Introducing Contract Review

Plexus has launched its latest AI-powered feature, Contract Review, designed to enhance the efficiency and accuracy of legal contract assessments. This tool enables organisations to expedite legal reviews, highlight critical details, and mitigate risks by aligning contracts with pre-approved precedent documents.

Smarter, faster, more accurate

• Accelerated legal review: Streamlines contract assessments, including third-party and counterparty documents, saving valuable time.

• Identifying key details: Flags deviations and missing clauses by comparing documents against pre-approved precedents, reducing ambiguity and compliance risks.

• Risk mitigation: Provides insights into potentially risky clauses, empowering legal teams to address issues proactively.

• Focus on what matters: Enable Legal teams to focus on high-value tasks by eliminating repetitive manual reviews

Intelligence meets simplicity

Contract Review utilises pre-approved precedent documents created by an organisation's legal team as benchmarks. Plexus’ AI generates three types of actionable recommendations using a traffic light-style system:

• 🟥 Missing clause (Red): Flags essential clauses absent from the current contract.

• 🟨 Suggestion to modify (Yellow): Highlights clauses that may introduce risk and require adjustment.

• 🟩 Acceptable clauses (Green): Confirms compliance with pre-approved standards.

This intelligent system enables legal teams to quickly identify acceptable and risky clauses, saving time while maintaining control over contract terms.

Why it matters

• Streamline third-party contracts: Amend and align third-party and counterparty agreements with company standards.

• Optimise routine agreements: Standardise and accelerate everyday contract reviews effortlessly.

• Navigate complex negotiations: Review and negotiate intricate contracts with confidence and efficiency.

Once contracts are reviewed, legal teams can quickly apply necessary changes and finalise agreements with confidence.

Getting started is simple:

1. Upload your precedents: Provide the precedent documents you want Plexus AI to use as a benchmark.

2. Activate AI features: Ensure Plexus AI capabilities are enabled to unlock the Contract Review functionality.

3. Start reviewing instantly: With precedents in place, your team can immediately begin reviewing contracts with AI-powered insights.

Building on Plexus' AI-powered vision

Contract Review builds on earlier AI-driven innovations like Draft Advice and Contract Summaries, marking another milestone in Plexus' commitment to revolutionising legal operations with smarter technology. Check out all Plexus AI capabilities.