Meet Ivo, The Legal AI That Will Review Your Contracts

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Meet Ivo, The Legal AI That Will Review Your Contracts - Forbes

Quick Summary:

The AI identifies clauses with which the company is likely to have concerns – because they diverge from its standard terms, say, or expose it to an unacceptable level of risk – and suggests revisions that might be more acceptable.

Since launching commercially in April 2023, it has signed up more than 150 customers, including Canva, Fonterra, Pipedrive, Weightwatchers, Eventbrite, Blue Cross Blue Shield Kansas City and a number of Fortune 500 companies.

That could help legal teams to properly quantify and assess the obligations the organisation has entered into, say, or to identify precedents for dealing with particular problems or opportunities.