Loya is an AI-driven contract review tool that helps businesses quickly identify risks and ensure compliance. It offers both automated and lawyer-assisted reviews, making it ideal for companies needing fast, affordable legal insights without the cost of traditional legal services.
Loya is an AI-powered contract review platform designed for businesses. It reviews contracts for unusual and missing clauses, leveraging US legislation and proprietary legal expertise. The platform is enhanced by a marketplace of lawyers who finalize contract reviews, offering affordable fees with a 24-hour turnaround. Loya aims to protect businesses from unsafe contracts by providing fast, high-quality reviews, especially when full legal support is unavailable or when speed is crucial. It identifies potential risks such as fines, penalties, intellectual property loss, and other issues.
A.Loya is currently better trained to deal with IT agreements, including software license agreements, cloud services agreements, EULAs, software IP rights transfer agreements, and IT professional services agreements. However, other types of contracts are also processed at a good quality level.
A.Loya takes great care to protect confidential or personal data. For automated contract checks, the AI model receives contract data in an anonymized form. For full contract reviews, access is only granted upon prior express consent.
A.A summary of your contract with general key points takes 1-2 minutes. A contract review result with important clauses to change or add takes 1-2 minutes. A full review by a lawyer takes up to 24 hours.
