Adobe has unveiled a groundbreaking AI feature for its Acrobat software that promises to revolutionize the way people interact with contracts and legal documents. This new tool, part of the Acrobat AI Assistant, is designed to automatically recognize when a PDF is a contract and provide users with a comprehensive summary and analysis of its contents.
Acrobat AI Assistant addresses common legal issues
The AI assistant can handle both digital and scanned documents, making it versatile for various types of contracts. Once it identifies a contract, the AI generates an overview, highlighting key terms and providing clear explanations of complex legal language. This feature aims to address a common problem: according to Adobe’s survey, nearly 70% of consumers have signed contracts without fully understanding all the terms, while 64% of small business owners have avoided signing contracts due to lack of confidence in their understanding of the content.
One of the standout features of the Acrobat AI Assistant is its ability to compare multiple versions of a contract. Users can upload up to ten different versions of a document, and the AI will quickly identify discrepancies and inconsistencies between them. This capability is particularly useful for businesses dealing with multiple drafts of agreements or individuals comparing different service contracts.
Acrobat AI Assistant citations and clear explanations of legal terms
To ensure accuracy and transparency, the AI provides clickable citations for its summaries and explanations. This allows users to easily verify the information by referring back to the original text in the contract. The tool also suggests relevant questions based on the content of the document, helping users to consider important aspects they might otherwise overlook.
Adobe emphasizes that this feature is not intended to replace legal professionals but rather to complement their work by making the initial review process more efficient. It can help users identify areas that may require further professional consultation.
The Acrobat AI Assistant is available as a $5 per month add-on for both paid Adobe Acrobat users and those using the free Acrobat Reader. This pricing strategy makes the tool accessible to a wide range of users, from individual consumers to small businesses and large corporations.
Adobe’s introduction of this AI-powered contract analysis tool reflects a growing trend in the use of artificial intelligence to simplify complex tasks. By making contract review more accessible and efficient, Adobe aims to empower users to make more informed decisions when dealing with legal documents.
As with any AI tool handling sensitive information, questions about data privacy and security are likely to arise. Adobe will need to address these concerns to ensure user trust in the platform, especially when dealing with confidential contract information.
Why it matters
Adobe’s new AI feature in Acrobat represents a significant step forward in making contract review more accessible and efficient. By automating the process of summarizing and explaining complex legal documents, Adobe is potentially changing the way businesses and individuals approach contract management.
