Spellbook
Spellbook is an AI Contract Drafting & Review tool developed by Rally Legal. It utilizes OpenAI’s GPT-3 language model to provide invaluable assistance to legal professionals in the process of drafting and reviewing contracts. With its advanced capabilities, Spellbook can instantly generate new clauses and entire sections based on the specific context of the agreement.
It also excels at identifying aggressive or unusual terms, suggesting important language and clauses that may be missing, and offering common negotiation points. Moreover, Spellbook has the unique ability to reference factual information from reputable sources like Wikipedia and books. Notably, it is the only GPT-3 powered tool that has been specifically tailored for contracting and seamlessly integrated with Microsoft Word.
While currently in early access, Spellbook will gradually expand its user base in the coming months as Rally Legal continues to refine and enhance the product.