LegalOn
LegalOn is a legal AI platform designed to streamline contract review and management. It uses artificial intelligence to analyze contracts, detect potential risks, and suggest revisions, aiming to reduce review time while maintaining quality. Key features include automated risk detection, AI-assisted redlining, customizable playbooks for consistent review standards, and a search and compare function to enhance contract management across an organization.
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Key Features:
- AI-powered Contract Analysis: Quickly scans and analyzes contracts to detect potential risks and issues.
- Automated Redlining: Suggests revisions based on detected risks and pre-set preferences, with attorney-drafted guidance.
- Customizable Playbooks: Allows legal teams to set up and apply their own guidelines and preferred language consistently across all reviews.
- Search and Compare Function: Enables users to find and contrast clauses across different contracts or against templates.
Main Use Cases:
- Accelerating Contract Review: Legal teams can rapidly analyze complex contracts, identifying risks and suggesting revisions in hours rather than days, meeting tight deadlines and providing faster feedback to clients.
- Standardizing Legal Practices: Organizations can ensure consistent contract language and risk management across different offices or departments by utilizing customized playbooks and AI-assisted review.
- Enhancing Contract Negotiations: During negotiations, teams can quickly compare proposed contracts against standard terms and past agreements, highlighting discrepancies and suggesting favorable clauses to secure better terms.
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