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Kira automatically converts files into machine readable form and uses our Built-In Intelligence to efficiently and accurately extract common clauses, provisions, and data points. For unique projects, you can use Quick Study to build your own smart fields, our machine learning models, to find what you need.

Contract analysis is a process used throughout the contract lifecycle to examine and track information within a contract. This trackable information could be financial or related to the status of the contract, its clauses, and changes in company policy.

6 Things to Look for During a Contract ReviewKey Clauses & Terms. Every line in a contract is important and needs to be reviewed closely, but some clauses and terms are clearly more significant than others.Termination & Renewal Terms.Clear, Unambiguous Language.No Blank Spaces.Default Terms.Important Dates & Deadlines.Jul 13, 2020

The stages of a contract of sale are: (1) negotiation, starting from the time the prospective contracting parties indicate interest in the contract to the time the contract is perfected; (2) perfection, which takes place upon the concurrence of the essential elements of the sale; and (3) consummation, which commences

CHICAGO, IL Aug 10, 2021 Litera, a global leader in legal technology solutions with more than 15,000 customers, announced that it has agreed to acquire Kira Systems (Kira), the industry leader in machine learning contract review and analysis software.

Interpretation involves an ascertainment of the meaning of the words and provisions of a contract. Whereas "construction" of a contract relates to the legal effect of the words used by the parties, "interpretation" addresses the meaning of the parties.

Top Tips for Understanding ContractsDon't accept a verbal agreement.Read the whole thing.Read it more than once.Ask questions.Understand what should be included, and what's missing.Remember that you can negotiate.Be reasonable research what you can expect.