AI in Practice
Contract review is tedious, but missing something can be expensive. In this episode, Chris Brown of Pixel Law shares his screen as he reviews a 56-page Asset Purchase Agreement using Spellbook. See how effective AI tools can help you: - Surface unknown risks, - Draft clauses like indemnification and delivery terms, and - Update you on substantive legal issues within a contract. Chris also shares how he uses Spellbook for a "second opinion," and why he believes AI will change the practice of law. ๐ช๐ต๐ฒ๐ฟ๐ฒ ๐๐ผ ๐ณ๐ถ๐ป๐ฑ ๐๐ผ๐ฑ๐ฎ๐'๐ ๐ด๐๐ฒ๐๐: https://www.linkedin.com/in/thepixellawyer/ ๐ ๐ง๐ต๐ฒ ๐ฅ๐ฒ๐ฑ๐น๐ถ๐ป๐ฒ ๐ก๐ฒ๐๐๐น๐ฒ๐๐๐ฒ๐ฟ: Get the latest news, trends, and tactics in legal AIโstraight to your inbox. โ join free: https://www.spellbook.legal/newsletter ๐ ๐ฆ๐ฝ๐ฒ๐น๐น๐ฏ๐ผ๐ผ๐ธ: Draft and review contracts 10x faster โ try it free: https://www.spellbook.legal ๐ง๐ถ๐บ๐ฒ๐๐๐ฎ๐บ๐ฝ๐: 0:00 - Introduction 0:37 - What contract review looked like before AI 1:52 - The document: a 56-page asset purchase agreement 2:11 - High-level risk overview 4:18 - Diving into indemnification 8:25 - Non-compete analysis and Florida law 10:46 - Breaking down the purchase price 15:08 - Reps and warranties review (35 issues in 9 pages) 17:52 - Running the same prompt twice for a second opinion 18:24 - Closing deliveries and what's missing 22:08 - Catching missing terms across the document 24:44 - Compare to Market feature 28:35 - What stood out most from the process 29:51 - When to trust AI vs. your own judgment 31:00 - How to get started with AI tools 32:09 - Wrap up
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