Frequently Asked Questions
Check out our Frequently Asked Questions on BlackBoiler’s Automated Contract Markup technology.
1. What is Automated Contract Markup?
2. What makes BlackBoiler different from other contract review products?
3. What types of contracts can BlackBoiler markup?
4. What types of integrations does BlackBoiler support?
5. Is BlackBoiler difficult to learn?
6. How can AI contract review tools allow legal teams to focus on higher-value work?
7. How does BlackBoiler’s automated contract markup technology impact the traditional contract review process?
8. What are the business results for greater efficiency and cost savings using BlackBoiler?
9. What is the implementation process?
BlackBoiler’s Automated Contract Markup is cutting-edge technology that uses powerful AI and machine learning that is trained to instantaneously review and markup new documents in “Track Changes,” according to your company’s playbook and standards. The technology goes beyond the simple deletion and replacement of clauses, wholesale revision of clauses, and comparison to standard as seen in other tools. Unlike other contract review tools, BlackBoiler’s patented Automated Contract Markup is entirely powered by AI and machine learning technology. There is no human in the loop.
BlackBoiler is the first and only patented product that fully automates the contract review and markup process. BlackBoiler has been granted ten USPTO allowances, one patent allowance in Canada, and has additional patent applications pending worldwide. A unique feature of BlackBoiler is that it allows users to build negotiation playbooks directly within the tool, which are then used to power automated contract reviews, enabling a quick implementation process.
3. What types of contracts can BlackBoiler markup?
BlackBoiler is contract type agnostic. We currently have customers using BlackBoiler for M&A contracts, NDAs, service agreements, MSAs, construction agreements, real estate leases, vendor agreements, clinical trial agreements, and more.
BlackBoiler can integrate with any tool that can operate via email. BlackBoiler’s endpoints and APIs simply require the ability to transfer a Word document back and forth.
Two types of integrations can be done with BlackBoiler:
– A light integration via email in which any system that can send and receive Word documents can integrate with BlackBoiler as an automated user.
– A deeper integration against BlackBoiler’s OpenAPI compatible REST endpoints.
BlackBoiler was built with the end-users in mind. Rather than forcing users to learn new tools or procedures, BlackBoiler works seamlessly with programs users already know how to use: Word and email — allowing users to use BlackBoiler’s powerful machine learning and artificial intelligence with little to no learning curve.
BlackBoiler is the first contract review product built with the full spectrum of end-users in mind. Understanding that many legal professionals are still not comfortable with AI, BlackBoiler provides users with a range of options to reflect their personal comfort level with advanced technology and with the intricacies of contract law.
AI contract review tools like BlackBoiler can automate as much as 70% of human review time. When attorneys eliminate the need to spend hours scrutinizing every contract clause and engaging in numerous rounds of emails with the opposite party, they are freed to concentrate on matters that can provide more strategic value.
BlackBoiler allows attorneys to spend more time working with business people on the contract’s substance, rather than the nuts and bolts. Attorneys can also focus more on their timeline on negotiations since they will spend less time bogged down in the review.
A Global 1000 corporation using BlackBoiler’s Automated Contract Markup technology reduced its contract review time from 45 minutes to 14 minutes within six months, resulting in a 68.9% time-saving. This translates to significant savings to the bottom line. Not only does BlackBoiler provide significant savings to the bottom line, it also improves the quality of output dramatically because it ensures consistency in contract language while also reducing risk. On top of that, the tools grow smarter and increase efficiency with every use.
The implementation process begins with a data transfer period where you send BlackBoiler your historically marked-up contracts or tell us your company’s standard contract terms and clauses. A bespoke editing model is created using our powerful patented AI and machine learning technology. BlackBoiler’s team will then check for inconsistencies in the data and invite your team to do the same. Once the editing model is finalized, one-hour training is conducted on how to use the tool before going live.BlackBoiler can be implemented quickly using its playbook builder feature. Users can build their own contract negotiation playbooks within the platform which powers BlackBoiler’s proprietary automated contract markup technology, so that users can quickly redline previously unseen contracts in minutes.
The clean and simple user interface guides users through the Playbook setup process in easy steps, with lots of helpful examples. Users of all levels will feel comfortable and confident, with no need for technical or coding know-how.
BlackBoiler’s Playbook Builder allows users to build their own playbooks in four ways:
Upload Contracts: users will be able to simply drag and drop examples of previously negotiated contracts into the user interface.
Answer Questions: users will be able to complete a simple Q&A on common categories of legal clauses you frequently edit.
Custom Build: users can add rules that will enforce specific edits to all documents of a given type.
Import Rules: users can apply rules they have previously set up for a similar contract, or from BlackBoiler’s pre-populated library of over 200 commonly used rules.
Sign up to request a free demo. One of our respresentives will be in touch.