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LawNext

Ep 246: How The Contract Network Is ‘Changing Contracts for Good,’ with Founder and CEO Jim Wagner

Apr 22, 2024
55:26
Snipd AI
Legal tech veteran Jim Wagner discusses the need to revolutionize contract negotiations and showcases The Contract Network's AI-powered platform for real-time collaboration. He highlights the evolution of the legal industry, emphasizing innovation for efficiency. The use of generative AI in contract negotiation, the focus on expediting clinical trial agreements, and the impact of AI on the legal market are also explored.
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Podcast summary created with Snipd AI

Quick takeaways

  • The Contract Network aims to drastically reduce negotiation times and enhance collaboration through an AI-powered platform.
  • Third-party paper, party sophistication levels, and negotiation strategies are significant obstacles in contract negotiations.

Deep dives

Mission of the Contract Network

The Contract Network emerged from stealth with a mission to vastly accelerate contract negotiations. Founded by legal tech veteran Jim Wagner, the platform addresses the prolonged negotiation times and lack of real-time collaboration tools in traditional contract negotiations. Wagner aims to streamline the process and enhance transparency among all parties, drawing from his extensive experience in the legal tech industry.

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