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Chat GPT can draft contracts. A prompt such as, ?draft me an employment contract? will result in a fairly convincing-looking employment contract being produced. This might save lawyers time if they are struggling to find a template or example for a contract they need to produce.
AI-generated legal documents have become increasingly prevalent in various real-world settings. For instance, law firms can now use AI systems to draft agreements and contracts, saving considerable time and effort.
For example, Juro users simply submit a prompt in the platform asking for a contract or specific clause to be drafted. The contract AI then drafts the contract based on the information in your prompt and any additional guardrails and conditions you've set up.
AI-powered contract drafting tools can generate contracts in seconds based on the information you provide in your prompt. This means that this type of contract AI can automate the contract drafting process while also allowing you to customize them to meet your specific needs and use cases.
Contract AI makes it possible to generate contracts with the help of artificial intelligence and machine learning. You can create AI contracts from scratch using case-specific prompts, or you can work with any available template.