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Transform your tax practice with CoCounsel Tax, an AI-powered assistant that combines trustworthy answers, automation, and firm knowledge into one seamless platform. Enhance efficiency, reduce risk, and improve client confidence with CoCounsel Tax.
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2026 SKILLS showcase
Join weekly sessions to experience in-depth demonstrations of the leading legal AI products while connecting with strategic law firm leaders in knowledge management, innovation, and AI.
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Ghosts on the ledger
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Future of professionals report 2025
The Thomson Reuters Future of Professionals Report 2025 reveals how AI continues to shape professional work — and what it takes to get ahead. This year’s report shows that increased efficiency, productivity, and cost savings top the list of benefits professionals attribute to AI, making it indispensable for organizations facing rapid change.
Skill: Update contract terms
Category: Draft
Quickly update a precedent or template agreement with a term sheet.
Features and benefits
- This skill lets you update deal terms in a contract or contract template.
Practice tips
- Select the skill from the CoCounsel Library, or instruct CoCounsel in the chat: "I would like to runUpdate Contract Terms."
- Upload your term sheet and your template or contract, using theSelect filebutton.
- CoCounsel will output a 1st draft of the contract with new terms applied and redlined.
Limitations to keep in mind
- This skill works best with short-form agreements under 50 pages.
- Term sheet uploads are limited to PDF, DOC, or DOCX files.
- Template/contract uploads are limited to DOCX files.
- Individual file size is generally capped at:
- 20MB per file for TXT, HTM, HTML, or RTF files
- 500MB for PDF, DOC, DOCX, EML, MSG, WPD, and ZIP files
This article applies to:
- Product: CoCounsel
- Audiences: Legal professionals
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CoCounsel Skills, Prompts, and Workflows
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