Introducing Key Terms Extraction in LegalOn Assistant

Contracts are packed with critical terms—termination clauses, payment obligations, renewal terms, and more—that dictate key business risks and obligations. Extracting these terms manually is time-consuming, error-prone, and slows legal workflows.

That’s why we’re excited to introduce Key Terms Extraction in LegalOn Assistant, a new skill that automatically identifies and extracts important contractual terms in seconds.

What It Does

LegalOn Assistant now scans contracts and instantly extracts key legal terms, presenting them in an easy-to-read, structured table format. This feature helps legal and business teams quickly pinpoint crucial contract details, improving efficiency and reducing the risk of oversight.

Key Benefits

• Instantly Identify Critical Terms – Find key provisions automatically; no more manual searching.
• Structured Output – View extracted terms in a table format for easy reference.
• Quick Sharing & Documentation – Copy key details effortlessly to reports or legal memos.
• Works Across Platforms – Access in the LegalOn Web App and Word Add-in.

Why Key Terms Extraction?

Contracts govern essential business relationships. However, extracting key clauses often requires manual review and tracking, making the process slow and prone to errors. By automating key term extraction, LegalOn Assistant enhances legal workflows across a variety of use cases:

1. Contract Due Diligence: Legal teams reviewing contracts for M&A deals or investments can quickly identify critical clauses across multiple agreements.

2. Lease & Vendor Agreement Review: Procurement and real estate professionals can extract key terms—like SLAs, pricing adjustments, and lease renewal conditions—without digging through lengthy contracts.

3. Litigation & Risk Analysis: Legal teams can surface dispute resolution clauses, force majeure terms, and liability caps to assess legal exposure before initiating or defending a lawsuit.

Automate Contract Review with LegalOn Assistant

Traditionally, contract review requires extensive manual effort to track key clauses and ensure compliance. With Key Terms Extraction, you can automate this process, saving time and improving accuracy.

This feature is now live for all LegalOn Assistant users. Book a meeting with our team to experience faster, smarter contract reviews.