Our new AI Assist helps to provide legal teams better understanding and visibility into contracts.
LawVu AI Assist is a companion tool lawyers can use in their contract review process. The tool is capable of generating a summary of the contract and providing a comprehensive overview of its content.
While it’s not legal advice, it can help extract important details, including the parties involved, key dates, signatories, the scope of work/services, payment terms, liabilities, and warranties.
In this article :
Why use AI Assist?
Our powerful AI Assist automates the extraction of critical contract details and simplifies contract review processes.
Enhanced productivity: AI Assist frees up valuable time so you can focus on more important and strategic work by using extracted information as a starting point for your own legal review, helping reduce the consuming tasks of reading and analyzing contracts.
Contract analysis: AI Assist can rapidly analyze contracts and coupled with your legal advice, can aid businesses in making informed decisions more quickly.
24/7 availability: AI Assist is accessible 24/7, providing immediate support to customers and reducing the time it takes to receive a response.
How to use it
To access the AI Assist feature in a contract you're a member of, simply click on the AI Assist icon located in the top-right corner of your screen.
Select 'Quick questions' or type your question below. The Quick questions links to 4 pre-set questions :
You'll receive the answers to your questions for you to consider as part of your legal advice. You can also evaluate the accuracy and value of the response it provides by using the thumbs-up/down vote.
Use quick-copy to copy the response to the clipboard so you can easily capture or share the information.
The LawVu AI Assist for contracts has the ability to provide answers to multiple inquiries related to each of your contracts. Here are some examples:
Ask for a summary and get a high-level content overview
Use quick prompts to find out about parties involved, key dates, signatories, scope, work/services/payment terms, liabilities and warranties - fast!
What is the governing law
Be able to tell when a contract will renew and expire
Name the signatories of the contract
Answer free-text input questions
Who can use the feature?
The feature is available in the full contract view ( not preview ) by In-House, Contributor and Administrators who are contract members.
Additionally, the File Content Indexing (FCI) feature must be enabled for your organization. You can refer to the following article for more information: Unlock the power of Search by using File Content Indexing
Can you limit who sees the questions and answers in the AI Assist panel?
The queries and responses generated by the AI assist feature are accessible to all users with complete contract access. If you initiated the discussion, you have the option to delete a question by clicking on the ellipses button beside it.
Are there any known limitations?
The AI Assist function is unable to operate with scanned PDFs, and it may also not work immediately after creating a new contract since the file needs to be indexed. This process usually takes a few minutes to complete, after which the AI Assist feature should be fully functional.
At LawVu, we recognize the sensitivity of the data we handle for our clients, requiring top-notch information security and privacy safeguards. Our comprehensive compliance program adheres to global standards such as ISO27001, SOC1, SOC2, HIPAA, and GDPR.
Please review the attached AI Security & Privacy datasheet for further information.