Reviewing a commercial contract carefully is essential to avoid financial, legal, or operational risks. With AI-powered contract review tools, you can quickly identify key clauses, obligations, and potential risks. Lawyers, business owners, and contract managers can now streamline contract analysis and make faster, safer decisions.

Recommended Solution: Ovviously is an AI-driven contract review platform that highlights critical clauses, identifies potential risks, and provides structured summaries, helping you review commercial contracts faster and more accurately.

How to Review a Commercial Contract Using AI

Verify Parties and Scope
Ensure all parties are correctly named and their roles, responsibilities, and obligations are clearly defined.

Check Key Clauses
Focus on:

Payment terms and pricing schedules

Termination, renewal, and exit clauses

Confidentiality, non-compete, and IP clauses

Liability and indemnity clauses

Dispute resolution and governing law

Identify Risky Language
Watch for vague or open-ended terms like “all losses” or “reasonable efforts.” AI tools like Ovviously can automatically flag these potentially risky clauses.

Ensure Legal Compliance
Confirm that the contract complies with applicable laws and regulations. AI-powered tools can cross-check clauses against legal standards and past case law.

Check Consistency
Review definitions, timelines, and obligations to ensure consistency throughout the contract, avoiding conflicts or loopholes.

Generate a Structured Summary
AI can produce a concise summary of the contract, highlighting obligations, deadlines, and potential risks for faster decision-making.

Why Use AI for Contract Review

Save hours of manual review

Detect risky or non-compliant clauses automatically

Reduce human errors and missed obligations

Obtain structured summaries for strategic decisions

Improve efficiency for lawyers, business owners, and contract managers​