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Contracts are written to be hard to read

Legal language is complex, and the important is often hidden among formalities. AI helps quickly extract the essence: who with whom, who owes what, when, how much, what happens on a breach. This speeds up the initial review, though a lawyer makes the final assessment.

Parties who and with whom Obligations who owes what Terms and sums when and how much Liability what for a breach
AI extracts the key points: parties, obligations, deadlines, liability.

What to extract in a contract

  • Parties and subject: who the participants are and what the contract is about.
  • Obligations: who is obliged to do what.
  • Terms and sums: when, how much, payment order.
  • Liability: penalties, sanctions for a breach.
  • Termination: how and on what conditions you can exit.
Help me review a premises lease contract ā€” extract the key points in simple words.
Key points from the lease (verify against the text):\nā€” Parties: landlord [who] leases, tenant [who] rents.\nā€” Subject: premises [address, area].\nā€” Term: lease for [period], renewal conditions.\nā€” Rent: [amount] per month, when to pay, utilities included or not.\nā€” Deposit: [amount], return conditions.\nā€” Liability: penalties for late payment, for early exit.\nā€” Termination: how much notice, in what cases.\nNote: [e.g. who pays for repairs, whether rent can be raised]. This is navigation ā€” clarify details and legal assessment with a lawyer.

Ask to explain the unclear

Hit a clause written in heavy language? Ask AI: "explain this clause in simple words, what it means in practice". AI translates legal wording into human well. But remember: its explanation is help to understand, not a guarantee of correct interpretation.

Review is not a legal assessment

AI helps you understand what is written in the contract. But whether to sign it, whether the terms are favorable, whether it complies with the law ā€” that is a legal assessment given by a lawyer. Do not confuse "I understood the contract with AI" with "a lawyer checked the contract". The first is navigation, the second is protection.

Rule: AI helps quickly understand what a contract says, but the favorability of terms and their legal compliance is assessed by a lawyer.

šŸ§  What is the difference between AI contract review and a legal assessment?

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