Main Purpose
The main purpose of the Latch website is to provide an AI contracting assistant that streamlines the contract negotiation process by reducing time, effort, and cost.
Key Features
- AI Contracting Assistant: Latch utilizes AI technology, specifically GPT-4, to assist with various tasks involved in contract negotiation, such as generating redline suggestions, modifying clauses, and determining if clauses are market standard.
- Redline Suggestions: Latch can generate suggestions for redlining contracts, making it easier for users to identify and propose changes to the contract terms.
- Clause Modification: The AI contracting assistant can help modify clauses in contracts, ensuring they align with the desired terms and conditions.
- Market Standard Analysis: Latch can analyze clauses to determine if they are in line with market standards, providing insights into the competitiveness and fairness of the contract terms.
Use Case
- Contract Negotiation: Latch is designed to assist individuals and businesses in streamlining the contract negotiation process, saving time and resources.
- Legal Professionals: Lawyers and legal professionals can leverage Latch to enhance their contract drafting and negotiation capabilities, improving efficiency and accuracy.
- Business Contracts: Latch can be used for various types of business contracts, including vendor agreements, partnership agreements, and client contracts.
