Overview

Legartis is an Artificial Intelligence tool designed to automate the process of contract review. This tool has the capability to extract relevant clauses and data from thousands of archived contracts, triaging the repetitive tasks associated with contract review.

Legartis employs AI technology to improve efficiency and productivity, especially during or after contract negotiations. It's intuitive to use and is even navigable for non-lawyers.

Legartis also enables users to automate the handling of their contract requirements. Its AI-powered capabilities can be particularly beneficial in legal, sales, and procurement teams, helping them to efficiently manage large-scale contract reviews, guide smooth contract closure, enhance purchasing efficiency, and create optimal contract conditions.

The AI models used by Legartis are pre-trained by a team of legal experts on various clause types and legal concepts, ready for effective contract analysis from usage inception.

It also offers high data security, preserving all user data within Switzerland, while also providing an open AI that can be seamlessly integrated into your current contract lifecycle management system.

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January 4, 2020

Initial release of Legartis.

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Contract management Legartis

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Pros and Cons

Pros

Automates contract review

Efficient data extraction

Navigable for non-lawyers

Improves efficiency, productivity

Guides contract closure

Enhances purchasing efficiency

Creates optimal contract conditions

High data security

Data preserved in Switzerland

Legal, sales, procurement benefits

Supports large-scale contract reviews

Ease of contract negotiations

Repetitive task automation

Contract requirement automation

Pre-trained on various legal concepts

Seamless contract lifecycle management integration

Efficient management of contract reviews

Sales and procurement team empowerment

Specifically designed for contract analysis

Ready-to-use from day one

Innovative contract closure guidance

Accelerates contract review up to 80%

Efficient data extraction from archived contracts

Friendly for non-lawyers

Integrates with current contract management system

Excellent for managing large-scale contracts

Efficient contract collaboration

Empowers collaborative work

Beneficial in legal tech

Integrates large language models

Supports English and German languages

Microsoft Office 2019 and Office 365 compatibility

Allows usage by multiple teams

Supports complex challenge management

Streamlines company requirements compliance

Legartis Word add-in availability

Facilitates designing optimal contract conditions

Automated data extraction from thousands documents

Built for seamless technological integration

Relieves workload of legal departments

Trained on-demand for other languages

Saves time and valuable resources

View 37 more pros

Cons

Pre-trained models limitation

Data stored in Switzerland

Primarily English and German

Narrow focus on contracts

Possible integration issues

Limited language recognition

High dependency on experts

No mentioned customization

Focused on large-scale reviews

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Q&A

How does Legartis automate the contract review process?

Legartis utilizes AI technology to automate the contract review process by identifying and extracting relevant clauses and data from contracts. It automates the repetitive tasks associated with contract reviews, leveraging pre-trained AI models that are specifically trained on various clause types and legal concepts by a team of legal experts. This intuitive tool simplifies the contract review process and boosts productivity.

How does Legartis extract data and clauses from archived contracts?

Legartis employs AI-powered tools capable of extracting relevant data and clauses from thousands of stored contracts, a feature that significantly amplifies efficiency. It is adapted to handle large-scale data extraction from contracts, identifying key clauses and data at the push of a button.

What improvements can Legartis bring to contract negotiation processes?

Legartis streamlines the contract negotiation process by automating routine tasks and enhancing efficiency. By extracting relevant information and clauses quickly, it reduces the time typically needed for manual contract review and negotiation. This allows for more time to be spent on crucial negotiation strategies and discussions, resulting in improved contract terms.

Who can navigate and use Legartis?

Legartis was designed with user-friendliness in mind, making it navigable not only for legal professionals but also for non-lawyers. The tool is intuitive and doesn't require extensive technical expertise to use, hence individuals in various roles such as sales and procurement team members can comfortably navigate it.

How does Legartis automate the handling of contract requirements?

Legartis allows users to define their contract requirements, and then utilizes its AI technology to automate the handling of these requirements. It's able to handle a wide range of contract types aligning to your defined needs. The automation capability speeds up the review process, optimizes the contract conditions, and helps guide smooth contract closure.

Can Legartis assist sales, legal and procurement teams?

Yes, Legartis was specifically developed to assist legal, sales, and procurement teams, amongst others. Its AI automation features simplify the review process, leading to enhanced efficiency and productivity. It can manage large-scale contract reviews, ensure compliance in sales processes, enhance purchasing efficiency in procurement, and assist in creating optimal contract conditions.

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What is the role of Legartis in managing large-scale contract reviews?

In managing large-scale contract reviews, Legartis excels with its AI automation capability. It can sift through thousands of archived contracts to extract relevant data and clauses, thereby speeding up the review process. In addition, it helps guide a smooth contract closure, creating a more efficient contract management process.

What kind of contract closure guidance does Legartis provide?

Legartis provides guidance during contract closure processes by automating tedious and repetitive tasks. Its AI technology enables prompt identification of necessary clauses and data for contract completion. This feature greatly accelerates the contract review process, ensures compliance, and guides the user towards a smooth contract closure.

In what ways can Legartis enhance purchasing efficiency?

Legartis enhances purchasing efficiency by quickly identifying pertinent clauses and information within contracts that may impact procurement processes. This frees up procurement teams to focus on strategic initiatives rather than getting bogged down with manual contract review tasks.

How does Legartis create optimal contract conditions?

Legartis generates optimal contract conditions through the comprehensive evaluation of contract requirements using pre-trained AI capabilities. This helps users to automate the handling of contract requirements, facilitating efficient management of contracts that eventually leads to the creation of optimized contract conditions.

What contract analysis capabilities do pre-trained AI models in Legartis offer?

The pre-trained AI models in Legartis are specially designed for effective contract analysis. They have been trained by legal experts on a diverse range of clause types and legal concepts, making them ready to analyze contracts effectively from day one of use.

How is user data secured in Legartis?

Legartis provides high data security by preserving all user data within Switzerland. This ensures that users' vital contract data is protected under Swiss law which is known for its strong data privacy protections.

Which data jurisdictions does Legartis operate under?

Legartis operates under Swiss data jurisdictions and all user data is securely stored within Switzerland. Therefore, it adheres strictly to Swiss data protection regulations.

How does Legartis integrate with current contract lifecycle management systems?

A distinctive attribute of Legartis is its compatibility with current contract lifecycle management systems. It is an open AI that can be seamlessly integrated into existing contract lifecycle management systems, enhancing contract review and data extraction capabilities without disrupting the established workflow.

Which industries would benefit most from using Legartis?

Industries dealing with routine or large-scale contract handling like legal firms, procurement agencies, sales departments, and similarly placed businesses would benefit from using Legartis. It simplifies the contract review process, automates handling of contract requirements and aids in efficient extraction of vital data from contracts.

How can Legartis help non-lawyers to review contracts?

Legartis assists non-lawyers in the contract review process by automating the extraction of relevant clauses and data. It touts an intuitive design making it easier for non-lawyers to navigate and use. With this tool, individuals without a legal background can effectively participate in contract reviews, saving time and resources.

What are the AI models of Legartis trained for?

The AI models of Legartis have been trained by a team of legal experts specifically on multiple contract-clause types and legal concepts. This makes the model effective for various contract analysis tasks, ensuring efficient data extraction and contract review from day one of usage.

Can Legartis be used by non-legal professionals to review contracts?

Yes, Legartis can indeed be used by non-legal professionals. The tool is designed to be user-friendly and intuitive, making it accessible to individuals across various professions. Non-legal professionals can utilize Legartis to review contracts by leveraging its automated data extraction and contract handling capabilities.

How does Legartis handle data extraction from large numbers of contracts?

Legartis uses AI technology to handle data extraction from thousands of contracts efficiently and accurately. It is equipped to extract relevant data from archived documents at the push of a button, significantly improving the review process and productivity in handling large numbers of contracts.

Can Legartis be integrated into my current contract management system?

Yes, Legartis can indeed be integrated into your current contract management system. It offers an open AI that interfaces seamlessly with any existing contract lifecycle management system, thereby enhancing contract review processes without disrupting established workflows.

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