When registering on the Internet, make a purchase or hire some service, surely you have seen the typical table to accept the terms of the contract. It is a very long text, in which there is usually a small print. They are not really cheating you as such, since everything you accept you have it there, but we rarely read that text. It is true that there is some obligation on the part of companies to put the most accessible the main thing, but it is not always fulfilled and there are many “gray”. Can AI help solve this issue?
The truth is that yes. Artificial intelligence can be a very useful tool to read those long contractual terms and detect anything that is not positive. This makes things very easier for us and makes us save time. Adobe Acrobat now has the solution with the new tool they have launched.
Adobe wants to use AI to read contracts
The objective of Adobe Acrobat is clear: to help users read the contracts and avoid deceptive clauses that can ignore. If we read all the terms, it could mean an important loss of time. Even more if it is something we have to do continuously. To do this, AI will play a fundamental role.
What Adobe has done is to add to its program Functions, called Contract AI, which will allow reading, interpreting and summarizing contracts, tax forms and other legal agreements. The user, instead of reading all that text, could simply see the summary generated or focus on the most important points that artificial intelligence has selected.
But not only will it be used to have a summary of that contract, but it can also be used to understand it better and get to make decisions. Of course, we would be giving our confidence in this adobe function. It can be interesting to better understand terms that can be complex and thus decide what interests most.
Save time
The main mission is to save time. For example, think of a job or rental contract of your home. It is possible that, at one point, certain terms have changed and you have to sign to accept them. The text can be very long, so it could be complicated to detect exactly what has changed. Contract ai allows you to do it quickly.
Another frequent problem is that contracts, in many cases, use terms and phrases that are not easy for many people. Artificial intelligence may have the ability to make a more understandable summary or use words and expressions that are easier for users who are not experts in the field.
You will be able to give indications to Adobe AI to perform actions such as summarizing the text, finding something punctual, etc. All this will save time and, also, avoid possible scams with the print of the contracts or clauses that we do not always keep in mind.
In short, AI can be a very useful tool for long contractual terms on the Internet. It can serve to save time when reading it, but also better understand something and make decisions. Just as there are methods to know if a page is a fraud, we could also detect if a contract can be fraudulent.
