Traditional contract review faces significant delays when teams rely on manual searches and "tribal knowledge" limited to the heads of only a few key legal resources. Enter AI clause playbooks. This exciting feature within CobbleStone Contract Insight and its associated MS Word plugin prevents contract reviewers from straying from approved standards. Let's dig deeper.
1. Creating New Clause Playbooks from Clause Library
After we navigate to the Playbook Manager within the Manage/Setup dropdown, we can:
- provide a basic description to support cross-functional alignment.
- select clauses for our playbook.
- provide negotiating comments and a business justification for each clause in support of negotiation resilience. The business justifications serve as institutional memory layers and pillars of collective strategy.
2. Managing Clause Playbooks from Contract Upload
When you upload a document, VISDOM® performs a side-by-side delta analysis to show how negotiation guardrails compare to newly introduced language. This provides semantic matching precision via match percentages and displays our business justification for guidance on how clauses should be handled.
Clicking "Add to Library" quickly integrates external language into our existing standards. We can then add intent-aligned negotiating comments and business justifications. VISDOM AI is there to help us refine these comments before we assign the clause to one or more existing clause playbooks or create a new playbook from this screen.
3. Managing Clause Playbooks at Individual Clause Level
Clause playbooks can also be managed at the clause level - giving us flexibility to assign and maintain playbooks as part of normal clause maintenance. We can add or update negotiating comments and business justifications, assign existing clauses to one or more existing playbooks, or create a new playbook directly from a clause by clicking the plus icon.
4. Extracting Contract Clauses from Documents with AI
Using VISDOM AI, we can initiate a scan to extract new language from documents. Then we can perform a side-by-side delta analysis against existing standards to update the clause library and associated playbooks in a single, streamlined workflow.
Want to see AI-powered clause libraries and other leading CobbleStone® features - such as automated obligation detection and task creation, surgical auto-redlining, and more - in action?
Book a free demo of CobbleStone today! It's free - and risk-free.
*Legal Disclaimer: This article is not legal advice. The content of this article is for general informational and educational purposes only. The information on this website may not present the most up-to-date legal information. Readers should contact their attorney for legal advice regarding any particular legal matter.
