This market-changing new offering combines Victor’s insurance coverage and risk management expertise with LegalSifter’s artificial intelligence-powered contract review software.

Victor Contract Sifter delivers insureds a fast and easy way to spot potential coverage issues and receive actionable guidance on common issues that relate to insurability in professional services agreements. Victor is leveraging AI to expand the

accessibility of its contract review services and to provide your clients with access to real-time and practical risk management guidance.

The software uses AI, in the form of “Sifters,” which are trained to read text and identify important and relevant insurability concepts in contracts. The Sifters learn from user feedback and improve over time.

Victor’s in-context expert advice regarding issues of professional liability is embedded in the product and is available to users in every Sift. Design firms will routinely “Sift before they sign” as part of the contract review and negotiation process, and in turn, embed good risk management practices into their culture.

After you upload a professional services agreement into Victor Contract Sifter, within minutes, the product identifies common insurability and practice management issues and offers Victor’s guidance on those issues, including:

1. an explanation of the concept or issue;

2. professional liability or insurability concerns associated with the issue;

3. a recommended response and;

4. sample language.

AI-powered issue spotting speeds the process of contract review. Over time, you will gain lasting insight into key issues and learn how to respond effectively to those issues as you negotiate contracts. This approach to contract review may reduce risk and increase standardization of contract terms.

AI-powered issue spotting speeds the process of contract review. Over time, you will gain lasting insight into key issues and learn how to respond effectively to those issues as you negotiate contracts. This approach to contract review may reduce risk and increase standardization of contract terms.

The final redlined document with commentary can be exported out of the application as a Word document. The edited redlined document with proposed modifications can be sent as an attachment to your client, which will ease the contract negotiation process.

The product is optimized for the review of design firm professional services contracts. The issue spotting and expertise in Victor Contract Sifter are applicable to only these types of contracts. You should not use Victor Contract Sifter for the review of—or expect to receive appropriate risk management guidance for—other industry-related contracts such as Lender Consents to Assignments, NDAs, Joint Venture Agreements, Teaming Agreements, Lien Waivers, real estate or rights-of-way acquisition services or other non-professional services contracts.

The AI does not tell you whether the issues it has spotted in a contract are good or bad; the AI flags the issue and Victor’s added expertise within the product helps you determine how to respond to these issues. In other words, the AI predicts the issues present in the contract and you—with the help of Victor—make a judgment on how to respond to those issues. As a reminder, Victor’s expertise provides succinct guidance related to four areas:

1. Issue

2. Concern

3. Response

4. Sample language

The guidance may also provide a hyperlink to other resources on the topic.

This is not a legal review; it is a review of general insurability issues and other common practice management issues, such as copyright protections.