You can use Discovery Agent not only to read and extract documents, but also to analyze those documents for risk and to receive suggestions for mitigating such risks.
Use Case
An in-house counsel at a regional bank opens a $4.2M vendor
services agreement for review. The standard review would take two hours.
Instead, she opens the Insights tab, where the AI has already flagged three
high-risk items: an uncapped liability clause, a non-standard auto-renewal
term, and a governing-law clause that assigns jurisdiction to an unfavorable
state. Addressing these three items in 20 minutes, she saves 100 minutes that she would have spent finding and addressing these in unguided reading.
As a reviewer, you can use the Insights feature to assess contracts for predefined risks. To do this:
Click the Risk AI tab at top right, exposing Insights' risk assessment.
Note:
The AI performs the assessment for a document when you open the Insights (Risk AI) tab the first time for that document. For larger documents with more identified fields, this may take longer.
For each identified risk, you can click the More icon () to view risk details, resolve, or delete the risk:
Clicking View Risk Details exposes the particulars of the risk.
The AI reviews provisions based on predefined risk scores. It identifies overall risk and individual risk factors.
Insights identifies the risk and its severity, indicates which criteria were violated and how, and offers guidance for mitigating the risk.
Your administrator may have configured Insights to use generative AI to review risks based on natural-language prompts and to generate its own natural-language outputs. If so, the Insights panel may offer less rigid, more colloquial prompts. These may change subtly over time.
With or without generative AI, your task and options remain the same.
You can reassign the Risk Scale value directly, or mark the risk as Resolved. Marking the risk as resolved sets its risk score value to zero. You can also delete the identified risk.
) to view risk details, resolve, or delete the risk: