Neuroplasticity is a relatively new term that describes the way our brains are capable of continually adapting and changing in ways that are both surprising and amazing. It turns out that we form new neural connections throughout our lives in response to new situations or changes in our environment.
In his book "The Brain That Changes Itself", Norman Doidge writes about people who have been affected by stroke and other trauma, but whose brains have been able to reconfigure themselves to perform tasks previously thought impossible.
“The brain is a far more open system than we ever imagined, and nature has gone very far to help us perceive and take in the world around us. It has given us a brain that survives in a changing world by changing itself.”
So how does this relate to Document Automation and Contract Management? If you ask lawyers what attracted them to their profession in the first place, most will say that one of the main reasons was because they found it intellectually challenging. But in reality, many lawyers find themselves spending much of their time dealing with relatively routine legal issues and simple contracts.
At Exari we divide the world of contracts into three main buckets:
These are not typically negotiated, don't change much and are very simple to produce. End-User License Agreements (EULAs) are a typical example.
Because these are negotiated in predictable ways, they are perfect candidates for automation. Loan Agreements, Master Agreements, and Services, Sales and Employment Agreements typically fall into this category.
These are one-off deals and highly transaction specific contracts. Merger and Acquisition contracts are a good example.
Which of these three categories are best for lawyers’ brains? Clearly it's the complex, one-off deals. These contracts require much more thought, negotiation and problem solving skills. It's these deals that will test and improve your brain power by challenging your thinking and stimulating new neural connections.
By automating and removing the more boring, cookie-cutter contract categories, we help your legal team focus more on the challenging aspects of producing contracts. We'd like to think that this brain benefit makes Exari customers even smarter for choosing our Intelligent Contract Management software.