AI Contract Summary

How it works

Upload a vendor contract (PDF or DOCX) to any vendor profile. SKOOR's AI, powered by Claude, reads the full document and extracts structured data. Within seconds you get a plain-language summary of the contract's key terms, organized into categories you can act on.

What the AI extracts

• Pricing and payment terms — Rate structure, payment schedule, late payment penalties, and price escalation clauses.
• Auto-renewal dates — Renewal date, notice period required to cancel, and the specific deadline to opt out.
• Termination clauses — Conditions for termination by either party, notice periods, and early termination fees.
• SLA commitments — Service level targets, response times, uptime guarantees, and remedies for SLA breaches.
• Liability and indemnification — Liability caps, indemnification obligations, and insurance requirements.
• Scope of work — What the vendor is contracted to deliver, exclusions, and change order provisions.

Actionable insights

The AI does not just summarize. It flags terms that need your attention: auto-renewals approaching their opt-out deadline, unfavorable termination clauses, missing SLAs, and pricing that exceeds industry benchmarks. These flags appear on the vendor profile and in your SKOOR AI agent daily digest.

Privacy and security

Contract documents are processed securely. The AI reads the document to extract terms but does not store the raw contract text in any training data. Extracted terms are stored as structured data on the vendor record. Contract analysis is available on SKOOR Plus. Well-documented vendor contracts contribute to your Business Health Score by demonstrating mature vendor governance.