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Extract Data from Legal Agreements using AI in Business Services

Explore DocHub’s ChatGPT-assisted features to Extract Data from Legal Agreements with AI in Business Services industry

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Aug 6th, 2022

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How to use DocHub’s functionality to Extract Data from Legal Agreements using AI in Business Services industry

Typical online editors can help professionals in Business Services industry with basic document management tasks. However, an up-to-date AI-powered solution like DocHub gives more opportubities and helps accomplish your work faster. Select our ChatGPT-powered tool to Extract Data from Legal Agreements and other professional paperwork - you’ll get the results you require in minutes!

Explore the quick guide below to Extract Data from Legal Agreements with AI in Business Services industry:

Create an account in DocHub and log in after its verification.
Add the Legal Agreements to the editor utilizing one of the available upload methods.
Start the ChatGPT assistant and choose the tool that lets you Extract Data from your form.
Look through the changes proposed by Artificial Intelligence.
Make edits where needed, and verify at least once more before submitting.
Add your signature and request it from others if your form requires approval.
Click on Menu to download, export, or share your professional paperwork.

Whatever your document management needs, you can rely on our progressive solution and complete your tasks in clicks. Give it a try now!

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Got questions?

Below are some common questions from our customers that may provide you with the answer you're looking for. If you can't find an answer to your question, please don't hesitate to reach out to us.

What is contract data extraction?

This is where contract data extraction becomes crucial. This metadata helps identify renewal dates, indemnification obligations, governing law, and so much more. It can analyze a specific contract or a large set of contracts for a business client.

Will financial due diligence be replaced by AI?

Artificial intelligence (AI) will change every aspect of this process. Indeed, the AI revolution is well underway and due diligence will never be the same. AI is speeding up the pace of deals while its level of document analysis is beyond the capacities of even the most dedicated attorney.

Can legal documents scan be automated?

Legal document automation means using AI software to create legal documents on a large scale. Nonetheless, the most common use of this software is for contract automation. It includes logic-based systems that use segments of pre-existing data to draft a new document.

What kind of artificial intelligence is especially useful to lawyers?

The simplest and most common form of AI in law is e-discovery: the process of scanning electronic information to obtain non-privileged information relevant to a case or claim. E-discovery software allows lawyers to scan documents using search terms or specific parameters, such as dates or geographic location.

Can I use AI to do data entry?

AI: AI has almost become a catch-all term for every shiny new technology trend, but its also really helpful for the simple stufflike automated data entry. AI-powered optical character recognition (OCR) tools, for instance, can read scanned documents and input data automatically.

How AI can be used in business intelligence?

AI solutions are being used by businesses to boost productivity, create personalized experiences while keeping costs down, and simultaneously support decision-making. Big data sets can be used to find patterns in client behavior when analyzed using AI and ML technologies.

What is generative AI for legal contracts?

Beyond simply recommending clauses, generative contract AI can summarize or augment clauses on an automated basis. With vast databases of categorized clauses and improvements with generative technologies, modern AI-powered tools can generate clauses in a matter of seconds.

What is the AI that scans legal documents?

Luminance is the worlds most advanced AI for the processing of legal documents, streamlining operations and delivering value business-wide.

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