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Contract reviews

ivo ✓

AI-powered contract negotiation assistant

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Legal Contract Negotiation Law
More categories (4)
Legal Agreements Legal Assistance AI Negotiation Contract reviews
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Verdict

A quick read before you dig into the full page.

Best if
AI-powered contract negotiation assistant
Skip if
Dependent on GPT-4 only
Pick this when
GPT-4 language model usage

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Overview

Ivo.ai is an AI-powered contract review and intelligence platform designed to help in-house legal teams review, redline, and extract insights from contracts more efficiently. The platform enables legal teams to analyze agreements, identify potential risks, and generate suggested revisions based on company playbooks, previously negotiated contracts, and established legal positions. Ivo is built to support contract review directly within familiar workflows such as Microsoft Word and Google Docs, allowing users to draft comments, apply redlines, and work through negotiations without leaving their documents.

In addition to contract redlining, Ivo provides AI-driven contract intelligence features that help teams surface key business and legal insights across individual agreements and broader contract repositories. Users can ask plain-language questions about contracts, understand negotiation patterns, compare agreements against prior positions, and identify relationships between documents such as amendments, restatements, and superseding agreements. Ivo also emphasizes enterprise-grade security and privacy, including SOC 2 and ISO 27001 certifications, GDPR and CCPA compliance, and a stated policy of not training AI models on customer data.

Ivo is well suited for enterprise and high-growth legal teams that want to reduce contract cycle times, improve consistency across negotiations, and turn contract data into strategic business intelligence. By combining AI-assisted review, surgical redlining, contract research, and repository-wide insights, Ivo offers a comprehensive platform for accelerating legal workflows while helping teams manage risk and support faster deal execution.
ivo website

Access & connections

Where you can use ivo.

Platforms

Web

Capabilities

What this tool accepts, produces, and is strongest at.

Input

  • Text

Output

  • Text

Pros & cons

Pros

  • GPT-4 language model usage
  • Contract negotiation assistance
  • Contextual suggestions for revision
  • Toggleable suggestion engine
  • Automated redlines generation
  • Directly insertable edits
  • Facilitates Q&A negotiation
  • Plain language checklists creation
Show 12 more
  • Compliance analysis feature
  • Public access to data policy
  • Cloud-based tool
  • Demo availability
  • Efficiency in contract drafting
  • Workflow streamlining for legal teams
  • Minimizes contracting effort
  • Reduces contracting cost
  • Supports dynamic companies
  • Contract compliance verification
  • Data privacy focused
  • Agreement understanding and analysis

Cons

  • Dependent on GPT-4 only
  • May misinterpret legal language
  • Doesn't support offline usage
  • Possibly lacks real-time collaboration
  • No mobile application
  • Doesn't mention other languages support
  • No API provided
  • Requires scheduling for demo
Show 2 more
  • Not suitable for non-dynamic companies
  • No free trial indicated

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Releases 1

Initial release December 6, 2021 Current
Initial release of ivo.

FAQ 12

What is Latch and how does it help in contract negotiation?
Latch is an AI-powered platform designed to assist legal teams in streamlining and expediting their contract negotiation process. It leverages advanced AI technology to offer an array of unique features that provide users with suggestions on revising counterparty language, generating automatic document redlines, addressing queries, and forming simple, plain-language checklists for various situations.
How does Latch use GPT-4 in its operations?
Latch harnesses the sophisticated language processing capabilities of Open AI's GPT-4 model. This allows it to comprehensively review and understand agreements, and offer intelligent suggestions on revisions based on the user's standard contract position. GPT-4's robust language model enables Latch to effectively respond to granular, open-ended queries, further assisting users in their contract negotiations.
What unique features does Latch offer to assist me in legal contract reviews?
Latch provides an extensive suite of features to assist in legal contract reviews. Some key features include the generation of suggestions for revising counterparty language, automatic redline generation, a question-and-answer interface for navigating through agreements, and the assembly of simple, plain-language checklists for various situations. Users can easily toggle between suggestions, accept them, and insert redlines directly into their documents.
Can Latch provide suggestions on how to revise counterparty language?
Indeed, Latch is designed to provide intelligent suggestions on how to revise and update counterparty language. Based on the user's standard position, it generates feasible recommendations that can be easily toggled between, accepted, and directly integrated into the document.
How does Latch's question and answer feature work?
Latch's question-and-answer feature is an integral part of the platform, aiding users in navigating through an agreement. The advanced AI model allows it to understand and respond to granular questions and open-ended queries around the contractual content, making it easier for users to understand and address key sections within the agreement.
Can Latch automatically generate redlines for my documents?
Yes, one of the key features of Latch is its capability to automatically generate redlines for documents. Users can simply accept the changes suggested by Latch, after which, the redlines are automatically generated and can be inserted directly into the document, simplifying the entire process and enhancing efficiency.
What are the checklists provided by Latch and how can they be used?
Latch produces straightforward, plain-language checklists for various scenarios. These checklists help users review agreements to confirm compliance. In other words, Latch not only helps outline what points should be considered or included in an agreement but also helps users traverse the agreement to verify adherence to these points.
How does Latch ensure data privacy?
Data privacy is one of the foremost considerations for Latch. While specific mechanisms used aren't explicitly mentioned, their strongly emphasized commitment to data privacy is clear. Additionally, they provide public access to their privacy policy and terms of use, demonstrating transparency in how user data is managed.
Is Latch a cloud-based tool?
Yes, Latch operates as a cloud-based platform which means it can be accessed from any device with an internet connection, catering to the needs of modern, dynamic companies.
How can I schedule a demo to explore the features of Latch?
To schedule a demo and explore the features of Latch in more detail, you could visit their website. The option to schedule a demo is clearly highlighted and should guide you through the simple booking process.
Is Latch suitable for all types of businesses?
While Latch is indeed suitable for a wide range of businesses, it is particularly beneficial for dynamic companies that regularly handle contract negotiations and seek to reduce the time, effort, and cost involved in the process.
How does Latch contribute to speeding up the contract drafting and negotiation process?
Latch helps expedite the contract drafting and negotiation process by leveraging AI to automatically analyze and understand agreements, suggest wording changes based on a user's standard position, generate automatic redlines, and respond to questions. This automation reduces the manual tasks and effort involved, leading to faster turnarounds with contract negotiations.
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