{"id":100673,"date":"2025-01-16T15:03:05","date_gmt":"2025-01-16T23:03:05","guid":{"rendered":"https:\/\/xira.com\/p\/2025\/01\/16\/exclusive-lexcheck-unveils-ai-powered-tool-for-analyzing-complex-agreements-and-auto-generating-custom-playbooks-opens-waitlist-for-free-access\/"},"modified":"2025-01-16T15:03:05","modified_gmt":"2025-01-16T23:03:05","slug":"exclusive-lexcheck-unveils-ai-powered-tool-for-analyzing-complex-agreements-and-auto-generating-custom-playbooks-opens-waitlist-for-free-access","status":"publish","type":"post","link":"https:\/\/xira.com\/p\/2025\/01\/16\/exclusive-lexcheck-unveils-ai-powered-tool-for-analyzing-complex-agreements-and-auto-generating-custom-playbooks-opens-waitlist-for-free-access\/","title":{"rendered":"Exclusive: LexCheck Unveils AI-Powered Tool For Analyzing Complex Agreements And Auto-Generating Custom Playbooks; Opens Waitlist For Free Access"},"content":{"rendered":"<p>The company\u2019s new product, LexCheck Insights, combines know-how from its legacy product with cutting-edge AI techniques to review and redline contracts of any length and complexity and automatically generate contract playbooks.<br \/>\nThe post Exclusive: LexCheck Unveils AI-Powered Tool For Analyzing Complex Agreements And Auto-Generating Custom Playbooks; Opens Waitlist For Free Access appeared first on Above the Law.<\/p>\n<p><a href=\"https:\/\/www.lexcheck.com\/\" rel=\"nofollow noopener\" target=\"_blank\">LexCheck<\/a>, a legal technology company specializing in contract review, is launching a new AI-powered contract analysis tool that aims to solve two persistent challenges in contract technology: the ability to handle complex agreements beyond routine contracts such as NDAs, and the creation and maintenance of contract playbooks.<\/p>\n<p>The company\u2019s new product, LexCheck Insights, combines know-how from its legacy product with cutting-edge AI techniques to review and redline contracts of any length and complexity and automatically generate contract playbooks.<\/p>\n<p>It differentiates itself from other AI contract review products by combining traditional natural language processing with advanced large language models (LLMs) to analyze contracts of any length and complexity, while also offering the ability to automatically generate customized playbooks from existing agreements.<\/p>\n<p><em><strong>Learn more about LexCheck in the <a href=\"https:\/\/directory.lawnext.com\/products\/lexcheck\/\" rel=\"nofollow noopener\" target=\"_blank\">LawNext Legal Technology Directory<\/a>.<\/strong><\/em><\/p>\n<p>The product, which integrates with Microsoft Word, uses a hybrid approach that first breaks down contracts into their component parts using traditional natural language processing, then analyzes those components using LLMs.<\/p>\n<p>This methodology allows the system to handle longer and more complex agreements that have traditionally proven challenging for AI-based contract analysis tools, the company says.<\/p>\n<p>\u201cThe dirty secret of contract tech is that nothing is that good beyond NDAs,\u201d said <a href=\"https:\/\/www.linkedin.com\/in\/gsangha\/\" rel=\"nofollow noopener\" target=\"_blank\">Gurinder Sangha<\/a>, LexCheck\u2019s founder, during an exclusive product demonstration. \u201cIf you see any demo, it\u2019s going to be on an NDA. If you see any live demo, it\u2019s an NDA. You rarely see anyone trying to pitch something on a more complex document.\u201d<\/p>\n<p><a href=\"https:\/\/i0.wp.com\/www.lawnext.com\/wp-content\/uploads\/2025\/01\/Insights-Screenshot.png?ssl=1\" rel=\"nofollow noopener\" target=\"_blank\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-large wp-image-48546\" src=\"https:\/\/i0.wp.com\/www.lawnext.com\/wp-content\/uploads\/2025\/01\/Insights-Screenshot-1024x633.png?resize=1024%2C633&#038;ssl=1\" alt=\"\" width=\"1024\" height=\"633\" title=\"\"><\/a><\/p>\n<p>By contrast, he said, LexCheck Insights is built to handle a wide variety of contract types \u2014 from routine NDAs and MSAs to highly intricate agreements \u2014 with high degrees of accuracy and speed.<\/p>\n<h3><strong>\u2018Playbooking As A Service\u2019<\/strong><\/h3>\n<p>A key feature of the new product is its ability to dynamically generate contract negotiation playbooks. Users can upload their preferred contract templates or previously negotiated agreements they\u2019re satisfied with, and the system automatically creates a playbook within moments.<\/p>\n<p>Sangha said that this represents a significant departure from traditional playbook creation, which typically requires weeks of manual work and consultation.<\/p>\n<p>\u201cWhat this means is you now almost have \u2018playbooking as a service,\u2019\u201d Sangha said. \u201cYou literally can now create unlimited playbooks that are very dynamic and custom to the situation, which you could never do in the past because it was so onerous to even build that document.\u201d<\/p>\n<p>The system makes it easy for users to create multiple playbooks for different situations \u2013 such as separate playbooks for different contract types, geographic regions or client types. Playbooks can be continuously refined and updated as users encounter new preferred language during contract negotiations.<\/p>\n<p><a href=\"https:\/\/i0.wp.com\/www.lawnext.com\/wp-content\/uploads\/2025\/01\/Redline-Screenshot.png?ssl=1\" rel=\"nofollow noopener\" target=\"_blank\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-large wp-image-48547\" src=\"https:\/\/i0.wp.com\/www.lawnext.com\/wp-content\/uploads\/2025\/01\/Redline-Screenshot-1024x634.png?resize=1024%2C634&#038;ssl=1\" alt=\"\" width=\"1024\" height=\"634\" title=\"\"><\/a><\/p>\n<p>When analyzing contracts, the system presents deviations from the playbook in a clean interface that allows users to quickly navigate between issues. For each deviation, the system provides an explanation of why it flags the issue as problematic, generated by its AI engine. Users can choose to accept the original language, insert their preferred language from their playbook, or generate new suggested language using the AI.<\/p>\n<h3><strong>Waitlist for Free Access<\/strong><\/h3>\n<p>The product has been in a soft launch with select customers for several months and, as of today, is now making its official launch and opening a waitlist for free access.<\/p>\n<p>Unlike some competitors in the contract analysis space, LexCheck has chosen to focus solely on core contract analysis functionality rather than adding additional features like contract summarization or proofreading tools.<\/p>\n<p>\u201cWe took the view that we\u2019re just going to live and die by the AI engine,\u201d Sangha said. \u201cOur AI engine is just better than anything else out there. We also want to get the user in and out of the software as quickly as possible. We don\u2019t want the user to live within our product. We want to get it in and out and get their job done.\u201d<\/p>\n<p>While the system can automatically generate redlines for any agreement, it is designed to give users more control when working with complex documents, allowing them to review and approve changes individually. This approach recognizes that even with sophisticated AI assistance, contract negotiation still requires human judgment and discretion.<\/p>\n<p>\u201cThis is not going to replace anybody,\u201d Sangha noted. \u201cIt\u2019s just going to, if you want to be faster, it can make you faster. If you want to be more accurate and not miss things, it\u2019ll help you not miss things. Or ideally both.\u201d<\/p>\n<p>LexCheck is offering free access to LexCheck Insights on a limited basis. Anyone interested can visit <a href=\"https:\/\/www.lexcheck.com\" rel=\"nofollow noopener\" target=\"_blank\">www.lexcheck.com<\/a> to join the waitlist.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The company\u2019s new product, LexCheck Insights, combines know-how from its legacy product with cutting-edge AI techniques to review and redline contracts of any length and complexity and automatically generate contract playbooks. The post Exclusive: LexCheck Unveils AI-Powered Tool For Analyzing Complex Agreements And Auto-Generating Custom Playbooks; Opens Waitlist For Free Access appeared first on Above [&hellip;]<\/p>\n","protected":false},"author":0,"featured_media":100595,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[16,17],"tags":[],"class_list":["post-100673","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-above_the_law","category-legal_matters"],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/xira.com\/p\/wp-content\/uploads\/2025\/01\/LexCheckInsightsFeatured-1024x576-jCqs0t.png?fit=1024%2C576&ssl=1","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/xira.com\/p\/wp-json\/wp\/v2\/posts\/100673","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/xira.com\/p\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/xira.com\/p\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/xira.com\/p\/wp-json\/wp\/v2\/comments?post=100673"}],"version-history":[{"count":0,"href":"https:\/\/xira.com\/p\/wp-json\/wp\/v2\/posts\/100673\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/xira.com\/p\/wp-json\/wp\/v2\/media\/100595"}],"wp:attachment":[{"href":"https:\/\/xira.com\/p\/wp-json\/wp\/v2\/media?parent=100673"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/xira.com\/p\/wp-json\/wp\/v2\/categories?post=100673"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/xira.com\/p\/wp-json\/wp\/v2\/tags?post=100673"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}