BlackBoiler

TL;DR

AI-powered contract review software that automatically redlines contracts in Track Changes
Reduces contract review time from hours to minutes using patented AI technology
Ideal for legal departments, in-house counsel, and contract management teams
NSF-backed technology that applies company playbooks to standardize contract negotiations

What is BlackBoiler

BlackBoiler is an AI-powered contract review and markup software that uses patented artificial intelligence to automatically review, analyze, and redline contracts directly in Microsoft Word's Track Changes feature. The platform solves the time-consuming problem of manual contract review by applying machine learning and natural language processing to instantly markup inbound contracts according to a company's specific playbook and standards. As the only patented automated contract markup solution in the market, BlackBoiler falls into the category of AI Contract Management Software, specifically focused on accelerating the contract negotiation process while maintaining consistency and reducing legal risk.

Key Features

Automated Contract Markup in Track Changes: Instantly reviews and redlines contracts directly in Microsoft Word's Track Changes feature, mimicking how a human lawyer would mark up documents, making it easy for legal teams to review and accept/reject changes.
Custom Playbook Integration: Build and implement your company's contract negotiation playbook directly in the tool, ensuring all contracts are reviewed according to your specific standards and risk tolerances.
AI-Powered Learning System: Leverages past contract negotiations and company standards to continuously improve accuracy, learning from your historical contract data to make more precise suggestions over time.
LawVu Integration: Seamlessly integrates with LawVu legal workspace, allowing users to redline NDAs and contracts without leaving their primary legal management platform.
Patented AI Technology: Uses National Science Foundation-backed, patented AI and NLP technologies to ensure industry-leading accuracy and reliability in contract analysis.
Scalable Architecture: Handles high volumes of contracts simultaneously, making it suitable for organizations of all sizes from small legal teams to enterprise-level operations.

Who is BlackBoiler for?

In-House Legal Teams: Corporate legal departments looking to accelerate contract turnaround times and standardize review processes
Law Firms: Legal practices handling high volumes of contract reviews for multiple clients
Contract Managers: Professionals responsible for managing large numbers of vendor, supplier, or partner agreements
General Counsels: Legal executives seeking to improve department efficiency and reduce outside counsel costs
Procurement Teams: Organizations negotiating multiple vendor contracts requiring consistent terms
Sales Operations: Teams needing faster contract approval to accelerate deal closure

Key Use Cases & Applications

High-Volume NDA Processing: Automating review of non-disclosure agreements for companies that process dozens of NDAs weekly
Vendor Agreement Standardization: Ensuring all supplier and vendor contracts meet company standards for payment terms, liability, and indemnification
Sales Contract Acceleration: Speeding up revenue recognition by reducing contract negotiation cycles from weeks to days
Risk Mitigation in Partner Agreements: Automatically flagging and revising problematic clauses in partnership or joint venture agreements
Procurement Contract Compliance: Maintaining consistent terms across all procurement contracts to ensure regulatory compliance
Legal Department Scaling: Handling increased contract volume without proportionally increasing legal headcount

Pros

Dramatically reduces contract review time from hours to minutes, enabling faster deal closure
Maintains consistency across all contract negotiations regardless of who handles the review
Patented AI technology backed by National Science Foundation ensures reliability
Works directly in Microsoft Word Track Changes, requiring no learning curve for legal professionals
Customizable playbooks allow for company-specific standards and risk tolerances
Integration with LawVu expands functionality within existing legal tech stack

Cons

Requires initial setup time to build and configure company-specific playbooks
Limited to contract review and markup - doesn't handle full contract lifecycle management
Effectiveness depends on quality and quantity of historical contract data for training
May require human oversight for complex, non-standard contract provisions
No transparent pricing model available - requires demo and custom quote

Pricing Info

Pricing is not publicly available, You need to contact them.

FAQs

How does BlackBoiler differ from other contract management software?

BlackBoiler is unique in that it's the only patented AI software that automatically redlines contracts directly in Microsoft Word's Track Changes feature. Unlike other contract management platforms that focus on storage, workflow, or analysis, BlackBoiler specifically automates the actual markup process, mimicking how a human lawyer would review and edit contracts.

What types of contracts can BlackBoiler review?

BlackBoiler can review various contract types including NDAs, vendor agreements, partnership agreements, sales contracts, and procurement contracts. The system learns from your historical contracts and playbook, making it adaptable to virtually any contract type your organization regularly handles.

How long does it take to implement BlackBoiler?

Implementation time varies based on the complexity of your playbook and the volume of historical contracts available for training. Initial setup includes building your contract negotiation playbook in the tool and training the AI on your specific requirements and past negotiations.

Does BlackBoiler require integration with existing systems?

BlackBoiler can work as a standalone solution since it operates directly in Microsoft Word. However, it also offers integration capabilities, notably with LawVu, allowing it to fit seamlessly into existing legal technology workflows without disrupting current processes.

How accurate is BlackBoiler's AI contract review?

BlackBoiler's accuracy improves over time as it learns from your historical contracts and feedback. The patented AI technology, backed by the National Science Foundation, ensures high reliability. However, complex or unusual contract provisions may still require human review to ensure complete accuracy.

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