LegalForce Co., Ltd. 70% of respondents answered that they had “oversights” when examining contracts-LegalForce announces survey of “oversights” in contract examination-

LegalForce Co., Ltd.
70% Responded to “Experiencing Oversights” During Contract
Examination-LegalForce Announces Survey of “Oversights” in Contract Examination-

LegalForce Co., Ltd. (Headquarters: Koto-ku, Tokyo; Representative Director: Nozomu Tsunoda), which provides the AI ​​contract screening platform “LegalForce” and the AI ​​contract management system “LegalForce Cabinet”, has conducted a “Fact-finding survey of ‘oversights’ in contract screening”. I was.
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▽ Click here to download the survey report
https://legalforce-cloud.com/download/49
Survey outline
[Table 2: https://prtimes.jp/data/corp/36601/table/300_1_944f00822441ac7ab6529278fa3eb1a7.jpg ]

Survey summary
・ “71%” have experienced overlooking the contract
・44% of the time when they noticed an oversight in the contract was “after signing the contract”
・The reason for the oversight, such as “busy other than contract work” and “lack of concentration”
Excerpt from survey results
・ “71%” have experienced overlooking the contract
When asked about their experiences of “oversights” during contract review, 71% answered that they “have experienced oversights.” [Image 2

・44% of the time when they noticed an oversight in the contract was “after signing the contract”
As for the timing of noticing an oversight, “before the conclusion of the contract” was the most common, accounting for 68% of the total. 44% of respondents answered that they noticed it “after signing the contract”.
[Image 3

・The reason for the oversight, such as “busy other than contract work” and “lack of concentration”
Reasons why contracts were overlooked were: “I didn’t notice” (58%), “I was busy with work other than contract work, so I hurriedly drafted and reviewed the contract” (34%), and “I lacked concentration.” (34%), “I was in charge of a lot of cases, so I rushed to create and review the contract” (32%).
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LegalForce combines the legal knowledge of lawyers with the latest technology to develop and provide software that improves the quality and efficiency of operations in corporate legal affairs.
■ About LegalForce Co., Ltd.
LegalForce Co., Ltd. was founded in 2017 by two lawyers from major law firms. By combining the legal knowledge of lawyers with technologies such as natural language processing and machine learning, we develop and provide software that improves the quality and efficiency of corporate legal affairs. We are also contributing to academic fields, including joint research with Kyoto University. We have been providing the contract screening platform “LegalForce” since April 2019, and the AI ​​contract management system “LegalForce Cabinet” since January 2021.
[LegalForce Co., Ltd.] (URL: https://legalforce-corp.com)
・Company name: LegalForce Co., Ltd.
・Location: 6F Toyosu Front, 3-2-20 Toyosu, Koto-ku, Tokyo 135-0061 ・Representative: Nozomu Tsunoda, Representative Director
・ Business: Development and operation of software related to contract work ・Capital, etc.: 17.85 billion yen (including capital reserves, as of June 2022) Details about this release:
https://prtimes.jp/main/html/rd/p/000000300.000036601.html


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