Non-Complex Standard Contracts
Legal firms and in-house legal teams regularly review contracts that are non-complex, quite standard, require very little scrutiny and don't require long hours of negotiations.
Contracts such as non disclosure agreements, software contracts, residential leasing agreements, simple wills for small estates and personal loan agreements would fall within this category. An Ai should be able to handle such contracts effectively in most cases.
Augments The In-House Legal Team
As claimed by LawGeex, the company behind this service, it should relieve the in-house legal teams of organizations from simple and routine legal work so that they could now spend the time saved on complex legal work.
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