Contract Analysis

What risks do contracts carry?

In complex legal agreements, identifying contract risks is critical. For example, a publisher would want to make sure their contracts cover terms such as

Breach of contract
Deadlines and delay consequence
Copyright ownership and permissions
Quality and standards
... and many more.

Contract Analysis streamlines this process. We identify which terms are present in a contract document, flagging potential omissions or areas of concern.

This helps legal professionals, contract managers, and businesses mitigate risk and ensure comprehensive contractual coverage.

Contract Analysis uses

Private LLMs. Data stays in the Straive tenant and no models are trained on it.
Function calling to ensure that every term is rigorously evaluated.
Ground-truthing by extracting verbatim sections of the contract as proof.

Here's an evaluation of 25 contracts between a publisher and their authors on 21 different contract terms.

These terms are very well covered:

Deadlines and delay consequence — 25 / 25 contracts
Copyright ownership and permissions — 25 / 25 contracts
Intellectual property — 25 / 25 contracts
Royalty payments and dispute resolution processes — 25 / 25 contracts

Editor approval rights over cover and design has the poorest coverage — 1 / 25 contracts

Here are the details of which terms are present in which contract.
Click on the cells to see the references.

contract-12.pdf has the best coverage — 19 / 21 terms

contract-1.pdf has the poorest coverage — 7 / 21 terms

The results are imperfect

There are 2 kinds of mistakes the model might make.

Miss terms. It at least one example, Force Majeure was missed though the contract said, The Publisher will not be under an obligation to publish the Work if, in its reasonable judgment, circumstances beyond its control adversely affect the Work’s marketability or potential sale. We might need to re-word the term better.
Hallucinate snippets. The model guesses section numbers and may occasionally guess the snippet text as well instead of copying.

Humans in the loop are critical. This can help flag off potential misses, but it's important to validate the results.

Analyze your own contracts

Pick a contract or paste your own. Change the terms.

Click Analyze to see which terms are covered in which contract.