Contract negotiation is essential to any in-house lawyer's or legal manager's job. It is a slow process full of endless back-and-forth, manual changes to clauses, and a constant risk of errors. Each adjustment requires revisions, approvals, and, in many cases, long email chains that lengthen the closing of deals.
But technology has arrived to transform this process. Clause automation and artificial intelligence (AI) are enabling a much more strategic approach to the way we close deals, which brings us to the evolution of contracts. In this article, we'll explore how AI and legal prompting are changing contract negotiation and how you can leverage these tools to optimise your work and reduce negotiation times. Let's get started.
This article is available in Spanish.
In this article you will find:
If you have ever been involved in contract negotiation, you are familiar with this situation:
The problem is that these inefficient processes affect not only the legal team but also the business: delaying a contract can mean losing a commercial opportunity or increasing costs by not closing a deal at the right time.
The good news is that contract negotiation can be faster, more accurate and more strategic thanks to automation and AI.
Today, a number of advanced legal tech tools make it possible to automate key parts of the contract negotiation process. For example, using Contract Lifecycle Management (CLM) software with integrated AI, legal teams can:
A CLM with AI enables contract negotiation to be more agile and efficient, removing repetitive tasks and allowing you to focus on what really adds value: thinking strategically about contracts so that they help to secure favourable deals for the business and avoid legal risks.
You may be interested in: What is a CLM? Discover the power of Contract Lifecycle Management
Artificial intelligence is playing a key role in the transformation of contract negotiation. Its applications are very diverse, but among the most decisive ones we find:
The result is clear: AI does not replace human negotiation, but it makes it much more efficient and strategic.
One of the most disruptive advances in contract negotiation has come with the emergence of legal prompting. This is a methodology that optimises interaction with generative AI, allowing lawyers to obtain more precise answers tailored to each specific contract.
You may be interested in: What is Legal Prompting? How to optimise its use in the legal sector?
Before: a lawyer had to manually draft an indemnity clause in a service contract, reviewing previous contracts for reference.
Now: using a well-designed prompt, AI generates an industry-tailored clause in seconds, aligned with current regulations and optimised for negotiation.
This approach reduces time, improves accuracy and allows legal teams to focus on more strategic and lawyer-satisfying tasks.
If you want to take your contract negotiation process to the next level, here are some key tips:
Understanding technology and using it for everyday tasks is becoming a necessity for a legal sector that already embraces innovation. Ultimately, the future of contract negotiation lies not in endless manual reviews, but in the combination of technology and legal strategy.
The way we negotiate contracts is evolving. Automation and artificial intelligence are no longer the future, but the present for legal teams looking to optimise their time and improve the accuracy of their deals.
If you want to take your contract negotiation to the next level, eliminate tedious processes and speed up deal closing, it's time to take the next step.