Thomson Reuters Launches AI-Powered Contract Analysis Tool in HighQ

LawSites

Thomson Reuters is getting into the game of AI-powered contract analysis with the launch today of HighQ Contract Analysis , a contract review tool that uses machine learning to find answers to specific legal questions. This is fast, easy work for HighQ Contract Analysis.”

G2 Names Leaders in Contract Lifecycle Management Software

LawSites

Given this state of the market, it is notable that the technology directory G2 has released its latest grid scores for contract management software. In G2’s just-released Fall 2021 Grid Report for the category Contract Lifecycle Management, G2 rated four companies as leaders: SAP Ariba.

SAP 52

LawNext: Contract Wrangler Founder Neil Peretz on Starting, Building and Selling a Legal Tech Company

LawSites

Last month, in a marriage of two contract management platforms, Conga acquired Contract Wrangler. Conga Contracts Contract Wrangler LawNext

The importance of “Court approval” of a minor’s contracts.

Gordon P. Firemark

“She signed a contract! ” Did you know that a minor can walk away from a contract without consequence? Did you know that in the eyes of the law, a minor isn’t considered “competent” to make a binding contract? Did you know that except in extraordinary circumstances, even after entering into a contract, a minor can simply disaffirm its existence and walk away? Need help getting court approval for your contract?

Cheetah for Corporate Counsel Now Allows Access to Lawgood For Contract Drafting

LawSites

now have direct access to Lawgood , a practice tool for drafting contracts and clauses using market standards. Using a slider bar when viewing contract clauses, lawyers can change the favorability of clauses based on client and deal specifics, such as location and industry.

Contract Management Company Evisort Named ‘Hot Vendor’ By Aragon Research

LawSites

The market research and advisory firm Aragon Research has named the contract management company Evisort as one of three emerging “hot vendors” in workflow and content automation.

Evisort Now Self-Populates Contract Dashboards to Quickly Visualize Data and Summarize Key Metrics

LawSites

Upload 10,000 contracts today and nearly instantly visualize critical contract data and key metrics. That is what contract management company Evisort says its customers can now do with the launch today of its new Intelligent Dashboarding. Visualizing Contract Data.

LawNext: With $40M Series B, LinkSquares CEO Sets Sights On The Impossible In Contracts Tech

LawSites

With his contract-management company having just raised $40 million in Series B funding, Linksquares cofounder and CEO Vishal Sunak is aiming for some big goals, including “to build legal tech solutions that simply weren’t possible before.”.

Contract Lifecycle Company Agiloft Gets $45M Investment and New CEO

Media Law

The contract management lifecycle company Agiloft has received a $45 million growth equity investment from FTV Capital — the first outside investment for this 29-year-old California company.

New Product from AI Contract Management Company LinkSquares Covers the Contract Creation Process

Media Law

The product will enable legal teams and sales, HR, procurement, marketing, and other internal departments to create documents with pre-approved language based on contract templates, helping finalize contracts more quickly and reduce risk through the use of standardized language.

Arbel on Slicing Defamation by Contract @ProfArbel

Media Law Prof Blog

Arbel, University of Alabama School of Law, has published Slicing Defamation by Contract at Chicago Law Review Online (2020). Yonathan A. Here is the abstract. In considering the problem of fake news, many debate the merits of expanding media liability

Non-Artificial Contracts Intelligence Joins Artificial Intelligence Contracts Company

Media Law

In news that should bring solace to all lawyers who fear losing ground to AI robot overlords, an artificial intelligence contract-review company has announced the addition to its board of advisors of a distinctly non-artificial intelligence in the area of legal contracts. LegalSifter, whose product uses AI to review contracts and identify critical or missing […].

How It Works: Ironclad’s Contract Lifecycle Management Platform

LawSites

‘Contract Tools’ Is A Toolkit for Reviewing Complex Contracts in Word

Media Law

That’s the idea behind Contract Tools, a Microsoft Word for Windows add-in designed to provide attorneys with the right tools to analyze, navigate, search, proofread and edit contracts. The post ‘Contract Tools’ Is A Toolkit for Reviewing Complex Contracts in Word appeared first on Robert Ambrogi's LawSites. General Contract Tools Paper SoftwareAny job is made easier by having the right tools.

Litera Acquires AI-Powered Contract Drafting Platform Bestpractix

Media Law

That focus on drafting and integration with Word would seem to make Bestpractix a perfect fit with Litera, whose own products work within Word and address the full workflow of drafting and reviewing legal documents and contracts.

New Contract Drafting Tool: ACC Contract Advisor

Media Law

The Association of Corporate Counsel today launched ACC Contract Advisor , a contract-drafting tool built on what is described as a “vast collection” of sample contracts and thousands of real-world clauses. Contract Advisor offers four primary features: Model contracts. For its initial launch, Contract Advisor includes 10 contracts and policies. For each contract type, select from a wide range of thousands of clauses.

LawNext: Evisort CEO Jerry Ting on the Future of CLM and Contracts Tech

Media Law

But Evisort cofounder and CEO Jerry Ting sees his company’s AI-driven technology becoming something more – becoming, in effect, an operating system for companies and legal departments, helping them speed up their contracting and reduce associated costs.

Evisort, AI Contract Management Platform, Raises $35M Series B

Media Law

Evisort , an AI-powered contract management platform, today announced a Series B funding round of $35 million, bringing its total funding to $55 million. Evisort offers both post-signature contract review and analytics and pre-signature contract generation and approval.

Featured Resource: Artificial Intelligence 101: Introducing AI into Contract Management

Media Law

This week’s featured resource: White Paper: Artificial Intelligence 101: Introducing AI into Contract Management. Description: Artificial intelligence (AI) is already sharpening professional best practices across a variety of industries – including contract management.

Warranties and Representations – What these contract clauses really mean.

Gordon P. Firemark

If you're like most of the entertainment industry folks I come into contact with, you've signed a few contracts in your day. You see, after the “grant of rights” language in most entertainment deals, the “warranties and representations” section may be the most important part of the contract. What am I promising when I sign this contract? Warranties and Representations – What these contract clauses really mean.

Arbitration in Entertainment Contracts: Worth fighting about?

Gordon P. Firemark

Yesterday, the producers secured a victory on this front, with the Court ordering claims to arbitration under Sheen’s contract. Arbitration clauses are common in entertainment industry contracts for a number of reasons. This is not to say that some arbitration proceedings aren’t formal, only that it’s often within the parties’ discretion to decide (at the time of contracting) on a less rigid procedural approach. Image via Wikipedia.

LawNext: BlackBoiler Founder Dan Broderick On Automating Contract Markup

Media Law

?. Dan Broderick believes businesses waste billions in repetitive work reviewing and negotiating semantically similar contracts. It led him to found BlackBoiler , whose AI-based technology automates the review and mark-up of inbound contracts right in Word’s Track Changes. .

His UnitedLex Disrupted Legal Services, Now Ajay Agrawal Aims to Disrupt Contracts

Media Law

But Agrawal was becoming increasingly intrigued by a problem a client had described to him as one of “contract education” — the gap between the promises made in an organization’s contracts and the promises ultimately delivered.

Three Legaltech Companies, All in Contracts, Have Financing Rounds, for Total of $26M

Media Law

We may all be working from home, but that doesn’t mean investment money isn’t flowing into legaltech — and particularly into legaltech for commercial contracts.

The unreasonable expansion of the Right of First Refusal Clause in entertainment contracts.

Gordon P. Firemark

The unreasonable expansion of the Right of First Refusal Clause in entertainment contracts. A right of last refusal gives one party to a contract the right to accept any bona fide offer made by a third party for some right. When negotiating contracts with reservations of rights, it is of utmost importance that rights holders resist the use of clauses granting rights of last refusal.

Exigent Unveils Scarlett, AI Tool for Turning Contracts into Data

Media Law

The legal technology company Exigent is today unveiling a major update to its contract management software that introduces Scarlett, an artificial intelligence tool for automatic extraction of contract data and enhanced contextual search.

Why it’s dangerous to rely on free online entertainment law contract forms

Gordon P. Firemark

Boilerplate contracts: 3 Legal Risks. Last week, I read an interesting post by Betty Wang , over at Findlaw's Free Enterprise blog, titled “Using Boilerplate Contracts? Those of us who draft contracts for clients in the entertainment industry have to keep up with developments in the law, as well as changes in the “custom and practice” within the trade. Unfortunately, many contract forms found in books or on the web are simply outdated.

Conan's 'Tonight Show' contract revealed

THR, Esq. Entertainment & Media Law Blog

By Matthew Belloni If there was one big mystery in the Great Late-Night Fiasco of 2010, it was whether NBC actually specified in Conan O'Brien's contract that “The Tonight Show” had to begin at 11:35 p.m. Tags: Contracts & Riders Talent & Studios Television This seemingly small detail.

Conan's 'Tonight Show' contract revealed

THR, Esq. Entertainment & Media Law Blog

By Matthew Belloni If there was one big mystery in the Great Late-Night Fiasco of 2010, it was whether NBC actually specified in Conan O'Brien's contract that “The Tonight Show” had to begin at 11:35 p.m. Tags: Contracts & Riders Talent & Studios Television This seemingly small detail.

Pandemic: Force Majeure Contracts and Insurance in the Music Business

Music Technology Policy

Force majeure” or the less secular “Act of God” clause is a species of the “impossibility of performance” defense to a breach of contract claim that excuses the liability of a nonperforming party. Force majeure clauses typically break between suspending performance for a period of time and allowing the parties to terminate the contract, with little or no penalty. Contract 1. Contract 2. Contract 1. Contract 2. Contract 1. Contract 2.

TermScout Launches with Customer-Favorability Ratings on 150 Top Software Vendors’ Contracts

Media Law

TermScout is a unique legal technology startup devoted to reviewing, rating and comparing the software contracts of leading business-to-business companies so that software buyers can better and more easily understand what they are being asked to sign.

On LawNext: Digital Contracting and the Future of CLM, with Ironclad CEO Jason Boehmig

Media Law

What makes Ironclad different than other CLM companies, says cofounder and CEO Jason Boehmig , is that it is not just building incrementally better workflows, but is creating a new standard of digital contracting that will drive the businesses of the future.

Is “throughout the universe” contract language broad enough?

Gordon P. Firemark

In his post today he discusses a Wall Street Journal article that pokes fun at entertainment lawyers’ use of “throughout the universe, in perpetuity&# to define the territorial scope and the term of rights being granted by a contract. Related posts: Copyright and Contract in conflict? Is Jon Lovitz's life-long contract really a life sentence Eriq Gardner at the Hollywood Reporter, Esq. blog has got me thinking.

UK Contract Management Company Raises $5M from Major U.S. Investor

Media Law

Its platform, it says, transforms legal contracts from static files into dynamic, modular agreements that integrate easily with core business processes, helping businesses close contracts more quickly and get deeper insight into contract data. The prominent U.S.

Fox-Netflix Poaching Fight Questions Enforceability of Employment Contracts

THR, Esq. Entertainment & Media Law Blog

Can an employer enforce a contract by any means other than litigation? read more. THR, Esq. Business Business THR Online Netflix

Second Circuit Upholds Uber’s Mobile Contracting Process, Establishing Template for Mobile Online Contracting

New Media and Technology Law

In an important ruling vindicating Uber’s user registration and electronic contracting process, the Second Circuit reversed the lower court and held that the notice of Uber’s terms of service was reasonably conspicuous and that the plaintiff unambiguously manifested assent to the terms, and therefore agreed to arbitrate his claims with Uber. This presentation differs sharply from the online contracting screen the Second Circuit considered last year in Nicosia v.

Web Scraping Decisions Consider Contract Cause of Action

New Media and Technology Law

Two recent web scraping disputes highlight some important issues regarding whether a website owner may successfully allege a breach of contract action against a commercial party that has scraped website content contrary to “ clickwrap ” and “ browsewrap ” website terms of use. s (“Southwest”) breach of contract claim against an entity that scraped airfare data from Southwest’s site in violation of the website terms of use.

AI Contract Management Company Evisort Raises $15M to Drive Next Phase of Growth

Media Law

Twelve months ago this week, the company introduced its flagship product, Document Analyzer, a cloud-based AI and text-mining application that helps enterprises analyze and manage their contracts. “This data is contractual in nature, so why limit our platform to long-form contracts?

20 Questions for New Artists Part 5: Pre-Existing Contracts and Sound Recording Aggregators

Music Technology Policy

Pre-existing Contracts: Ask your band mates for copies of any music industry contracts the band, or any of you, have previously signed before you formed or joined the band. So one example of a pre-existing contract may be a band member’s contract with a sound recording aggregator.). 20 questions for new artists digital aggregators pre-existing contracts

Smart Contracts Company Clause Raises $5.5M; DocuSign Among Investors

Media Law

The smart-contracts company Clause said today that it has raised $5.5 Clause said that the funds will be used to accelerate its business development efforts, further augment its engineering teams, and nurture the broader smart contract ecosystem. Clause is a cloud-based service that allows companies to build smart contracts and connect them to external tools and data sources, including payment processor Stripe, collaboration platform Slack, and the DocuSign e-signature platform.

BlackBoiler Wins Two More Patents for Its AI-Assisted Contract Review Software

Media Law

company whose AI-based technology automatically marks up draft contract language, has been issued two additional patents from the U.S. Patent and Trademark Office (USPTO) for its AI-assisted contract review software. BlackBoiler , the Arlington, Va.,

'London Fields' Producers Allege Director Violated Contract

THR, Esq. Entertainment & Media Law Blog

Mathew Cullen is accused of failing to deliver the film on time and withholding promotional support. read more. THR, Esq. The Business Movies Business THR Online

CFAA Claim Dismissed in Scraping Suit, While Contract Claim Survives

New Media and Technology Law

As a result, CouponCabin brought several causes of action against PriceTrace, including claims under the Computer Fraud and Abuse Act (CFAA), tortious interference and breach of contract. The contract claim also survived dismissal. Instead, the court allowed the contract claim to go forward based on the allegation that PriceTrace received the C&D letter from CouponCabin that highlighted the terms yet still continued to access the site despite this knowledge.