using bracket-based markups to specify conditional text and variable fields for us in their customized templates. Once published, other users can then manipulate the document using a pre-defined questionnaire to apply client specific details and preferences.
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