Overview
Uhura Solutions has developed a new AI-based contract analysis solution to help businesses understand the impact of the COVID-19 outbreak on contracts and agreements. The solution reviews contract terms and specifically looks for a force majeure clause that allows the party to back out of a deal without penalty. The solution is designed to be intuitive and easy to use. The user only has to upload the contract and the solution will automatically process it and report results. The AI-enabled solution is flexible and powerful enough to seek out force majeure clauses in contracts. The solution answers the questions: Is there a specific reference to an epidemic or pandemic as a force majeure event? If not, are there phrases that relate to government measures, or events beyond the reasonable control of the parties? What happens in a force majeure event? No business has been spared from the devastating effects of the COVID-19 infection. The spread of the coronavirus infection is causing delays, reductions, or cancellations of service contracts. Businesses seek to understand their options and determine how a pandemic impacts longstanding business agreements. Keeping COVID-19 in mind, knowing which contracts have a force majeure clause in them will allow companies to assertively react to any business risks when they happen.
Highlights
- A new AI-based contract analysis solution helps businesses understand the impact of the COVID-19 outbreak on contracts and agreements.
- The solution reviews contract terms and specifically looks for a force majeure clause that allows the party to back out of a deal without penalty.
- Keeping COVID-19 in mind, knowing which contracts have a force majeure clause in them will allow companies to assertively react to any business risks when they happen.
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Dimension | Description | Cost/12 months | Overage cost |
|---|---|---|---|
Tier 1 | Up to 50.000 pages per year | $15,000.00 | |
Tier 2 | Up to 200.000 pages per year | $45,000.00 | |
Tier 3 | Up to 500.000 pages per year | $90,000.00 |
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