I'm excited to see where this goes because I think it is a cool application of AI. That said, two of the first three paragraph summaries are wrong in this example:
> [Investor Name] gave [Company Name] the right to certain shares of its Capital Stock in exchange for [Amount] on [Date].
This is backwards
> The Post-Money Valuation Cap is a number that is written in Section 2.
This isn't true, the number is here, "additional defined terms" are later.
It's anywhere from slightly to very wrong for each section. Pretty cool as a tech demo but definitely should not be used to understand a legal document.
I wonder, what happens when you read just the summary of a complex section, sign, and then years later are in a lawsuit. If Detangled's algorithm in shown to have clearly written the summary wrong... are they in any way liable? hehe notice their own terms with summaries: https://detangle.ai/terms
> We may suspend or terminate your right to use our website and terminate these Terms of Service immediately upon written notice to you for any breach of these Terms of Service.
From the summary:
> We can end this agreement any time we want.
I read these as being quite different? The original text says they can only terminate for a breach by the user of the ToS, not simply "any time we want".
I get that the service isn't supposed to replace actual legal advice but surely differences as glaring as these limit the usefulness of the summaries.
That was the big reason for adding the massive disclaimer everywhere, but I guess we'll see.
I also intentionally didn't just give an output of the summary but instead showed it next to each paragraph so the implication isn't that the summaries replaces the legal, but rather tries to clarify.
> AI-generated summaries of your legal docs so you can understand what you're signing.
If you sell me a summary of a legal document, which was advertised as being useful to understand the legal document, that seems like just about the most straightforward case of legal advice I can imagine.
Absolutely fantastic! This is a great use of AI here, definitely using this going forward. A bit concerned though, the LLC name doesn't give confidence when reading through the output with confidence.
simonista|3 years ago
> [Investor Name] gave [Company Name] the right to certain shares of its Capital Stock in exchange for [Amount] on [Date].
This is backwards
> The Post-Money Valuation Cap is a number that is written in Section 2.
This isn't true, the number is here, "additional defined terms" are later.
treis|3 years ago
andrewfromx|3 years ago
NoboruWataya|3 years ago
> We may suspend or terminate your right to use our website and terminate these Terms of Service immediately upon written notice to you for any breach of these Terms of Service.
From the summary:
> We can end this agreement any time we want.
I read these as being quite different? The original text says they can only terminate for a breach by the user of the ToS, not simply "any time we want".
I get that the service isn't supposed to replace actual legal advice but surely differences as glaring as these limit the usefulness of the summaries.
Shpigford|3 years ago
I also intentionally didn't just give an output of the summary but instead showed it next to each paragraph so the implication isn't that the summaries replaces the legal, but rather tries to clarify.
Glad you noticed the Terms. :)
ahepp|3 years ago
If you sell me a summary of a legal document, which was advertised as being useful to understand the legal document, that seems like just about the most straightforward case of legal advice I can imagine.
ryanlitalien|3 years ago