Are you tired of spending hours drafting contracts manually? AI contract drafting tools are here to make your life easier! These artificial intelligence-powered tools can help you create, edit, and review contracts in a fraction of the time it would take otherwise. With automated contract drafting and legal document generation, you can increase your productivity and focus on other important tasks.
7 Best AI Tools for Contract Drafting
Not only do these AI tools for contract drafting save you time, but they can also improve accuracy by reducing human error. AI-powered contract review can quickly identify potential issues and ensure that your contracts are well-drafted and compliant with legal standards. This is especially helpful when using AI for legal drafting in India because it can guide you through the specific laws and rules in the country.
7 Best AI Tools for Contract Drafting
In this article, we’ll talk about the 7 best AI tools for contract drafting that you should think about using. Whether you’re a lawyer, business owner, or someone who works with contracts often, these tools—including some for free AI contract drafting—can change the way you work for the better. Let’s get started!
List of Top AI Tools for Legal Drafting
By using AI tools for legal drafting, legal teams can save time, reduce human error, and improve the quality of their contracts. These tools can also help with due diligence, risk assessment, and contract management, providing a comprehensive solution for managing legal documents.
Here are some of the top AI tools for legal drafting that can help legal professionals streamline their contract processes:
1. Lex Machina
Lex Machina – AI Contract Drafting tool
Lex Machina is an AI legal drafting tool crawling through Google data from different databases. It crawls every 24 hours to give you access to the latest information to draft the legal document quickly.
Features
- After crawling, you will get some insights from the database with the help of AI algorithms.
- API support will allow you to integrate tools and apps within the platform.
- Easy to create custom playbooks to review contracts offering guidelines related to reporting framework.
- It will look for the data in different databases like ITC, PACER, and USTPO.
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Pricing:
Premium plans (quotation based). There is no free trial.
Link: https://lexmachina.com/
2. Casetext
CaseText – AI Tool for Contract Drafting
Casetext is one of the best AI tools for contract drafting for in-house legal teams. You can get a free trial for over seven days with premium features. You can access advanced search engines to find the data you want. You can type the case details and get the matching cases in the past for drafting.
Features
- You can have access to different legal and federal laws, rules and statutes, and so on using AI tools for contract drafting.
- Carry out advanced document search and integrate this with CARA AI to make it the best legal software.
- It gives the search results with headers like cases, statutes, and regulations.
- Come with live support to solve the issues in the platform.
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Price:
- Basic Research – Monthly and 1 year plans available. For 1 year plan – $110/month to be paid for 1 attorney.
- CoCounsel Core – 1-year, 2-year, 3-year plans are available. It costs $250/month/ 1 attorney for any duration plan.
Link: https://casetext.com/
3. AI Lawyer
AI Lawyer – AI Contract Drafting tool
AI Lawyer legal drafting free AI tools for contract drafting that tops the list of AI lawyers, offering you many features and making it an ideal companion for legal firms. Using this tool, you can do all clerical work in no time.
Features
- Help you to summarize the agreements and find out revisions that will have an impact on other clauses.
- Can create the draft with defensible language for every party to understand.
- You can have access to templates for legal documents to help in the creation of documents.
- Focus on high impact issues creating boilerplate and repetitive tasks.
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Price:
- Just Ask – $5.99 per week.
- Golden Choice – $9.19 per month.
- Big Case – $39.99 per year.
Link: https://ailawyer.pro/
4. Law Geex
Law Geex – Free AI Tools For Lawyers
The best way to prepare legal documents is to use this Law Geex tool. It is one of the top AI tools for contract drafting free that uses AI and will use contract algorithms to prepare documents. Lawyers who are operating alone can make use of this tool to draft the contract.
Features
- It is one of the free AI tools for lawyers that gives contract guidelines to analyze the document and smoothen the drafting process.
- Give redlines in the contract that have deviations as per the company policies.
- Uses the best algorithms to draft the contract precisely.
- Gives data driven decisions related to legal policies and streamlines the whole negotiation process.
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Pricing:
Request for demo and get a personalized quotation.
Link: https://www.lawgeex.com/
5. Kira Systems
Kira Systems – AI contract drafting tool
Kira is an AI contract drafting tool that you can use to get assistance in drafting documents related to audit, accounting, advisory, and consulting services.
Features
- You can get a personalized experience using the platform with this AI tool for contract drafting.
- It serves legal entities, corporations, retailers, prop tech, and insurance companies to draft documents.
- Offer access to legal sources such as case studies, webinars, and whitepapers.
- Data was collected for 1400 clauses and data points to find critical points in the legal document.
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Pricing:
- Free trail available.
- Contact Support for pricing details.
Link: https://kirasystems.com/
6. Everlaw
Everlaw – Free tool for AI Contract Drafting
Everlaw is an ideal cloud-based platform for free AI contract drafting for law professionals. It will analyze the document briskly and offer quick insights and summaries. It also allows you to question and fetch the required data.
Features
- Assess the case for proofreading of the data to find any redundancies.
- Prepares the powerful first draft in no time along with citations.
- Using this AI tools for contract drafting, you can finish drafting the contract briskly and focus on other more significant tasks.
- Get the sources and supporting evidence to draft the document.
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Pricing
- Contact support for pricing details.
Link: https://www.everlaw.com/
7. Amto.ai
Amto.AI – AI Assistant for Contract Drafting
Amto is used for preparing legal documents. It is helpful for people in the legal industry to use for drafting and revising boilerplate and clauses in the document.
Features
- Offer a summary of key points to communicate with the clients.
- It is one of the AI tools for contract drafting easy to tailor the legal news and updates from new clients.
- Collaborate with legal professionals in real time to get information on a particular case.
- Offer you free 10,000 tokens to use on the platform.
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Pricing
- Basic – $99/month.
- Professional – $499/month.
Link: https://amto.ai/index.html
Best AI Tools for Contract Drafting – FAQs
How can I draft the contract with the help of legal AI tools?
You can use the templates offered by the AI contract generator by default to start drafting the contract for the company.
What is the ideal AI tool to be used by lawyers?
The AI tools for contract drafting that lawyers use are Casetext and AI Lawyer. These are two popular ones that are used in the legal industry.
Can AI help me write the contract?
Yes, of course. AI will generate the legal contracts without any legal jargons that you can use directly after a glance. It uses artificial intelligence and machine learning to write contracts.
Are AI contract drafting tools used by all industries?
Yes, every industry such as healthcare, IT, real-estate and manufacturing can use this tool to prepare contract drafts in no time and flawlessly.