Don't Just Click Yes! – AI Start-up Binadox, the IT Compliance Solution

Artificial Lawyer recently caught up with Michael Kholodenko, co-founder of Seattle, US-based start-up, Binadox, which makes use of Natural Language Processing (NLP) to provide a compliance tool for software licences that can prevent costly legal violations. At first you may think this does not sound that world-changing, but sometimes it is the very precise uses of AI technology that end up creating a very successful and useful product for lawyers and legal departments. This would appear to be doubly so, as Bindox points out, because getting your software licences in a mess, or just allowing staff to click'Yes – Accept Terms' can open a Pandora's box of legal problems. Bindadox seeks to meet this problem head on in an automated way. Fundamentally the software seeks to answer two questions: what happens when an employee downloads new software or subscribes to a cloud service (SaaS) and clicks on the little'Yes' box that agrees to the licence terms, with all the legal issues that suddenly connects to?