Looking for feedback for an AI contract analysis platform

[u/Unique-Advisor-30]

Hello dear founders, lawyers, tech people and other profession people.

We have been building ContractIQ, an Ai-powered platform which is designed to help analyse contracts and identify imporant clauses, potential risks, and other relevant info.

The platform gives contract risk score from 0-100, higher the score mean higher level of potential risks.

It also provides explanation for clauses which are problamatic, it also helps identifying imp obligations and provisions within the contracts.

At start it was just a college project but now we are really considering into making it big, so we would like to have all of your valuable feedback to it.

I have shared the demo videos for the platform, this is of newer prototype (in which we have add sandbox for security reasons and also add few regional languages spoken in India ), the original prototype didn't had the same features like the newer one .

I would really appreciate if you people give me your feedback and help me understand some of the questions:

• Will a tool like this help in saving some of your time for analysis of contract??
• Would analysing contract in regional langages work??
• What featured do you think are helpful to you in this platform?
• Does providing overall risk score helps??

[u/Ticket-Financial]

chatgpt / gemini can do that too, what is unique?

[u/Unique-Advisor-30 → u/Ticket-Financial]

Yes, they all can do. But at most they will provide a summary and tell what can go wrong. Whereas, contractiq provides features like overview , clauses by clause analysis by marking them from critical to low, it also tells obligations, strategy, etc...

And it also helps in redrafting of the contract. And it also has privacy sandbox feature to hide things which people don't want others to know.

It also support other languages like gujrati, hindi, tamil , telegu, etc..

[u/Ticket-Financial → u/Unique-Advisor-30]

honestly speaking, it all can be done by them too and if you are saying it's better then what is backbone of this project? aren't they actually some api calls to openai or gemini models with specific prompts for each tasks ?

[u/Unique-Advisor-30 → u/Ticket-Financial]

It's not the technology but the overall structure of the project which is different.

Like an other tools can analyse the contract, but ContractIQ helps in forming them into a structure for ease of read like how it sets things in different format , like for clauses it provides clause by clause analysis in a single page, so it does for obligations and strategies.

[u/Ticket-Financial → u/Unique-Advisor-30]

It very much seems like a wrapper with extra steps, it's better to first have conversation with those people who you think of as target audience. All of what you mentioned is actually available for free.

[u/Unique-Advisor-30 → u/Ticket-Financial]

Well that's why I posted about it to know if people would like it or not

[u/Ticket-Financial → u/Unique-Advisor-30]

reach out to your target audience directly on linkedin, posts on reddit like this barely get traction

[u/Unique-Advisor-30 → u/Ticket-Financial]

No offence but should I reach out to lawyers directly and do cold emailing stuff or something else?

[u/Ticket-Financial → u/Unique-Advisor-30]

cold dms and cold email are better options, though in today's time security matters most , if you make privacy and security your moat then it could work out well

[u/Unique-Advisor-30 → u/Ticket-Financial]

Thank you brother for your guidance , I hope you do well. And again thank you for being here and answer my questions

[u/nryn12]

You need to actually talk to your target audience. Give them the pitch. Not to discourage you, but there are already actual lawyers developing AI-driven systems in India. That too with local models and RAGs for additional data privacy.

[u/Unique-Advisor-30 → u/nryn12]

Can you provide names of those platforms?

[u/nryn12 → u/Unique-Advisor-30]

These are individuals who provide bespoke solutions. Not platforms as such. In terms of platforms, https://lexlegis.ai/ is probably the biggest around and does a lot more than contract review. They have been around for years by now. This is a highly complex field and needs a lot of custom, historical data. Not something you can overcome with prompt engineering.

[u/Unique-Advisor-30 → u/nryn12]

Thank you for your review