Contract review in a minute or two

Clients review contracts in a minute or two using artificial intelligence and the advice of their lawyers and team members. Users start by uploading draft contracts into LegalSifter. Sifters – the software trained to read text, look for specific concepts, and learn over time – then review the document and identify important concepts that demand attention or are missing entirely. The Sifters trigger Help Text, in-context advice tailored to the client’s business and negotiation position. This is simply contract extraction, artificial intelligence, and machine learning used in a practical way that helps everybody involved.

Speed

Contract review in a minute or two

• Quickly review documents with your company’s institutional knowledge in-context of a document’s unique language
• It reduces review and negotiation time
• Navigate text quickly with Sifters that make you a faster reader
• Review and redline contracts efficiently
• Close the deal earlier and realize benefits and revenues

Quality

Combined intelligence is a new standard of reasonable care as it can perform at the level of your best attorney not that of an inexperienced associate.

• A second set of eyes. Our Sifters read your document to find important concepts that demand attention or are missing entirely
• The speed of this legal AI solution and contract review software sacrifice the quality of the final product
• Drive consistency and shrink risk by sharing best practices across your company.

Value

Releasing the value potential of your people

• Fewer back-and-forths in negotiations lower costs.
• Reallocate work to less experienced individuals
• Empower commercial and procurements teams to review initial drafts
• Focus on delivering strategic value by streamlining business-as-usual contract review

 

Legal Sifter Document Types

Fornaro Law offers the following Legal Sifter document types in either Buyer or Supplier packages:

• Consulting Agreement
• General Terms and Conditions
• Good Agreement
• Modern Contract Language
• Mutual Nondisclosure Agreement
• Services Agreement
• Software End User License Agreement
• Software-as-a-Service Agreement
• Unilateral Nondisclosure Agreement: Discloser
• Unilateral Nondisclosure Agreement: Recipient

All packages include both an attorney (more in-depth) and a standard version of each document type.  Clients may purchase BOTH the Buyer and Supplier packages for a 25% discount.  Sign up and begin sifting immediately!

Don’t need all these document types, just 1 or 2?  Those are available for a discounted fee!

Legal Sifter Editions – Pricing and Packages

Essentials Edition – The Essentials Edition allows clients to do unlimited sifts, of either the Buyer or Supplier package, for a monthly or annual fee (discounts available for a two-year term) per user.  These document types have the Sifters fully configured and can be used right out of the box.

 

The following document type packages are also available for an additional $99 (monthly), $69 (annually), or $49 (for 2 years) per user per month:

• Leases - Commercial Real Estate Landlord or Tenant versions
• Privacy – GDPR Data Processing Agreement or Business Associate Agreement

Small Business Edition – The Small Business Edition allows clients (any user) to do 5 sifts per month, of either the Buyer or Supplier package, for a monthly or annual fee (discounts available for a two-year term).  These document types have the Sifters fully configured and can be used right out of the box.

The following document type packages are also available for an additional $49 (monthly), $39 (annually), or $29 (for 2 years) per month:

• Leases - Commercial Real Estate Landlord or Tenant versions
• Privacy – GDPR Data Processing Agreement or Business Associate Agreement

Professional Edition – A Professional Edition, which allows the client to configure the Sifters for each document type, is also available.   This edition is for clients who need to personalize which Sifters are used in each document type. It is not an “out-of-the-box” option, it requires set-up by the client, and an implementation fee will be charged in addition to the annual user fee.

Pricing and more information available upon request.