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The contract evaluate firm LegalOn Technologies at this time launched LegalOn Assistant, a generative AI chat interface that may reply questions on your contracts, draft clauses, summarize contract phrases, and extra.
The assistant is offered immediately inside LegalOn’s in-browser contract modifying interface and it’s accessible instantly to all prospects at no additional value.
The corporate says that LegalOn Assistant is specifically educated and examined for business contracting.
“Dozens of engineers and legal professionals labored for months to take the facility of GPT-4 and improve it with authorized coaching and testing,” mentioned Gabor Melli, vp of synthetic intelligence at LegalOn. “We add to that superior safety and privateness protections, together with SOC II Kind 2 compliance, in order that corporations can belief Assistant with their delicate paperwork and questions.”
Read more about LegalOn in the LawNext Legal Technology Directory.
LegalOn Assistant focuses on serving to legal professionals with three varieties of duties associated to particular contracts:
- Reply contract questions. Customers can ask questions on a contract, together with its amendments and displays, and get solutions in seconds.
- Draft clauses and revisions. You possibly can ask the assistant to draft clauses and revisions that match the remainder of your contract and match current outlined phrases. It could supply recommendations on language based mostly in your negotiating place and enterprise preferences, and may even recommend the place within the contract to insert a clause.
- Summarize contract language. Assistant will help you rapidly perceive the important thing phrases of a contract or clause with a concise, plain-language abstract.
In an indication yesterday, Melli and U.S. CEO Daniel Lewis walked me via a situation wherein an organization receives a draft grasp providers settlement and desires to make sure it prohibits the seller from utilizing its brand.
Lewis beginning by asking the assistant if the contract has any language prohibiting use of the brand. When the assistant solutions that it doesn’t, Lewis asks it to draft a clause explicitly prohibiting the seller from utilizing the brand. In seconds, it suggests a draft, and Lewis follows with a request that it recommend a location within the contract to put the clause, which it rapidly does. Lastly, Lewis asks the assistant to create an electronic mail to the shopper summarizing all of the modifications.
Each Lewis and Milli mentioned that these are merely examples of what the assistant can do and its flexibility to carry out quite a lot of duties.
“LegalOn Assistant is an extension of your authorized staff,” Lewis mentioned. “It saves you time, handles mundane duties, and is simple to make use of in day-to-day work.”
Assistant is LegalOn’s newest generative AI characteristic that makes use of the facility of GPT-4 expertise and Microsoft Azure’s OpenAI Service. Final yr, LegalOn launched AI Revise, the primary contract redlining device to mix detailed authorized steering content material with generative AI. These options are included in each LegalOn subscription.
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