Update: May 13, 2015 – LawGeex added 15 new document types.
What if a computer could analyze your residential lease, NDA, or other legal document, translate it from legalese into plain English, and advise you on whether you may want to sign it? Don’t wonder too long, because it exists now and it’s called LawGeex.
LawGeex is a contract-reviewing app that analyzes your uploaded agreement and lets you know what provisions it includes in plain English (and also doesn’t include but should), whether certain provisions are common or uncommon, and how likely the included provisions are to appear in similar agreements. LawGeex can look at residential leases and tell you “this provision is uncommon and you may want to negotiate this point.”
Currently, LawGeex works with instantly with residential leases and NDAs.
Since May 13, 2015, Law Geex has added 15 new document types (with a 24-hour turnaround time) including:
- Investment Term Sheets
- Employment Agreements
- Finder Agreements
- Services Agreements
- Commercial Leases
- Loan Agreements
- Distribution Agreements
- Evaluation Agreements
- Founders’ Agreements
- Investment Agreements
- Reseller Agreements
- Software License Agreements
- Intellectual Property (IP) Assignments
- End-user license agreement ( EULA)
To test it out, I threw a form residential lease into LawGeex. Within a few seconds, LawGeex had annotated the agreement, pointing out certain provisions. It wasn’t 100% accurate in its analysis, but I am not without hope for the future. In its early stages, LawGeex has given a taste of what it is capable of. CEO Noory Bechor plans that in the future, LawGeex will be able to look at an agreement and report, “You have an early eviction clause, and I see the landlord can evacuate within one month. Based on my information, I typically see 2-3 months notice for such clauses.”