ContractIQ is an intelligent legal document assistant designed to streamline the contract analysis workflow using AI. The app allows users to upload contract files (e.g., PDFs or DOCX), from which it automatically extracts key legal clauses using natural language processing (NLP). These clauses are stored in a vector database (Zilliz/Milvus) using embeddings for semantic search. When a user wants to check if a certain clause exists or if similar clauses have been previously stored, the app uses a similarity search algorithm to return the most relevant results. This eliminates the need to manually comb through long legal documents. The app also integrates a language model (via Novita AI API) to answer clause-related queries, generate summaries, or enhance explanations, making it not just a retrieval tool but also a smart contract assistant.
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