Ivo AI

What is Ivo AI?

Ivo AI is an AI-powered platform designed to assist legal teams in streamlining and expediting their contract negotiation process. It leverages advanced AI technology to provide users with suggestions on revising counterparty language, generating automatic document redlines, addressing queries, and forming simple, plain-language checklists for various situations. Ivo AI utilizes Open AI's GPT-4 model for sophisticated language processing capabilities, allowing for comprehensive agreement review and intelligent suggestion generation based on the user's standard contract position.

Who created Ivo AI?

Latch was created by David Torchetti, as indicated in the provided document. It was launched on December 6, 2021. Latch is an AI-powered platform specializing in AI contract review accuracy and efficiency, aiding legal teams in contract negotiation processes. The company focuses on enterprise-grade security, customization to meet unique legal language needs, and supports Microsoft Word, Google Docs, and PDF formats. Latch's features include generating redline suggestions, managing internal communications with AI-generated issues lists, and providing efficient contract drafting, resulting in time and cost savings.

What is Ivo AI used for?

• Generating suggestions for revising counterparty language
• Automatic redline generation
• Question-and-answer interface for navigating through agreements
• Assembly of plain-language checklists for various situations
• Toggle between suggestions and accept them
• Insert redlines directly into documents
• Aid in navigating through agreements
• Understanding and responding to granular questions in agreements
• Reviewing agreements for compliance
• Confirming adherence to checklist points
• Ensure data privacy
• Generate suggestions for revising counterparty language
• Automatically generate redlines for documents
• Provide question-and-answer interface for navigating agreements
• Assemble simple, plain-language checklists for various situations
• Operate as a cloud-based tool
• Schedule a demo to explore features
• Suitable for dynamic companies handling contract negotiations
• Contribute to speeding up contract drafting and negotiation process
• Navigate directly to relevant passages in agreements
• Speed up contract drafting and negotiation process
• Assist in compliance analysis
• Operate as a cloud-based tool for accessibility
• Schedule demos for exploring features
• Data Privacy Focus
• Provide a question-and-answer interface for navigating agreements
• Speed up the contract drafting and negotiation process with AI analysis
• Ensure compliance by producing checklists tailored to different scenarios
• Help with clause modifications and insert automatic redlines into documents
• Improve efficiency with intelligent redline recommendations
• Facilitate internal communications with AI-generated issues lists
• Enhance contract workflow by simplifying and speeding up contracting processes
• Question-and-answer interface for navigating agreements
• Assembly of simple, plain-language checklists for various situations
• Cloud-based platform accessible from any device with an internet connection
• Speeding up contract drafting and negotiation processes
• Navigating directly to relevant passages in agreements
• Utilizing a user's standard position for revising and updating counterparty language

Who is Ivo AI for?

• Legal professionals
• Contract negotiators
• Compliance analysts
• Contract managers
• Legal teams

How to use Ivo AI?

To use Latch effectively in contract negotiation, follow these steps:

1. Access the cloud-based Latch platform from any internet-connected device.
2. Utilize the AI-powered features which include generating suggestions for revising counterparty language, automatic redline creation, and forming plain-language checklists.
3. Input your standard contract position to receive tailored suggestions for language revisions.
4. Toggle between suggested revisions, accept them, and insert redlines directly into your documents.
5. Use the question-and-answer feature to navigate through agreements by asking granular questions and addressing key sections.
6. Ensure compliance by reviewing agreements against the provided checklists.
7. Schedule a demo through the website to explore Latch's features in more detail.

By following these steps, you can efficiently streamline your contract negotiation process and leverage Latch's AI capabilities to enhance your legal team's efficiency and effectiveness.