Contract Dispute Resolution using AI, SiftERs and workspaces
My 2022 Christmas break commenced with a Contractual Dispute Resolution instruction.
Location:
Central Africa
Industry Sector:
Agri-Business
INSTRUCTIONS:
Negotiate acquisition of majority equity in the holding company by exploiting contractual based issues arising between parties of the holding company.
Reason for approaching MLS:
Advisor approached MLS because speed alongside depth of analysis was critical for a successful negotiation to occur. We were the only provider that had both the Legal expertise, Contractual Reviewers and Technologists required and necessary if the objective derived from instructions were to be achieved.
Phase I - DOCUMENT / FILE RETRIEVAL using ai of dealvIsion
Document retrieval is defined as the matching of some stated MLS query against a set of Client records. These records could be any type of mainly pdf, word, excel, powerpoint, image, video and unstructured data such as newspaper articles, real estate records or paragraphs in a manual.
MLS shares with client a check list to guide the client through what is needed for MLS to effect a Contract Review.
MLS sets-up a Workspace for upload by Client of Files for Review
MLS uploads Checklist in DealVision which uses AI to compare Checklist with Files Client uploaded to Workspace. DealVision identifies what Checklist items have been addressed. MLS knows what Checklist items are yet to be addressed and to reach out to Client for those items.
Reduced the time and effort in ensuring MLS had all Files needed to commence Review
Phase II - Contract Review and analysis using sifter algorithms
MLS identified types of Contracts in the Workspace and identifies the ideal document type that best matches each Contract type.
MLS tailors the sifters in each document type identified .
Each Contract is then analysed by Sifters in the matching document type and an Abstract is generated showing high, medium and low priority advisory for each Contract.
Phase III - FINDING REPORT GENERATION USING PITCH ROBOTS
Using Pitch Robots Power Point style reports are generated of findings from the Contract Review exercise.
Using same Pitch Robots Strategy Document advising on best approach is also generated.
All Contracts and Reports are securely shared with Parties to the dispute using the Workspace.