Description

Welcome to Season Four! In this episode of the Contract Playbook Podcast, Casey Handy-Smith explores how AI is transforming contract review, especially for creators and talent managers. Moving beyond simple redlining, AI is revolutionizing contract workflows by offering real-time redlines and comments based on industry standards, saving time and improving accuracy in negotiations.

Timestamps:

• 00:00 - Welcome to Season Four
  Casey introduces Season 4 of the podcast and the focus on AI’s role in contract review.
• 00:16 - Introduction to AI in Contract Review
  AI’s potential to change the way contracts are negotiated, improving efficiency and confidence in contract management.
• 01:18 - Understanding Contract Redlining
  The basics of contract redlining—reviewing and marking changes in a contract to protect your rights and negotiate better terms.
• 03:19 - AI in the Creator Economy
  How AI is already used by creators and talent managers for tasks like research, content creation, and campaign strategy—and how it can be applied to contracts.
• 04:59 - Debunking Myths About AI in Contract Review
  Addressing common myths about AI, such as the idea that it’s too risky or only useful for small deals.
• 10:21 - Lawyer-Backed AI vs. Generic AI
  The differences between lawyer-backed AI, built with legal expertise, and generic AI like ChatGPT, highlighting how each impacts contract review.
• 16:58 - Real-Life Applications and Benefits
  A real-life example of how lawyer-backed AI improved contract review, making it faster and more efficient for talent managers.
• 18:37 - Conclusion and Next Steps
  Casey wraps up the episode with actionable advice on how AI-backed tools can enhance contract negotiations and streamline your workflow.

Key Takeaways:

• Redlining with AI: AI tools, especially lawyer-backed ones, go beyond spotting red flags by making real-time revisions and suggestions based on industry standards.
• AI in the Creator Economy: AI is already widely used for tasks like brand research, content creation, and rate determination, and now it’s making its way into contract review.
• Debunking Myths: AI, when lawyer-backed, is not risky—it improves accuracy and speeds up contract review, reducing human error and freeing up time for strategy.
• Lawyer-Backed AI vs. Generic AI: Generic AI can miss nuances and provide overly broad suggestions, while lawyer-backed AI is tailored to your needs and follows industry standards, offering more accurate, nuanced suggestions.
• Real-Life Application: AI tools can drastically reduce the time spent on contract review by suggesting specific changes and flagging critical terms, all while maintaining legal soundness.

Links & Resources:

• The Contract Collective™ – Join the membership for access to our AI-powered Influencer Agreement Playbook and a supportive community of influencer talent managers and creators.
• Boss Contract Society – Find lawyer-drafted contract templates to protect your business and intellectual property.
• Connect with Casey on LinkedIn – Stay up to date with more contract tips and insights from the entertainment and influencer marketing worlds.
• Join Casey's Substack Newsletter - https://aicontractlab.substack.com/

🎧 Tune in now and subscribe for more actionable contract advice!