AI Contract Review: Extract Key Clauses and Risks in 10 Minutes (2026)
Contracts aren’t scary because of legal words. They’re scary because the real risk is buried in the parts you don’t pay attention to.
This guide gives a practical AI contract-review workflow (Eyesme example) to:
- extract key clauses
- surface red flags
- generate negotiation edits
- compare versions
The 6 areas to review first
- parties, scope, term
- pricing and payment schedule
- delivery/acceptance and change control
- termination and refunds
- liability, indemnity, caps
- dispute resolution (jurisdiction/arbitration)
10-minute workflow
Step 1: Contract summary card
Ask for:
- obligations for each party
- payment terms
- termination rules
- liability cap
- red flags (top 5)
Step 2: Red-flag drill-down
Prompts:
- “What is the worst-case scenario for this clause?”
- “Is there a liability cap? What’s excluded?”
- “What happens if acceptance is delayed?”
Step 3: Negotiation edits
Ask for:
- low-effort edits that reduce risk
- high-impact clauses to renegotiate
Step 4: Version comparison
Provide both screenshots/paragraphs and ask for a diff list.
Bottom line
Use AI to find the clauses worth your attention—then make a real decision.
Legal disclaimer: This post is for informational purposes only and does not constitute legal advice. For high-stakes contracts, consult a qualified lawyer.