Audience
Law Firms, In-house legal teams of mid-sized to large organizations
About ContractKen
What are the main use cases addressed by ContractKen?
1. Contract Review & Redlining: Leverages AI to identify, locate, explain, mitigate and redline edit key risks, ambiguous terms, missing clauses, etc. in the contract.
2. Integrate your Playbooks: Run drafts against your organization checklists or playbooks. Screen for terms / clauses which comply or deviate from approved standards and make a redline edit. Download the report within minutes.
3. Precedent based Drafting: Use your trusted precedents to create first drafts. Add instructions manually or upload term sheet, and let AI do the rest. Reduce time to first draft by up to 80%.
4. Formatting & Proof-Reading: Identify and navigate to all typical errors or oversight related to Defined Terms, Clause References, Money / Dates / To-do’s, etc., that creep in while the contract goes through multiple revisions / review cycles. This helps speed up the final check list work significantly.
Other Popular Alternatives & Related Software
Gatekeeper
Gatekeeper is a powerful, AI-driven contract management solution that gives businesses total control and visibility over their contract agreements
Gatekeeper helps its customers:
Reduce costs.
A clear line of sight of all contracts enables customers to identify wasted spend and areas for consolidation as well as actively managing all contract renewals.
Save time.
Automating contract processes using Gatekeeper’s workflow engine minimises manual effort and ensures agreed procedures are followed every time.
Mitigate risks.
Gatekeeper’s customers minimise their contract risk through effective categorisation and management as well as through establishing fully auditable records of all contract activity.
Realise agreed contract benefits.
Research shows that an average 50% of negotiated savings are never realised after a contract is signed. This is because of a lack of monitoring and oversight. Gatekeeper keeps customers on track.
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DraftOnce
DraftOnce is the only Contract Authoring tool designed to train users on your documents, your policies, your governance, and your processes while allowing even new users to produce correct, compliant documents. DraftOnce separates the contract preparer from the contract language. It allows users to answer questions about the purchase rather than worry about what clauses to pull from a library. And with each question as much or as little help as needed is right there. Even the best contracts people have told us that they can now produce a contract in less than 30 minutes, and before DraftOnce, it took them several days. Plus, reviewers can more rapidly proofread contracts, by first checking how the questions are answered, eliminating common bottlenecks. During setup, we capture your team’s expertise. The system provides users with as much guidance as they need so they learn while being fully productive.
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goHeather
goHeather is an AI-powered contract review platform that helps lawyers and businesses analyze and negotiate agreements faster. Users can upload a PDF or review directly in Microsoft Word. The system identifies key clauses, flags risks, summarizes obligations, and generates suggested redlines. goHeather is side-aware (buyer, seller, vendor, client, etc.) and jurisdiction-aware, adjusting its analysis to your position and governing law. It explains issues in plain language (e.g., indemnities, liability caps, confidentiality, payment terms, termination) and supports customizable playbooks so teams can enforce preferred clause language and negotiation guidelines. Review reports and redlined drafts can be exported and shared.
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VerifAI
VerifAI is a generative AI powered MS-Word add-in which helps save 15+ hours/week in contract review
HIGHLIGHTS
• Reduce contract review time from 3 hours to 3 minutes with an AI tailored for lawyers
• Save over $4,000 per month on contract reviews
• Spend 15 hours less every week on reviewing contracts
• Pick from our rich gallery of contract playbooks and review guides
CAPABILITIES
• Flag contract risks against your personalized review guidelines
• Choose from a gallery of contract review guides tailored to your industry and contract
• Suggest redlines tailored to your guidelines
• Ask open-ended questions to an AI ChatGPT, tailored specifically for lawyers
HOW IT WORKS
1. Sign up for free and install VerifAI as an Microsoft Word Add-In
2. Open a contract you want to review
3. Choose your contract playbook, or pick from our templates
4. Instantly review the contract against your playbook guidelines
Learn more
Pricing
Pricing Details:
Custom
Free Trial:
Free Trial available.
Integrations
Company Information
ContractKen
Founded: 2021
United States
www.contractken.com
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