SpeedLegal
AI-powered platform for contract analysis, risk detection, and negotiation support.
About SpeedLegal
SpeedLegal is an advanced AI platform designed to enhance contract understanding and negotiation. It identifies potential risks, clarifies complex legal terms with simple explanations, and offers personalized suggestions for contract improvement. Acting as your AI contract paralegal, it empowers users to review and manage contracts efficiently and accurately.
How to Use
Upload your contracts to SpeedLegal, and the AI analyzes them to highlight risks, clarify legal language, and suggest improvements. You can also ask specific questions about clauses or terms and receive clear, plain-language answers to facilitate decision-making.
Features
- Personalized contract improvement suggestions
- Automated summaries of legal documents
- Risk detection and flagging
- Detailed risk analysis reports
- Interactive AI support for legal questions
- Customizable standards for contracts
Use Cases
- Quickly identify contract risks
- Tailor contract standards to your business
- Enhance contract negotiations with insights
- Streamline contract review process
Best For
Legal professionalsBusiness executivesContract managersSmall and medium enterprisesLegal teamsCorporate lawyersHR departmentsFinancial institutions
Pros
- Rapidly detects risks and unfavorable terms
- Provides actionable negotiation insights
- Simplifies complex legal language
- Generates automated contract summaries
- Customizable to specific business needs
- Offers personalized suggestions for improvements
Cons
- Critical contracts may need human review
- AI may miss some legal nuances
- Human review is currently complimentary during beta
- Limited support for certain legal jurisdictions
FAQs
What is SpeedLegal?
SpeedLegal is an AI-powered platform that analyzes contracts to highlight key terms and risks. It provides simplified reports to help you make informed decisions before signing.
Can I skip reading entire contracts?
Yes, SpeedLegal highlights important clauses, allowing you to focus on critical sections and skim through less relevant parts.
Is my contract reviewed by a lawyer?
For Startup, Growth, and Enterprise plans, we combine AI analysis with optional human review for added assurance. Human reviews are currently free during beta.
How does SpeedLegal establish market standards?
We analyze thousands of high-quality contracts and over a billion data points, consulting industry experts to ensure our standards are accurate and unbiased across jurisdictions and contract types.
Is SpeedLegal.io secure?
Yes, we use top-tier security measures including SSL encryption, firewalls, and encrypted user credentials to protect your contracts and data.
Does SpeedLegal provide legal advice?
No, we do not offer legal advice. Our platform facilitates contract review and provides insights to support your decision-making, working alongside your legal team.
Which legal systems does SpeedLegal support?
SpeedLegal primarily supports Common Law jurisdictions, including contracts in the USA, with plans to expand to Civil Law countries in Europe and Latin America.
What are the costs involved?
SpeedLegal is free for individuals (up to 3 contracts) and underserved communities. For additional documents and features, explore our Startup, Growth, and Enterprise plans.