Contract drafting and review are critical tasks for any tech startup, especially during key stages like seed and Series A rounds or when hiring employees. The right legal tools can save founders and legal teams valuable time and help them manage legal risk more effectively. By leveraging AI and automation, these tools streamline routine contract work so you can focus on growing your business.
[[divider]]
1. Genie AI
AI-powered contract creation, review, editing and negotiation for fast-moving tech companies.
Genie AI is an end-to-end contract lifecycle platform that uses artificial intelligence to help tech startups draft, review and negotiate contracts faster. Its AI can understand legal language and spot key issues, obligations and risks in contracts. Genie learns your company's unique legal policies and playbooks to provide bespoke contract recommendations aligned with your business. It also streamlines workflows with automated approvals, version control, and analytics. Genie's AI assistance and intuitive interface make it an ideal solution for lean high-growth tech companies with minimal-to-no in-house legal support.
- Pro: Learns your company's unique legal policies to automate contract workflows end-to-end.
- Con: Doesn't currently offer e-sign (coming soon).
[[divider]]
[[divider]]
2. ContractWorks
Basic contract management software for small legal teams.
ContractWorks is a contract management platform that helps organize, track and report on a company's contracts. It provides a centralized repository, tagging and search, and some workflow automation. Like Genie AI, it aims to streamline contract processes, but lacks the AI capabilities for deeper contract analysis and optimization.
- Pro: Simple interface is easy for small teams to adopt.
- Con: Limited feature set compared to AI-powered tools.
[[divider]]
3. Evisort
AI-based contract analytics platform for analyzing existing contracts.
Evisort uses artificial intelligence to help companies mine insights from their contract portfolios. It can classify contract types, extract key data points, and identify risks and opportunities. This visibility can inform business decisions and negotiations. However, Evisort focuses more on analysis of existing contracts rather than streamlining new contract creation or setting businesses up for easy and repeatable contract filling.
- Pro: Powerful AI extracts granular data from contracts.
- Con: Less suited for day-to-day contract drafting.
[[divider]]
4. PandaDoc
Sales-focused document workflow software with basic contract features.
PandaDoc is a document automation platform geared towards sales teams. It has some light contract management capabilities like templates and approval workflows. But it lacks the legal-specific features and AI of tools like Genie AI. PandaDoc is better for simpler sales documents than complex legal contracts, including enterprise-level sales agreements.
- Pro: Integrates with CRMs for a more seamless sales process.
- Con: Lacks advanced features for contract drafting and review.
[[divider]]
5. LinkSquares
Contract analysis tool focused on post-signature tracking and insights.
LinkSquares provides AI-powered analytics to help legal teams understand their contract portfolios. It can identify terms, track obligations, and surface areas of risk. These insights support better contract strategy and negotiation. However, LinkSquares is more focused on analysis than drafting, unlike full-lifecycle platforms that offer many more time-saving features.
- Pro: AI provides visibility into contract performance and risk.
- Con: Primarily an analysis tool, with less functionality for contract creation.
[[divider]]
6. Concord
Contract management software with collaboration and workflow features.
Concord helps organizations create, negotiate, sign, and manage their contracts. It has a basic centralized workspace for storing contracts, tools for redlining and discussion, and automated workflows. But it doesn't have the AI capabilities to understand contract language and automate complex review processes.
- Pro: Audit trails and permission controls enable secure collaboration.
- Con: Contract review and negotiation still mostly manual; better suited to teams with legal resource.
[[divider]]
7. Ontra
AI-assisted contract processing focused on high-volume, routine agreements.
Ontra uses AI to help companies draft, review and manage routine contracts at scale. Its AI can populate templates, review third-party paper, and track key dates and terms. This streamlines simpler, repetitive contracts. But for more bespoke agreements, you'll likely still need human legal expertise to ensure the language holds up to scrutiny.
- Pro: Processes high-volume, routine contract work.
- Con: Less suitable for complex or heavily negotiated agreements.
[[divider]]
Summary
The right legal technology tools can be a game-changer for fast-moving tech startups, especially AI-powered platforms that understand legal language. By automating routine drafting, streamlining review and negotiation, and providing data-driven insights, these tools help lean legal teams operate more strategically and efficiently. While there are many solid options on the market, Genie AI stands out for its advanced AI that learns your unique legal policies and its comprehensive, end-to-end feature set. It's a smart starting point for any tech startup looking to optimize its contract workflows.
How to choose a trusted AI tool
- Understand the Tool's Purpose and Limitations: Clearly define the specific task or problem you need to solve, then identify any limitations or potential biases in the AI's functionality.
- Assess the Provider's Reputation: Check neutral review websites like Product Hunt for each tool. Make sure they consistently receive positive customer feedback.
- Examine Data Privacy and Security Measures: It's key that the tool you use specifies it's ISO 27001 compliant, and depending on your jurisdiction, follows relevant local data privacy regulations (e.g., GDPR).
- Analyze Cost-Effectiveness: Compare the AI tool's pricing structure with alternatives in the market and the potential return on investment (ROI) for your specific use case.
Take the time to review each tool carefully. Look for one that matches your needs, fits your budget, and supports your legal work. The best choice depends on what your team actually needs day to day.
Interested in joining our team? Explore career opportunities with us and be a part of the future of Legal AI.