Spellbook by Rally
A tool that helps users draft, review and suggest contract terms 3x faster
Spellbook uses OpenAI’s large language model GTP-4 to help users draft, review and suggest contract terms 3x faster.
The service has been trained on billions of lines of legal text, enabling it to suggest language for all kinds of contracts instantly. It can also detect aggressive terms, list missing clauses and definitions, and provide negotiation suggestions.
As they put it, Spellbook gets the small stuff out of the way so that you can close better deals, faster.
And the best part is that it is integrated with Microsoft Word.
Categories Legal
Video Overview ▶️
What are the key features? ⭐
- Contract drafting: Spellbook uses GPT-4 to help you create contracts faster. Like, much faster, as it will suggest terms and format the contract properly for you.
- Instant suggestions: Speaking of suggestions, Spellbook knows its thing, having been trained on a vast amount of legal text. It can draft new clauses and sections while also considering the context.
- Term detection: The tool can detect aggressive or unusual terms in a contract, highlighting potentially problematic language that may need further review.
- Missing clauses detection: It will also see if some clauses are missing from your contract. This helps ensure that your agreement is complete and robust.
- Negotiation suggestions: Spellbook can suggest common points that might be negotiated in a contract, helping you to prepare better for discussions.
Who is it for? 🤔
Although everyone could use it, Spellbook primarily targets professionals who frequently deal with contracts. These would include the likes of lawyers, contract managers, business executives, and company owners. Moreover, it could be valuable for individuals and firms involved in large contract negotiations or due diligence processes.
Examples of what you can use it for 💭
- Create contracts 3x times (or more) faster
- Get suggestions for contract language, including new clauses and entire sections
- Identify aggressive terms in a contract so you can react accordingly
- Find what's missing from a contract
- Get help with contract negotiations
Pros & Cons ⚖️
- Draft contracts 3x faster
- Great for summarizing contracts for clients
- It can suggest common points of negotiation
- Spellbook is strictly available for legal professionals
Last update:
June 30, 2025
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