Managing contracts can be a real challenge, especially when you’re dealing with multiple agreements at once. A recent study found that businesses lose an average of 9.2% of their annual revenue due to contract mismanagement. That’s a significant loss.

Luckily, AI contract review software is already here to help by automating key tasks, reducing errors, and optimizing the entire process. Instead of spending hours going through legal documents, AI tools allow you to focus on making better decisions and saving time.

In this guide, we’ll talk about what these tools are, how they can benefit your contract process, and some of the best tools you can start with.

What is AI Contract Review Software?

AI contract review software helps businesses and law firms save time and reduce the stress of managing contracts.

Instead of manually reviewing every detail, the software uses advanced technology to:

  • Pull out important terms like payment conditions, deadlines, or renewal terms
  • Identify clauses that might be problematic or need closer attention
  • Compare contracts to a set of standards or templates to spot inconsistencies
  • Cut review times from hours to minutes, allowing you to focus on bigger priorities

This type of software is a great investment for teams that handle a lot of contracts. It doesn’t just make the process faster—it makes it more reliable and reduces the chances of errors that could lead to bigger problems down the line.

7 Best AI Contract Review Solutions Today

Choosing the right AI contract review tool can make a big difference in how efficiently and accurately you handle contracts. Each solution comes with its own strengths, so finding one that fits your needs is key. 

So, we’ve compiled some of the best options today to help narrow down your choice:

1. Percipient

Percipient isn’t just another software tool—it’s a full-service solution that combines AI technology with human expertise. Ideal for corporate legal departments managing high volumes of contracts, Percipient offers a unique blend of automation and personalized legal review.

Percipient

Unlike self-service platforms, Percipient works closely with your team to customize its approach to meet your specific contract requirements. This makes it an excellent choice for organizations that prioritize accuracy and a hands-on partnership.

of contracts, Percipient offers a unique blend of automation and personalized legal review.

Unlike self-service platforms, Percipient works closely with your team to customize its approach to meet your specific contract requirements. This makes it an excellent choice for organizations that prioritize accuracy and a hands-on partnership.

Best Features

  • Tailored onboarding: Personalized setup to align with your organization’s contract standards and legal playbook.
  • AI-driven analysis: Advanced software identifies clauses, flags risks, and suggests edits based on your guidelines.
  • Expert validation: Human legal professionals review AI-generated outputs for accuracy and nuance.
  • Seamless collaboration: Detailed redlines and explanations make finalizing contracts straightforward and efficient.

Pros

  • Combines AI efficiency with human oversight
  • Offers personalized onboarding for tailored results
  • Excellent for managing complex, high-volume contracts
  • Reduces the risk of errors with thorough legal reviews
  • Provides a collaborative workflow for faster decision-making
  • Captures relevant contract metadata for seamless integration with contract management software
  • Adapts to your organization’s specific contract standards and compliance needs
  • Delivers clear, actionable feedback for quicker contract finalization

Book a call today and see how Percipient works!

2. Luminance

Luminance is an AI tool designed to assist businesses and law firms with contract review and analysis. Its focus is on using advanced machine learning to provide fast, reliable insights into your contracts, which makes it a good fit for in-house legal teams looking to save time and improve accuracy.

Luminance

Source: Luminance.com

Luminance stands out for its intuitive interface and ability to adapt to different contract types and legal frameworks, which is why it’s trusted by organizations of all sizes.

Best Features

  • Smart contract analysis: Highlights key clauses, risks, and obligations automatically.
  • Intuitive interface: Makes navigating and reviewing contracts simple and efficient.
  • Machine learning capabilities: Adapts to your organization’s preferences for more personalized results.
  • Global compliance tools: Designed to handle contracts across jurisdictions, making it suitable for international businesses.

Pros

  • Easy to use, even for non-technical users
  • Reduces time spent on contract analysis
  • Adapts and improves with continued use
  • Handles a variety of legal processes beyond contract review

3. ContractSafe

ContractSafe is a contract management platform designed for businesses that want a simple yet powerful solution to organize, store, and manage their contracts. While not as heavy on advanced AI features as some competitors, ContractSafe excels in accessibility and ease of use.

Contract Safe

Source: G2

It’s a suitable choice for teams that need an efficient way to keep track of deadlines, key terms, and compliance requirements without getting overwhelmed by technical complexity.

Best Features

  • Centralized storage: Keep all contracts in one secure, cloud-based location for easy access.
  • Advanced search capabilities: Find contracts or specific terms with keyword and filter searches.
  • Deadline reminders: Automated alerts for key dates like renewals or terminations.
  • User-friendly interface: Simple and intuitive, requiring minimal training.

Pros

  • Easy to set up and use without a steep learning curve
  • Keeps contracts organized and searchable in a single platform
  • Sends automatic reminders to help manage deadlines
  • Offers secure, cloud-based storage for peace of mind

4. Juro

Juro is a versatile contract management platform designed to simplify the entire contract lifecycle for teams that need efficient collaboration and workflow tools.

Juro

Source: G2

It’s suitable for businesses that handle contracts regularly and want an easy way to create, review, and manage them in one place. With a focus on automation and a user-friendly interface, Juro stands out as a collaborative tool for legal and business teams alike.

Best Features

  • End-to-end contract management: Covers creation, negotiation, and storage in one unified system.
  • Real-time collaboration: Teams can work together on contracts without version control issues.
  • Template library: Provides reusable templates for faster drafting.
  • Searchable repository: Find contracts or terms instantly with advanced search tools.

Pros

  • Designed for seamless collaboration across teams
  • Automates repetitive tasks to save time
  • Intuitive interface that’s easy to navigate
  • Includes built-in templates to streamline contract creation

5. Summize

Summize is an easy-to-use AI contract review tool designed to make contract management faster and less overwhelming. Summize’s focus on simplicity and speed makes it a practical choice for small to mid-sized businesses that want efficiency without sacrificing accuracy.

Summize

Source: G2

Best Features

  • Quick contract summaries: Extracts key points and risks in minutes.
  • Microsoft Word integration: Review and edit contracts directly within Word.
  • Collaboration tools: Share insights and summaries with your team through integrations like Slack and Teams.
  • Customizable outputs: Tailor summaries and reports to meet your team’s needs.

Pros

  • Fast and accurate contract analysis
  • Seamless integrations with popular collaboration tools
  • Easy to learn and use without extensive training
  • Offers clear, digestible summaries of contracts

6. Legartis

Legartis is an AI-powered contract review tool built for businesses and law firms, with a strong focus on multilingual capabilities and compliance across jurisdictions. It’s a good choice for organizations operating internationally or managing diverse legal requirements.

Legartis

Source: Legartis.ai

Best Features

  • Multilingual analysis: Understands and reviews contracts in multiple languages.
  • Risk detection: Flags high-risk clauses and suggests alternative language.
  • Customizable workflows: Adapts to specific legal and business requirements.
  • Searchable contract repository: Quickly locate terms and clauses across your contracts.

Pros

  • Suitable for businesses managing multilingual contracts
  • Focuses on compliance with regional legal standards
  • Simple interface that’s easy to use
  • Reduces the time spent reviewing international agreements

7. LegalOn

LegalOn is a powerful AI contract review solution designed to help businesses and law firms identify risks and improve contract accuracy. Known for its advanced AI capabilities, LegalOn simplifies the review process by highlighting potential issues and suggesting actionable changes.

LegalOn

Source: LegalOnTech.com

Best Features

  • Advanced risk detection: Flags potential legal and business risks within contracts.
  • Clause analysis: Breaks down complex legal language and suggests revisions based on best practices.
  • Customizable templates: Tailors reviews to align with your organization’s needs.
  • Search and organize: Provides a central repository for efficient contract management.

Pros

  • Excels at identifying and mitigating risks
  • Simple interface that’s easy to navigate
  • Suitable for teams with varying levels of legal expertise
  • Adapts well to businesses of any size

How Can AI Optimize Your Contract Review Process?

Reviewing contracts can feel like a never-ending task, especially when you’re dealing with a large pile of documents. AI contract review tools can change that by handling the repetitive work for you, so you can spend less time combing through the fine print and more time making decisions that actually move your business forward.

Let’s break down how AI can make your contract review process easier and more effective.

Saves Time

Reviewing contracts manually can be a slow, tedious process, especially when you’re dealing with long agreements or a high volume of legal documents. It often feels like the work never ends, pulling your attention away from more important tasks. 

AI tools change that by speeding up the entire process with:

  • Fast analysis: AI scans and reviews contracts in minutes, reducing hours of work.
  • Immediate insights: Key clauses, risks, and terms are highlighted instantly, so there’s no need to dig through pages.
  • Reduced back-and-forth: Quickly identify problem areas, cutting down revision cycles.

Reduces Errors

We all know mistakes happen, especially when you’re stuck reviewing page after page of legal jargon. It’s easy to miss something—a clause that doesn’t match the agreement, a risky term, or a small inconsistency.

AI tools are built to catch those issues. They are designed to catch details that might slip past even the sharpest reviewer. They flag potential risks, highlight missing clauses, and make sure everything lines up properly.

With AI lending a hand, you get that extra layer of accuracy, which means fewer errors and fewer headaches down the road.

Highlights Key Terms

Contracts often hide crucial details in a dense, hard-to-navigate text. Payment terms, renewal dates, or termination clauses can easily get overlooked when you’re scanning through pages.

AI tools simplify this by automatically extracting and organizing these important elements for you. Instead of wasting time hunting for key terms, you’ll have them clearly presented and easy to access.

For example, AI can quickly highlight:

  • Payment schedules to ensure clarity on deadlines
  • Renewal conditions to avoid missing critical dates
  • Termination clauses to flag any potential risks

Person signing a contract

Improves Compliance

Keeping contracts in line with company policies, industry standards, or legal requirements can get complicated when managing multiple agreements. Inconsistent wording or missed clauses can lead to serious compliance issues.

AI tools help by reviewing contracts against your established guidelines, flagging anything that doesn’t align. They also make it easier to track updates in regulations so your agreements stay up to date.

With AI’s ability to check for consistency and accuracy, you can reduce the risk of non-compliance and feel more confident that every contract meets the necessary standards without extra effort on your part.

Simplifies Organization

Trying to track down a specific contract or clause can feel like searching for a needle in a haystack. With AI tools, all your contracts are stored in one organized, searchable system. 

You can quickly locate a clause from an old vendor agreement or check the renewal terms on a current contract without wasting time digging through files.

The search functionality makes it easy to filter by keywords, dates, or contract types, so the information you need is always at your fingertips. This streamlined approach saves time and eliminates the frustration of hunting through scattered documents.

Cost-Effective

Having a legal team review every single contract can get expensive, especially if you’re managing a lot of them.

AI can step in to handle repetitive tasks, which can reduce the need for hours of manual work. This helps cut costs while still delivering the accuracy and detail you need. For businesses working within a budget, it’s a practical way to save money and keep operations efficient.

Percipient Combines AI With Human Expertise

Dealing with contracts doesn’t have to be the headache it once was. AI contract review software has transformed the way businesses handle agreements, making the process faster, easier, and more reliable—whether it’s a straightforward document or a more complex legal agreement.

If your goal is to save time, reduce errors, or ensure compliance, these tools can have a big impact on your operations.

Among the many options, Percipient is unique. It goes beyond automation by pairing advanced AI with expert human review, ensuring every contract is handled with precision. This approach gives you the confidence that every detail has been addressed accurately.

Ready to simplify your contract management? Book a call with our team today and discover how Percipient can help you work smarter, reduce risks, and keep your workflows running smoothly.

FAQs About AI Contract Review Software

Is there an AI to review contracts?

Yes, AI contract review software is widely available. These tools use an AI model to analyze contracts, identify key terms, highlight risks, and even suggest changes. They make the contract review process faster, more accurate, and less prone to human error.

What is the best AI tool to summarize contracts?

Percipient is a strong option for summarizing contracts. It combines AI-driven analysis with human expertise to provide quick, clear summaries of important contract terms. The platform extracts key clauses, highlights potential risks, and suggests edits, ensuring users can quickly understand the most important aspects of a contract without having to read through every detail. Whether you’re dealing with a few contracts or hundreds, Percipient streamlines the process and makes contract summaries more accessible and accurate.

How much does contract review software cost?

The cost of contract review software can vary depending on the features and the scale of the solution. Some tools offer pricing plans based on the volume of contracts or the number of users. You can expect costs to range anywhere from a few hundred dollars per month for smaller teams to thousands per month for more comprehensive, enterprise-level solutions. Many companies, like Percipient, offer personalized quotes based on your business’s needs.

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