Many companies spend countless hours reviewing contracts instead of focusing on their businesses and attracting more customers.
Klarity wants to automate much of the contract review process by applying artificial intelligence, specifically natural language processing.
Klarity reviews any Non-Disclosure/Confidentiality Agreements (“NDAs”) in PDF or Word format.
The app searches for red-flags and compares your NDA to the market standard. Klarity highlights important language in your NDA in green, yellow or red.
Sections of your NDA that are not highlighted are boilerplate provisions that do not require your attention. After you’re done reviewing your NDA, you can e-sign it immediately.
Klarity’s enterprise version is currently used by leading companies like Salesforce and Segment. You can use this tool for free.
Klarity is funded by Y Combinator.