Artificial Intelligence (AI) in Contract Management

Contracts form the foundation of nearly all business relationships, yet many organizations still struggle to manage them efficiently. Studies show that poor contract management can significantly reduce overall revenue. With recent advances in Artificial Intelligence (AI), companies now have new opportunities to address long‑standing contracting challenges. AI tools can streamline and even fully automate contract review, eliminating repetitive tasks that previously consumed substantial staff time.

In today’s data‑driven world, AI has become indispensable. Professionals involved in contract drafting, negotiation, and management must understand AI technologies to remain current with industry trends and to effectively supervise AI‑driven initiatives within their organizations.

This highly interactive training course explores AI’s role in contract creation, negotiation, and administration from multiple perspectives to help participants develop a robust understanding of how AI can be applied within their own contractual frameworks. Topics include AI-assisted drafting, automated contract analysis, and methods for detecting issues in key contractual clauses—such as payment terms, indemnities, liabilities, warranties, and termination provisions.

This Artificial Intelligence (AI) in Contract Management training course will cover:

• A clear overview of AI technologies within the context of contract management—what AI is capable of and where its limitations lie
• Practical AI applications across common contract types
• Risk management considerations when using AI in contracting
• How AI supports the structuring of insurance provisions, indemnity clauses, liability models, and force majeure terms
• AI-driven negotiation tools and strategies
• The influence of AI on dispute resolution in international and cross-border contracts

By the end of this Artificial Intelligence (AI) in Contract Management training course, participants will be able to:

• Gain an in‑depth understanding of key contractual structures across selected industries
• Master the role and potential of AI in various stages of contracting
• Identify how AI can help mitigate risks and support the drafting of sound risk‑focused contractual language
• Recognize how AI tools assist in creating well‑crafted, accurate contract clauses
• Evaluate AI’s function in dispute resolution and understand its application in different contextual scenarios
• Build a forward‑looking understanding of AI’s evolution and how it may shape the future of contractual work

This Artificial Intelligence (AI) in Contract Management training course will benefit all levels of personnel involved in any aspect of project procurement and implementation in commercial sectors. It will enable a broad range of disciplines to appreciate and understand the complexities of various industries, and how best to manage risk.

This PetroKnowledge Artificial Intelligence (AI) in Contract Management training course is appropriate to a wide range of professionals but will greatly benefit:

• Senior Managers
• Legal Managers, Legal Counsel
• Commercial and Business Managers
• Contracts Administrators, and Managers
• Commercial, Financial and Insurance Professionals
• Project and General Management

In this AI in Contract Management training course, participants will gain greater understanding of the subject matter through presentations by an experienced international practitioner designed to both inform and broaden the perspectives of the participants. Interactive discussions on problems and possible solutions will be encouraged.

Your organization will benefit through:

• Staff gaining clear insight into how AI can be integrated into contract activities
• Enhanced understanding of how AI aligns with core legal principles relevant to your operations
• Improved ability to anticipate and manage issues related to AI-enabled contract processes
• Stronger strategies for managing contractual risks
• Leadership equipped with the knowledge to leverage AI tools when negotiating commercial terms

Participants will benefit by:

• Developing a structured and strategic approach to using AI in commercial contracts
• Acquiring a deep understanding of AI’s capabilities and limitations in contract negotiation
• Strengthening their ability to manage operational and commercial risks through AI-informed drafting
• Enhancing their skill in allocating risk and liability within contractual relationships
• Designing modern contracting approaches aligned with organizational goals
• Learning how AI can support the creation of tailored, bespoke contracts