Contract Risk Report

Background

Contract risk reports are essential tools for legal, procurement, and compliance teams to identify potential issues before agreements are finalized. These reports help flag key obligations, termination clauses, indemnities, and liability limits that could expose the organization to risk.

However, manually reviewing contracts is tedious and error-prone, requiring careful clause-by-clause analysis. Teams often spend hours combing through multiple agreements, increasing the risk of oversight and slowing down contract cycles.

AutoReport was designed to automate this complex review process, enabling faster, more consistent contract risk assessments without sacrificing accuracy.

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Challenges

A legal operations team was tasked with reviewing a growing volume of supplier contracts,NDAs, master service agreements, and other legal documents. Their objectives were to:

• Identify and summarize key contractual obligations and risks
• Ensure compliance with internal policies and regulatory standards
• Maintain an audit trail linking findings back to original contract clauses

Their existing approach involved manual document review and risk tagging, which were time-consuming, potentially inconsistent, and difficult to scale as contract volume increased.

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Solution

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Sample Report

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Autoreport transformed the team’s contract risk reporting workflow into an automated,AI-powered process - while preserving full user oversight. To make contract risk reporting faster, more consistent and audit-ready, Autoreport provides a suite of powerful features:

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1. Custom Risk Review Templates

The team created reusable contract review templates tailored to their risk assessment needs. Common sections include:

• “Key Obligations”
• “Termination Clauses”
• “Indemnities”
• “Liability Caps”

Templates were drafted by AI and then customized for firm-specific language and priorities.

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2. Centralized Contract Upload & Integration

Contracts from various sources - supplier agreements, NDAs, MSAs, and service terms -were uploaded to Autoreport. Integration with external document management systems and contract review APIs further streamlined input management.

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3. Automated Risk Report Generation

AutoReport quickly analyzed contracts and generated draft risk reports:

• Extracted and summarized relevant clauses
• Flagged potential risk areas based on predefined criteria
• Structured findings in clear, actionable sections

4. Complete Control and Traceability

Throughout the review process, the team retained control:

• Source Tab: Easily swap source contracts and regenerate reports
• Outline Tab: Adjust report structure or add new risk categories
• Tracing Tab: See exactly which contract clause informed each insight, such as flagged risk
• Settings Tab: Modify format, language, and AI model settings as needed

5. Ready-to-Use Exports

Completed reports were exported as PDF or DOCX for distribution to stakeholders or inclusion in contract review workflows.

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Results

• Reduced contract review time by over 70%.
• Improved risk identification accuracy and consistency.
• Enhanced transparency, with report insight being directly traceable to the source contracts.
• Scaled contract risk reporting to meet growing workloads.

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Conclusion

AutoReport empowered the legal team to automate tedious contract reviews while maintaining full control. By accelerating risk reporting and improving traceability, the team stayed ahead of potential issues - enabling faster, more confident contract risks analysis.

With AutoReport, contract risk analysis doesn’t slow you down - it helps you stay ahead.