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I wonder if this could help regular (non-lawyer) people understand legal documents they run into in everyday life. Things like software license agreements, term
by adrianmonk 3y ago
I wonder if this could help regular (non-lawyer) people understand legal documents they run into in everyday life. Things like software license agreements, terms of service, privacy policies, release of liability forms, deposit agreements, apartment leases, and rental car agreements.
Many people don't even try to read these because they're too long and you wouldn't necessarily understand what it means even if you did read it.
What if, before you signed something, you could have an LLM review it, summarize the key points, and flag anything unusual about it compared to similar kinds of documents? That seems better than not reading it at all.
- wow_its_tru 3y agoWe're building exactly this today, for common business contracts. We're not building for consumers today, because I think it's vanishingly unlikely that you'll, like, pick a different car rental company once you read their contract :) but leases, employment contracts, options agreements, SaaS agreements... all common, all boilerplate with 5-10 areas to focus on, all ready for LLMs!
- mattmaroon 3y agoHonestly, that type of consumer use case might actually be relevant once LLM’s can do this sort of thing. Certainly, nobody is going to contact their attorney before renting a car, but if this could be integrated into a travel site or something… You never know how consumer behavior may change when something that was either impossible or impractical becomes very easy b
- DanielSantos 3y agoWe have also have been building this[1] but struggled to monetize even with 100s of users and 1000s of contracts review. We are live for about 1 year. If you want to share experience feel free to reach out [1] legalreview.ai