The Problem

• Nobody has the time to read contracts, so nobody reads them
• Lawyers cost to much money to simply "review" a contract for you

The Solution

• An AI Software solution that reads your contract for you and then highlights the important clauses to read, and shares helpful insights into what the "legal jargon" definitions are
• This would be a product built for "the everyman"
  • Not for legal teams, but for your everyday, average Joe.
• I imagine the review highlights would be color-coded, with pastel and "happy feel" colors
  • This would be for two reasons:

1. To make it easy to read and immediately know what's important or unimportant
2. To provide a comforting feeling to the stress of reading a contract that you don't understand

• I imagine the colors using the "Green, Yellow, Red" system
  • Green colors mean mean there's no concern. If you skip this, no biggie
  • Yellow colors mean you might want to take a closer look
  • Red means if you skip this, you'll likely get screwed

Slogan

• "We make it easy for anyone to read legal contracts"

Competitor Analysis

• Ontra.com
  • "The complete solution for negotiating and managing routine contracts."
  • It looks like this is mostly for actual legal teams, not for consumers
• Delino.io
  • "Delino’s automated contract review platform empowers you to manage the inherent risk in business contracts, so you can accelerate growth."
  • This also looks like it's mostly actual legal teams, not for consumers
• LegalZoom.com
  • This is a standard "Lawyer Review", not a software solution

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If you vote "This already exists", feel free to comment what company so I can add them to the competitor analysis 🙏

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