SpeedLegal Introduction
SpeedLegal is a technological startup that is revolutionizing the way contracts are reviewed. By leveraging Machine Learning technology, specifically Deep Learning, LLMs, and genAI, SpeedLegal highlights the terms and key risks of any contract, enabling users to make more informed decisions before signing on the dotted line.
SpeedLegal Features
Fast Contract Review
Review your contracts 3X faster with SpeedLegal. The platform allows you to quickly spot risks, understand legal jargon, and get tailored suggestions, making the contract review process more efficient.
Key Features:
- Instant Risk Identification: Instantly identify risks in your contracts.
- Legal Jargon Understanding: Get explanations of complex legal terms in plain language.
- Tailored Suggestions: Receive personalized recommendations to fix unfavorable terms and contract errors.
- Actionable Insights: Get detailed analysis and alerts for common contractual issues.
Red Flag Analyzer
Find hidden risks in your contracts with SpeedLegal's Red Flag Analyzer. This feature provides a detailed analysis, highlighting hidden risks and unfavorable terms that might go unnoticed otherwise.
Personalized Suggestions
SpeedLegal offers personalized suggestions based on your specific contract needs and standard set by you. Solve red flags in a single click, add missing criteria back to your contracts, and improve your contract to match your standards.
AI-powered Contract Assistant
Get quick answers to your contract-related questions with SpeedLegal's AI-powered assistant. Simply upload your contracts and ask questions or seek clarifications on specific clauses, terms, or legal jargon.
Automated Contract Summary
Get a brief and easy-to-understand overview of your contracts with SpeedLegal's automated contract summary. Understand complicated contracts with short and simple summaries, making your decision-making process faster.
Customizable Contract Standards
Set your own contract standards to match your business goals. SpeedLegal understands that one size does not fit all, and offers the flexibility to upload your existing standards or create one from scratch.
SpeedLegal Customer Stories
Twinkly Case Study
Twinkly, a leading company in the lighting industry, reduced their contract negotiation time by 50% after adopting SpeedLegal. The platform helped them review contracts faster, organize them in one place, and keep track of important dates.
SpeedLegal FAQs
What is SpeedLegal?
SpeedLegal is a technological startup that uses Machine Learning technology to highlight the terms and key risks of any contract. It provides a simplified report to help users make more informed decisions before signing contracts.
Can I skip reading entire documents?
It is up to you to decide if you’d like to read the entire documents or not. SpeedLegal highlights the important portions of the contracts, meaning you may just skim through the rest.
Is my contract reviewed by a real lawyer?
Yes, for Startup, Growth, and Enterprise users, SpeedLegal uses Deep Learning models (AI) to highlight the key provisions and identify the main risks of a contract. Additionally, a human check is offered for further assurance.
How are market standards created at SpeedLegal?
SpeedLegal creates its own Market Standards by analyzing tens of thousands of high-quality contracts and over 1 billion data points. It also consults with a Committee of Industry experts to fine-tune its standards.
Is SpeedLegal.io website secure?
SpeedLegal uses the highest level of security to store and protect your contracts, including Encryption SSL Certificate - SHA-256 With RSA Encryption and Firewall - Virtual Private Security groups.
Do you provide legal advice?
At SpeedLegal, we do not provide legal advice. Instead, we serve as a contract reading facilitator and provide statistical inferences to support your decision-making processes.
To which legal system is it applied and usable?
SpeedLegal works with Common Law and is adding more Civil Law states. It is currently usable in the USA and is expanding to Europe and Latin America.
How much does it cost?
SpeedLegal is completely free for individuals (up to 3 contracts) and for underserved communities. For more documents and extra features, users can check out the Startup, Growth, and Enterprise plans.
