Upon acquiring a prominent SaaS provider for one billion USD, multinational investment bank inherited a web of complex legacy contracts.
Challenge
- Smooth integration of acquisition hinged on thorough assessment of thousands of unstructured contracts
- Customer lacked adequate visibility into active legacy agreements of the acquired company
Solution
Elevate conducted comprehensive review using combination of its proprietary AI platform and team of expert attorneys
- 7,000 contracts processed quickly by AI and “human-in-the-loop” analysis
- All contracts organised into parent-child hierarchies
- Crucial data extracted and categorised into 130+ metadata fields (including assignment rights, change of control, subcontracting restrictions, caps on claims for breaches, indemnities, data privacy, fees, payment terms, CPI, geographical restrictions, and more)
- Generated fully searchable output file with links to source documents