? Legitt AI Lifetime Deal: Sales Enablement & Contract Lifecycle Management | Appsumo Deal!

Science & Technology

Introduction

Welcome to the product tour of Legitt AI! Upon logging in with your email and password, you'll be greeted with the dashboard—your mission control for all contract management needs.

Dashboard Overview

The dashboard presents a pie chart illustrating the total number of documents on the platform alongside their current status. Key actions you will frequently engage in can be found on the left-hand side, while recent documents created by you and your team can be viewed on the right-hand side.

Alerts Section

One of the most critical features of this dashboard is the alerts section. Alerts are generated automatically for significant events embedded within signed contracts. These events can comprise key milestones, important dates, renewals, or phases of engagement.

You can also monitor trends in the number of documents created, signed, and tracked on the platform.

On the left side, you’ll find a comprehensive menu detailing the various actions that can be performed on Legitt AI. A built-in assistant named Lana resides in the bottom right corner. You can ask her anything about the platform, and she learns your behavior over time, serving as an intelligent teammate and an example of assistive intelligence in action.

Managing Existing Contracts

For any organization, managing and tracking existing contracts is equally as vital as creating new ones. Therefore, we always advise clients to focus first on managing their existing contracts before generating new ones. To do this, simply use the upload functionality to add existing contracts to the platform. You can upload contracts one by one or in bulk.

Upon uploading a document, Legitt AI scans it to extract key information. Even if your contract is extensive—like a 100-page document—the platform provides a concise one-paragraph synopsis detailing important aspects, including who has signed the document, key clauses, services, commercial terms, milestones, and other critical dates.

Clause Identification

Legitt AI intelligently identifies and extracts essential clauses from your contract. It has been trained on a multitude of real-life contracts and clause libraries, mimicking the behavior of legal professionals. The system can also identify missing clauses that you may want to incorporate into your document.

Event Extraction and Alerts Pipeline

Moreover, Legitt AI scans the document for any events based on time durations and significant dates. For instance, it can extract payment milestones and their associated monetary values. You have the option to add these events to your alerts pipeline, syncing them with your Google or Microsoft Outlook calendars.

You can customize alert settings by adding other team members' email addresses for notifications, editing unnecessary alerts, or adding these events to your to-do list on the platform. The to-do list feature promotes collaboration among team members, enabling task assignments and enhancing workflow efficiency.

Creating New Contracts

Once you’ve uploaded and started tracking your existing contracts, it’s time to create new ones. To create a new contract, click on the create button. Legitt AI offers four ways to initiate this process:

  1. From Scratch: Use a blank editor to begin writing your contract. You can incorporate content blocks, such as images, tables, or pricing tables.

  2. Upload a Document: Import a Word document from an external source. Once uploaded, the document can be further edited in the editor.

  3. Using Templates: Legitt AI boasts over 500 templates for various agreements and contracts. You can also upload your templates. After selecting a template, you can edit it right in the editor.

  4. AI Contract Generator: As you provide necessary information regarding the contract’s type, dates, and services, the AI contract generator continually produces the corresponding sections, resulting in a cohesive and complete contract.

With Legitt AI, managing contracts has never been easier or more efficient. From uploading existing documents to creating new ones seamlessly, this platform is crafted to serve all contract management needs.

Keyword

  • Legitt AI
  • Contract Management
  • Dashboard
  • Alerts
  • Clause Identification
  • Event Extraction
  • AI Contract Generator
  • Collaboration
  • Templates

FAQ

What is Legitt AI?

Legitt AI is a contract lifecycle management platform designed to assist users in managing, tracking, and creating contracts efficiently.

How do I upload contracts?

Contracts can be uploaded either one by one or in bulk using the upload functionality in the dashboard.

What features does the dashboard offer?

The dashboard includes a pie chart of document statuses, alerts for important events, recent documents created, and a dedicated menu for actions.

How does the AI assist in contract management?

Legitt AI extracts and summarizes key information from documents, identifies essential and missing clauses, and tracks important events and milestones.

Can I collaborate with team members using Legitt AI?

Yes! The platform allows you to assign tasks, create alerts, and share relevant information with other team members, fostering collaboration.