This secondary, AI-focused article explains the differences between the Contracts table in the standard system and the Contracts table in the standard system with AI. These details are listed here in order to eliminate confusion in the primary Contracts article.

Differences

With AI enabled, the Contracts table gains few additional fields as listed below:

Use Cases

When you receive a contract document from a 3rd party, create a Contract record by filling the basic information in the Common Area and select the Document Source as 3rd Party. You can then attach the document to 3rd Party Document field and click the Extract Key Terms and Clauses button.

This creates an Attachment record and triggers rules to extract key terms and clauses from the document. The extracted key terms are then populated in the Contract record under Contract Information and Contract Party Information sections in the Details tab. The extracted clauses are displayed in the Contract Clauses section in the Attachments tab.

Automation

The Contracts table also contains few new rules that isn't normally found in the standard demo. These are: