🚀Coming Soon: Contract Intelligence Integrated with LCM

We’re pleased to announce that later this quarter, we will release a major enhancement to our License and Contracts Manager (LCM), integrating our new NEO Contract Intelligence skill.

This new module will allow users to automatically extract, analyze, and assess contracts, streamlining license management and reducing compliance risk across the board.

🔍 What’s Coming in the First Release

The initial rollout of Contract Intelligence within LCM will include:

• Clause Extraction
  Automatically identify key legal and commercial clauses such as audit rights, license scope, renewal terms, and pricing structures.
• Structured Data Mapping
  Extract and populate contract metadata (e.g. product, vendor, entitlement type, renewal dates) into the LCM environment without manual entry.
• Standardized Risk Assessment
  Evaluate each contract against a configurable baseline to highlight deviations, aggressive clauses, or missing protections.

This release ensures that every contract added to LCM can be immediately enriched with actionable insights, allowing stakeholders to manage contracts and risks more effectively.

Default Clauses Extracted

🔍 Audit & Governance

• Audit Rights
  (e.g. notice periods, access scope, frequency limits)
• Cooperation Obligations
  (e.g. documentation, assistance during audit)

🎯 License Scope

• License Grant Definition
  (what rights are granted, under what terms)
• Usage Restrictions
  (e.g. internal use only, device/user limitations)
• Geographic Limitations
  (territory-specific rights)
• Entity/Affiliate Usage
  (rights to use across group companies)

📆 Renewal & Termination

• Contract Term (Start/End Dates)
• Termination Rights
  (cause, convenience, insolvency)
• Auto-Renewal Conditions
• Renewal Notification Requirements
• Early Termination Penalties

💰 Pricing & Commercial Terms

• Pricing Models
  (flat fee, tiered, per-user, etc.)
• True-Up Clauses
  (when/how usage is reviewed or adjusted)
• Renewal Uplifts
  (e.g. fixed %, CPI, negotiated rates)
• Volume Discounts/Breakpoints

⚖️ Liability & Risk

• Limitation of Liability
  (caps, exclusions, carve-outs)
• Indemnity Clauses
  (e.g. IP, third-party claims)
• Force Majeure Clauses
  (and exceptions)

🔒 Data & Compliance

• Data Processing & GDPR Terms
  (e.g. DPA presence, breach notifications, subprocessor disclosures)
• Data Residency Requirements
  (location, cross-border transfers)

👥 Subcontracting & Assignment

• Subcontractor Restrictions
  (e.g. consent required, control mechanisms)
• Assignment & Transfer Rights
  (including in M&A situations)

✅ General Governance

• Governing Law & Jurisdiction
• Amendment & Waiver Clauses
• Notices & Communications Requirements

This default structure is subject to change and will be expanded on, however serves as an insight on what we will analyze by default.

🤖 What’s Coming After?

In a future update, we will introduce this feature directly into the NEO application for natural language querying, allowing users to interact with contracts in plain English, making it easy to ask questions like:

“Which contracts have uncapped liability?”
“What’s the earliest termination window for our IBM agreements?”

If you’re interested in early access, demonstrations, or roadmap briefings, please contact our team. We’re excited to bring this next step in contract intelligence to life, with more to follow soon.