Diligen

Key Features:

• Key Provisions Identification: This feature facilitates a more efficient review process by automatically identifying and extracting critical provisions from contracts. By doing so, legal teams can quickly locate important information within contracts, saving time and minimizing the risk of overlooking crucial details.
• Contract Summaries Generation: This feature provides a high-level overview of contracts by automatically generating concise summaries. It condenses the essential terms and conditions into a brief summary, providing a quick, easily digestible overview that can be particularly useful in managing a large volume of contracts or for quick reference.
• Machine Learning-Powered Analysis: By leveraging machine learning algorithms, this feature enhances the analysis of contracts. It learns from previous interactions and continuously improves its accuracy and efficiency over time, making the contract review process more manageable and efficient for legal teams.

Main Use Cases:

• Contract Review and Management: Legal teams can use Diligen for efficient review and management of contracts by quickly identifying key provisions and generating summaries, facilitating a more streamlined contract management process.
• Due Diligence in Mergers and Acquisitions: In a due diligence scenario, especially during mergers and acquisitions, Diligen can be used to swiftly review a large volume of contracts to identify any potential liabilities or issues that might affect the transaction.
• Compliance Monitoring: Compliance teams can utilize Diligen to ensure that contracts are in compliance with legal and regulatory requirements by automatically identifying any non-compliance issues within a large set of contracts.