I have no way of knowing whether BlackBoiler’s claims that its competitors have no patents is correct. And the system can insert preferred language or extract language that needs to be customized. The patents allow the system to read the proposed clause and decide if it’s something that the client will accept. This ability will enable revisions to be automatically inserted into contracts with the correct value (e.g., party name, contract subject, contract name, etc.) to match the language used in the agreement, again according to the BlackBoiler press release.
The other patent allows users to automatically manage standard negotiation clauses by contract domain. According to the BlackBoiler press release, less than 25% of legal departments have this kind of playbook. This ability will automate building playbooks and standards for automated contract markup.
One of the new patents is for a method of creating seed data through suggested edits to an electronic document. To date, BlackBoiler has been granted seven USPTO allowances and has additional patent applications pending in Canada and Europe. Blackboiler claims that none of it’s competitors – LawGeex, ThoughtRiver, ContracPodAI, Lex Check – own IP in this space, even though they claim to offer similar products.
Patent my logo series#
I called Dan since, on the heels of its Series A funding, BlackBoiler announced last week it was recently issued its 6th and 7th patents for its AI-assisted contract review technology.
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