AI-enabled Klarity helps companies identify risks in contracts

In a usual scenario today, a salesperson might receive a draft of a nondisclosure agreement from a potential customer and forward it to a company's in-house lawyers. It could take a couple days for the legal team to review the contract and send it back--or a couple of weeks. As the salesperson waits, he or she loses the ability to move the deal forward. "There are only a few pieces or items that you care about, but there's a labyrinth of clauses, so you don't know what will trip it up," said Andrew (Ondřej) Antos, Klarity's CEO. "We decided to use natural language processing and AI to accelerate review."