AI-powered contract vetting for SMBs

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August 1, 2024

Aligna

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AI-powered contract vetting for SMBs

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Overview

Aligna is an artificial intelligence-powered tool specifically designed to streamline the process of commercial contract reviews. The tool is designed to assist small and medium-sized businesses.

Using advanced AI technology combined with a network of professional lawyers, Aligna identifies risky clauses in commercial contracts and offers amendments where necessary.

This includes handling of both anonymous and redacted contracts. Aligna also provides an interactive issue-identification feature which enables users to verify every crucial contract detail.

The service simplifies and speeds the contract review process, making it easier for users to reach consensus with their partners. Further, Aligna provides support from experienced lawyers for clarifications on contract risks, suggestions, and amendments.

Also, it is designed to ensure high data security through its industry-leading certifications, ensuring the highest standards of privacy and integrity.

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July 12, 2024

Initial release of Aligna.

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Contract reviews Aligna

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Pros and Cons

Pros

Designed for SMBs

Professional lawyers network

Identifies risky contract clauses

Offers contract amendments

Handles anonymous contracts

Handles redacted contracts

Interactive issue-identification feature

Speeds contract review process

Support from experienced lawyers

High data security

Industry-leading certifications

Privacy and integrity standards

Legal contract vetting

Risk identification

Business intelligence

Legal tech

Increases contract review satisfaction

Decreases contract review times

Reduces legal costs

Transparent and affordable pricing

Anonymous contract reviews

Redacted contract reviews

Contract Risks display

Contract suggestions provided

Clarifies with a lawyer

Supports anonymous and redacted contracts

Point out risky contract clauses

Different plans for various business sizes

Additional support from experienced lawyer

Expeditious contract reviews

GDPR compliance available

24x7 email/ticket and phone support

SOC2 certification

ISO 9001 certification

ISO 27001 certification

Complimentary expedited reviews

Supports unlimited contract versions

VIP support and dedicated account manager

500 words contract for $39

Quick contract review turnaround

Legal support without time and energy consumption

Tailored specifically for SMBs

Enhances overall business operations

Improves customer satisfaction

No restrictions on contract types

Encourages contract alignment

Transparent per-contract charging model

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Cons

Not optimized for large businesses

Doesn't support large volume contracts

Legal support capped at 300 hours

Surcharge for every 10 extra words

Extra cost for expedited reviews

Not GDPR compliant by default

No real-time customer assistance

No mobile application

Limited types of contracts reviewed

48 hours typical review time

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Q&A

What is Aligna?

Aligna is an artificial intelligence-powered tool specifically engineered to streamline commercial contract reviews. Primarily aimed at assisting small and medium-sized businesses, it uses advanced AI technology and a network of professional lawyers to identify risky clauses in commercial contracts and suggest necessary amendments.

What features does Aligna offer for contract review?

Aligna offers an array of features for contract review such as identification of risky contractual clauses, providing amendments for such clauses, anonymous and redacted contract reviews, an interactive issue-identification feature for verifying crucial contract details, and professional legal support for clarifications on contract risks, suggestions, and amendments.

How does Aligna assist small and medium-sized businesses?

Aligna assists small and medium-sized businesses by simplifying and speeding the contract review process. Its technology pinpoints problematic clauses in commercial contracts and suggests modifications where needed. It handles both anonymous and redacted contracts, equipping these businesses with a meticulous and swift contract review service.

How does Aligna identify risky clauses in contracts?

Aligna uses advanced AI technology to comb through commercial contracts and pinpoint risky clauses. The system is trained with sophisticated models that can understand contractual language, enabling it to identify problem areas with a high degree of accuracy.

Can Aligna handle anonymous and redacted contracts?

Yes, Aligna can handle both anonymous and redacted contracts. Its advanced AI technology is designed to thoroughly review contracts, notwithstanding their anonymity or redacted status.

Does Aligna provide support from lawyers?

Yes, Aligna provides professional legal support in its contract review process. A network of experienced lawyers are available to offer clarifications on identified contract risks and provide suggestions and amendments as necessary.

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What is Aligna's approach to data security?

Aligna incorporates a robust approach to data security. It boasts industry-leading certifications, such as the ISO 27001 and SOC 2 Type 1, demonstrating a strong commitment to maintaining high standards of privacy and integrity.

How does Aligna use AI technology in contract reviews?

Aligna uses AI technology to rapidly and meticulously scrutinize contracts and identify risky elements. By harnessing the power of AI, it rectifies the inefficiencies associated with traditional contract reviews and ensures thorough review in a shorter time frame.

How does Aligna speed up the contract review process?

Aligna expedites the contract review process by utilizing advanced AI technology for reviewing contracts and a network of professional lawyers to provide speedy, accurate feedback. Its interactive issue-identification feature further allows users to quickly verify every crucial contract detail, making the entire process faster and more efficient.

Can Aligna help me reach consensus with business partners?

Yes, Aligna can assist in reaching consensus with business partners by streamlining the contract review process. It helps identify and amend any risky clauses in your contracts, thereby making negotiations smoother and agreement more likely.

What types of contracts can Aligna review?

Aligna is capable of reviewing any type of commercial contract irrespective of its nature. This includes but is not limited to confidentiality agreements, employment contracts, and investment agreements.

Does Aligna offer issue identification feature?

Yes, Aligna provides an interactive issue-identification feature which empowers users to easily verify each critical detail of their contracts.

Who makes the amendments to risky clauses in contracts, Aligna's AI or the lawyers?

The identification of risky clauses is facilitated by Aligna's AI, while the amendments are provided by a network of experienced lawyers. This combination ensures that the contracts are thoroughly analyzed with technology while gaining the advantage of human expertise in corrections and refinements.

What is the price of Aligna's services?

Aligna has multiple pricing tiers, starting with a pay-per-use plan costing $39 for the first contract, and a bundle for small businesses at $10,000 a year. The first model offers all the AI review features, while the second includes further benefits such as unlimited contract versions and consulting hours. Customizable enterprise plans are also available.

How does Aligna handle contract risks?

Aligna handles contract risks by utilizing AI technology to review contracts and identify risky clauses. Professional legal support is also provided to give clarity on these risks and to suggest possible amendments.

What certifications does Aligna have for data security?

Aligna has SOC2 Service Organization Control Type 2 Certification, ISO 9001 Quality Management System Certification, and ISO 27001 Information Security System Certification for data security. These certifications attest to Aligna's commitment to a high standard of data security and privacy.

Is there a demo version of Aligna available?

Yes, a demo version of Aligna is available. Prospective users can request a 30-minute demo or try Aligna's service with their first contract for as little as $39.

How can Aligna streamline my business operations?

By accelerating and streamlining the contract review process, Aligna can help avoid contractual misunderstandings and errors. Customers have reported enhanced business operations and customer satisfaction after integrating Aligna into their workflow. These improvements translate into more efficient business practices.

What levels of lawyer support does Aligna offer?

Aligna provides two levels of lawyer support. In the AI review, the model identifies potential contractual risks. In the AI + Lawyer review, those identified risks are clarified by an experienced lawyer who then provides suggestions and amendments as needed.

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