Spellbook Review 2024: What It Is, How to Use It & Is It Worth It?

Draft and review contracts with AI assistance.

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Instantly draft new clauses and sections

Detect aggressive terms

Suggest missing clauses and definitions

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Spellbook Description

Spellbook is an AI tool that's been trained on billions of lines of legal text to help you draft contracts more efficiently. It instantly suggests language for new clauses and entire sections based on the context of your agreement, helping you close deals faster by getting the small stuff out of the way. In addition to drafting assistance, Spellbook also helps you detect aggressive terms and suggests important language and clauses that may be missing from your contract. It even offers negotiation suggestions, highlighting common points of negotiation. The tool uses GPT-4 and other large language models to review and suggest terms for your contracts, and it's integrated right into Microsoft Word.
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Spellbook Detailed Review

So, let's dive into the specifics of Spellbook. One of the key use cases for this tool is its ability to generate precise redlines. By following your instructions, it can generate redlines that are tailored to your specific needs. This saves you time and effort by automating the process of reviewing and suggesting changes to your contracts.

Another useful feature of Spellbook is its ability to suggest language for new clauses and entire sections. By analyzing the context of your agreement, it can instantly draft new language that is relevant and appropriate. This can be a huge time-saver, especially when you're working on complex contracts with multiple sections and clauses.

Spellbook also excels at detecting aggressive terms in your contracts. It has been trained on a vast amount of legal text, allowing it to quickly identify sneaky or unusual terms that may be hidden in your agreement. By flagging these terms, Spellbook helps you ensure that your contracts are fair and balanced.

One potential downside of Spellbook is that it may not be suitable for all types of contracts. While it is tuned for legal use and integrated with Microsoft Word, it may not have the same level of expertise in specialized areas of law. If you're working on contracts that require highly specialized knowledge, you may still need to consult with a human expert.

As for pricing, Spellbook is still in early access and taking their time onboarding users. Potential users are encouraged to get in touch with the company to join the waitlist. However, it's worth noting that AI tools like Spellbook often come with a subscription-based pricing model. This means that you'll need to pay a recurring fee to access the tool's features.

In summary, Spellbook is a powerful AI tool that can significantly streamline the contract drafting process. With its ability to suggest language, detect aggressive terms, and offer negotiation suggestions, it can help you close deals faster and ensure that your contracts are fair and comprehensive. While it may not be suitable for highly specialized areas of law, it is a valuable tool for general contract drafting and review.

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