• This comprehensive 5-day training program is meticulously designed to equip legal, business, and IT professionals with the essential knowledge and practical skills required to navigate and leverage the power of AI in contract management. Participants will gain a deep understanding of AI's core concepts, explore its diverse applications across the entire contract lifecycle, learn best practices for successful implementation, and address critical ethical and strategic considerations. By the end of this intensive course, attendees will be empowered to confidently drive digital transformation initiatives, optimize contract processes, and ensure their organizations remain at the forefront of legal innovation and operational excellence.

• • Acquire a comprehensive understanding of core AI and machine learning principles specifically applicable to the legal domain and contract lifecycle management (CLM).
  • Identify and analyze the critical stages within the contract lifecycle where AI applications can deliver substantial value, from drafting and negotiation to post-execution analysis and compliance.
  • Critically evaluate the capabilities and limitations of leading AI-powered contract management platforms and tools, enabling informed selection and strategic investment decisions for their organizations.
  • Develop actionable strategies for the successful integration, phased adoption, and scalable implementation of AI solutions within existing organizational contract management frameworks.
  • Effectively address and mitigate the inherent risks, complex ethical considerations, and stringent data privacy challenges associated with deploying artificial intelligence in sensitive legal and contractual environments.
  • Master techniques for optimizing contract workflows, significantly enhancing data accuracy, ensuring robust regulatory compliance, and extracting strategic business intelligence through intelligent AI automation.

• • Legal Professionals: Seeking to modernize their legal operations, enhance efficiency in contract review, and ensure robust compliance.
  • Contract Managers and Administrators: Professionals aiming to automate routine tasks, improve accuracy, and gain deeper, actionable insights from their contract portfolios.
  • Procurement and Supply Chain Professionals: Individuals involved in supplier agreements, purchasing contracts, and vendor management who can significantly benefit from AI for spend analysis, risk assessment, and contract lifecycle optimization.
  • Business Development and Sales Leaders: Professionals keen on streamlining contract generation, accelerating deal cycles, improving negotiation outcomes, and ensuring stringent contractual adherence for revenue generation and partnership agreements.
  • Risk Managers: Those leveraging AI for proactive identification of non-compliant clauses, potential liabilities, and contractual exposures.
  • Information Technology (IT) Professionals: Supporting legal or business departments, interested in understanding the technical architecture, integration challenges, data requirements, and deployment strategies of AI-powered legal tech solutions.
  • Organizational Leaders and Innovators: Executives and managers driving digital transformation initiatives within their companies, aiming to leverage cutting-edge technology for operational excellence, competitive advantage, and future-proofing their enterprises.

Day 1: Foundations of AI in Contract Management

• • Introduction to Artificial Intelligence and Machine Learning
  • Understanding NLP (Natural Language Processing) for Legal Text
  • Overview of the Contract Lifecycle and its Pain Points
  • Identifying Opportunities for AI Intervention in Contracts
  • Case Studies: Early AI Applications in Contract Review

Day 2: AI-Powered Contract Review & Analysis

• • Automated Contract Extraction and Data Abstraction
  • Clause Identification, Analysis, and Deviation Detection
  • Redlining, Version Control, and Comparison Technologies
  • Risk Assessment and Compliance Checking with AI
  • Practical Exercises: Using AI Tools for Contract Due Diligence

Day 3: AI for Contract Creation, Negotiation & Workflow

• • AI-Assisted Contract Drafting and Template Generation
  • Leveraging AI for Negotiation Support and Playbook Integration
  • Intelligent Workflow Automation and Approval Processes
  • Contract Analytics: Performance Metrics and Insights
  • Integration of AI with Existing CLM (Contract Lifecycle Management) Systems

Day 4: Implementation, Ethics & Future Trends

• • Developing an AI Strategy for Contract Management
  • Data Governance, Security, and Privacy Considerations in AI
  • Ethical Implications of AI in Legal Decision-Making
  • Change Management and User Adoption Strategies
  • Emerging Technologies: Blockchain, Smart Contracts, and Generative AI

Day 5: Advanced Applications & Strategic Integration

• • Predictive Analytics for Contract Performance and Renewal
  • AI in Dispute Resolution and Litigation Support
  • Building a Business Case for AI in Contract Management
  • Vendor Selection and Evaluating AI Solutions Providers
  • Workshop: Designing an AI-Powered Contract Management Roadmap

BTS attendance certificate will be issued to all attendees completing minimum of 80% of the total course duration.