AI-Powered Contract Risk Assessment and Legal Assistant

📌 Disclaimer This AI-powered tool is not a replacement for legal advice. Always consult a professional lawyer for critical contract decisions.

📌 Project Overview

This project automates contract analysis, risk assessment, and legal Q&A** using state-of-the-art Generative AI and NLP techniques. It extracts key clauses, identifies potential legal risks, and suggests recommendations. A fine-tuned chatbot is also included for conversational Q&A on contract-related queries.

🚀 Features

• Contract Clause Extraction: Identifies key clauses (liability, confidentiality, termination, etc.).
• Risk Assessment: Classifies risks (legal, financial, compliance) and rates severity.
• Recommended Actions: Provides mitigation strategies for identified risks.
• Conversational Legal Assistant: Fine-tuned chatbot for interactive contract-related Q&A.
• Efficient Retrieval: Uses hybrid chunking and Milvus vector database for precise legal text retrieval.

🛠️ Tech Stack

• LangChain (RAG-based legal text processing)
• Langgraph(State-based workflows)
• Milvus (Vector database for efficient retrieval)
• Hugging Face Transformers (LLMs for text generation)
• Docling (Document processing & chunking)
• Streamlit (Interactive UI)
• Unsloth (Optimized fine-tuned LLM deployment)

🎯 How It Works

1. Upload a contract (PDF)
2. AI extracts key clauses and presents them in a structured format.
3. Risk assessment is performed to classify risks and suggest mitigation.
4. Fine-tuned chatbot provides real-time answers for legal Q&A.

✨ Future Enhancements

Add support for multiple legal jurisdictions. Improve chatbot accuracy with more fine-tuned legal datasets. Implement contract comparison for risk benchmarking.

🔧 Setup & Installation

1️⃣ Install dependencies:

pip install -r requirements.txt

streamlit run app.py