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Skill: Extract Contract Data

Learn to use CoCounsel's Extract Contract Data skill
Lawyers need to quickly review contracts to answer questions or identify and extract certain data. CoCounsel's Extract Contract Data skill reads files word-for-word to provide an answer table with a response for every contract for every question.
You may access the Extract Contract Data skill in various ways.
In this situation, we will begin by uploading files.
  1. Add files to the chat. CoCounsel will add files to the chat and ask how to proceed.
  2. Tell CoCounsel you want to extract contract data and then select send. CoCounsel will confirm its work.
    1. In the upper right corner of CoCounsel's response, the Extract Contract Data skill is confirmed.
    2. Under
      Questions
      , CoCounsel will list the questions to answer during its extraction. You may manage the questions:
      1. To edit a question, place your cursor within the text of a question.
      2. To delete a question, select the trash can.
      3. To add a question, select the button
        Add question
        .
    3. If you no longer need assistance, select
      Cancel
      .
  3. When you are ready to proceed, select
    Submit request
    . CoCounsel will begin its work and show its progress
    1. To receive a notification when the results are ready, select
      Email me when complete
      .
    2. To stop CoCounsel's work, select
      Cancel
      .
  4. When your results are ready, select
    View results
    . The results window will appear.
  5. Review the results.
    1. For every question for every file, there is a short answer, a longer explanation, and a link to the full analysis.
    2. To review CoCounsel's responses you may need to scroll up and down and left to right.
    3. To verify CoCounsel's responses, select the page numbers associated with a particular response. The side panel will open.
      1. On the left side under
        Sources in document
        , select page numbers to go to that part of the original document in the right-side viewing panel.
      2. On the right side, use navigation and search options to navigate the viewing panel.
    4. To close the panel, select
      Close panel
      .
  6. To download the results, go to the top of the results and select
    Download
     and then choose a download option:
    Word Document - Short Answers Only
    ,
    Word Document - With Explanations and Sources
    , or
    Excel Spreadsheet
    . The results will download.

Limitations

The request length can be up to about 30 questions.
The amount of relevant material CoCounsel can identify is not limited.
CoCounsel understands nuance, humor, and implied references. This means CoCounsel finds information and references that traditional search engines can't. The best requests are specific, clear, precise, and concise. When requests are not, CoCounsel may omit additional information to focus on just a part of a longer, complex, overbroad question.
CoCounsel reads each file on its own. This means CoCounsel can't complete requests that require CoCounsel to compare or contrast information across separate files.

Tips

  • Use narrow, specific questions. It's better to ask multiple, narrow questions rather than a single, broad question.
  • Be precise and concise
    • Avoid using vague or ambiguous language, like passive voice.
    • Spell out legal terms a law student might not know.
    • Grammatical and spelling errors in a question can be misinterpreted.

This article applies to:

  • Product: CoCounsel
  • Subject: AI
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