Tool Information
Maigon AI is a state-of-the-art AI tool for contract review that is designed to save thousands of hours spent on manual contract review. It integrates deep learning technology to ensure maximum accuracy and efficiency. It is used by large corporate clients with high volumes of data processing agreements (DPAs) and other types of contracts, such as privacy policies, non-disclosure agreements (NDAs), and product supply agreements. Maigon AI offers document-specific contract review modules and contract type-agnostic API. It can review contracts from the perspectives of data controller, data processor, organization, and data subject. For DPAs, it provides an instant compliance report with extracted clauses, concepts, terms, highlighted risks, and compliance recommendations. For privacy policies, it provides an instant compliance report with extracted clauses and recommendations. For NDAs, it provides an instant report with compliance insights and extracted clauses. For product supply agreements, it provides an instant report with insights and extracted clauses.
F.A.Q (20)
Maigon AI can review a variety of contract types including data processing agreements, privacy policies, non-disclosure agreements, consultancy agreements, product supply agreements, R&D agreements and end user license agreements.
Maigon AI integrates state-of-the-art deep learning technology to achieve maximum accuracy and efficiency in contract review. The specifics of how it applies this technology are not explicitly stated in the information provided.
No, Maigon AI does not require users to provide data for training purposes. Instead, Maigon AI collects and labels the datasets manually.
Yes, Maigon AI can assess risks in contracts and provide compliance recommendations. For data processing agreements, it provides an instant compliance report with extracted clauses, concepts, terms, highlighted risks, and compliance recommendations.
Yes, Maigon AI offers industry-specific contract review solutions. The industries are not explicitly stated, although examples of contract types suggest it covers sectors such as data protection, confidentiality, commercial contracts, software licensing, and general data extraction.
Maigon AI offers the option to review the contract from various perspectives. These perspectives could be a data controller, data processor, organization, data subject, supplier, client, disclosing party, receiving party, or customer, depending on the contract type.
Yes, Maigon AI provides support for more than 50 languages and also has the ability to handle bilingual contracts.
The Extraction API provided by Maigon AI is a cutting-edge tool that uses AI to extract clauses and entities from contracts of any type and in any language, revolutionizing the way users access legal data from contracts.
Yes, Maigon AI offers an on-premise solution to meet the highest security standards.
Maigon AI ensures that its solutions are always aligned with the latest legislative changes.
For data processing agreements, Maigon AI provides an instant compliance report with the extracted clauses, concepts, terms, highlighted risks, and compliance recommendations. This review is used prominently by large corporate clients with high volumes of data processing agreements.
For privacy policy review, Maigon AI provides an instant compliance report with extracted clauses and recommendations. It is frequently used for reviewing privacy notices of websites and mobile applications.
In the process of reviewing non-disclosure agreements, Maigon AI provides an instant report with compliance insights and extracted clauses, following established standards and best practices.
Yes, Maigon AI can review consultancy agreements and product supply agreements. The solution provides an instant report with insights and extracted clauses.
Maigon AI reviews end user license agreements for compliance with established standards and best practices. This process uses an instant report that includes insights and extracted clauses.
Yes, Maigon AI can be integrated with contract platforms through its API to provide richer insights to users.
Specific industries are not mentioned. However, based on the types of contracts Maigon AI can review, it is plausible that it is used across data protection, confidentiality, commercial contracts, software licensing, and general data extraction sectors.
Yes, Maigon AI helps users add their own rules into the standard solutions to address their organization's review guidelines and practices.
Yes, a hands-on preview of Maigon AI's solutions is available upon request.
Yes, Maigon AI is capable of handling bilingual contracts along with supporting more than 50 languages.
Pros and Cons
Pros
- Saves thousands of hours
- High accuracy and efficiency
- Maximum data processing capability
- Instant compliance report
- Extracts clauses
- concepts
- terms
- Highlights risks
- Provides compliance recommendations
- Document-specific contract review modules
- Contract type-agnostic API
- Different review perspectives
- Supports numerous contract types
- No pre-training required
- Doesn't require client's data
- Always aligned with legislative changes
- Allows addition of custom rules
- Unmatched speed
- On-premise availability
- Supports over 50 languages
- Bilingual contracts supported
- Latest deep learning technology
- Legal data extraction tool
- Extracts clauses and entities
- Extracts from any contract type
- Extracts from any language
- Increases productivity
- Saves time
Cons
- Review is contract type-specific
- Custom playbook setup needed
- Accuracy data not provided
- No batch processing mentioned
- Supports only 50 languages
- Insufficient data extraction details
- User specific legal question handling unclear
- No mobile app support
- Limited contract perspectives
- No real-time collaboration features
Reviews
You must be logged in to submit a review.
No reviews yet. Be the first to review!
Similar Tools
Figma plugin for text generation and manipulation.
TBD
Free
