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Compare Precedent Functionality

Learn more here: https://legalassistant.au Okay, in this video we’re going to go through how the Compare Precedent function works in AI Legal Assistant. You’ll notice that I’ve uploaded two different Transitional Services Agreements. They are the same document, but there have been a number of changes made to one of them. For this demonstration, I’ll show you the two files. The one on the left-hand side is this one here, and the one on the right-hand side is the other version. The first thing you’ll notice is some red text. We’ve randomly deleted some text and made it red. There’s no markup on it — I’ve simply made it red to indicate that it has been deleted from the document on the right-hand side. What we’re going to do is click into this document. First, we go up to Multi-Doc and turn that on. Then we find our folder, which is called “Compare.” You can see that we’ve got the document there. I’ll also select the document we’re currently in and click Done. Now, if we go over to Review and click on Compare Precedent, we can choose which document is our precedent and which one is the other document. I’m going to reverse these because my precedent is this one here — the one that was on the left. Under Compare Precedent, you’ll notice a number of different options. For example, we can click on Missing Clauses. What this will do is find clauses that are in my precedent document but missing from the other document. If something has been removed from the incoming document, it will pick that up because I’ve selected Missing Clauses. Let’s let that run. We’ve got our results back, so let’s take a look. It’s saying that clause D — “the disclosing party identifies as confidential at the time of disclosure” — is missing from the document. If we look at clause 1.1 side by side, you can see that Confidential Information clause D has been removed from the other document. That’s why we made it red here. Looking at the next one, it says that “Share Purchase Agreement means the share purchase agreement between…” is missing. If we check, we can see that it has been removed from the other document. It should appear above “third party,” but it’s not there. It has also picked up on the removal in clause 1.2(a)(x), where we deleted a word. I could continue going through these, but I won’t for now. Instead, I’ll run a different comparison. This time, I’ll look for Additional Clauses. This works similarly, except now we’re identifying clauses that have been added to the incoming document. We’ve inserted green text into that version to show additions. If we look under Operative Provisions side by side, you can see that certain wording does not appear in the precedent document, so we would expect it to come up. Here we go — clause 1.1 Completion. It says the incoming document contains significantly expanded definitions of Completion. That’s correct. It expands the definition to state that Completion means the successful finalisation of the sale and transfer of the sale securities by the seller. If we check, that’s exactly what it has identified.