MUMBAI, India, Aug. 10 -- Intellectual Property India has published a patent application (202411102705 A) filed by Astute Lex Servicado Private Limited on December 24, 2024, for Ai-Powered Contract Management And Negotiation Platform.
Inventor includes Onkar Rana.
The application for the patent was published on July 31, 2026, under issue no. 31/2026.
Abstract: The present invention provides an AI-powered contract management and negotiation platform that streamlines the creation, analysis, negotiation, and finalization of contracts. The platform includes various integrated modules such as LeXi IQ 101 for document analysis, clause generation and analysis using Artificial intelligence to suggest tailored clauses, a risk assessment module that dynamically updates risk scores based on contract modifications, a negotiation module for real-time collaboration between parties, and an E-mohar 103 supporting Aadhaar-based digital signatures. It also includes secure sharing and expiry management, LeXi Polyglot for multilingual support, and a secure vault for contract storage. It provides users with a user-friendly interface to create, manage, and finalize contracts while ensuring compliance, security, and transparency, with features like notifications, time-bound sharing, and multilingual contract support.
Disclaimer: Curated by HT Syndication.
