Loya
Loya_AIBot is an AI chatbot designed specifically for freelancers and businesses to instantly check and verify contracts. This tool can be ...
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What is Loya?
Loya is an AI-powered contract review platform designed for businesses to instantly check commercial contracts for critical legal risks in just 2 minutes. The platform uses a law-trained AI to review contracts for red flags and market standards, then connects users with the best-matched lawyer from their marketplace for a full professional review. Loya protects businesses from signing unsafe contracts that could lead to fines, penalties, lawsuits, or intellectual property loss.
The tool works by uploading contracts in .doc or .docx format. The AI analyzes the document for errors, inconsistencies, and potential risks, providing a summary with key points and a list of important clauses that should be changed or added. For complete protection, users can upgrade to a full lawyer review that delivers within 24 hours. The platform specializes in IT agreements including software license agreements, cloud services agreements, EULAs, software IP rights ownership transfer agreements, IT professional services agreements, and confidentiality agreements.
Loya is designed for in-house counsel, CFOs, COOs, and CEOs who need fast, high-quality contract review without full legal support. The Telegram bot version (Loya_AIBot) allows freelancers and businesses to instantly check contracts directly through the messaging app, making contract verification seamless without additional software.
Loya pricing
Pricing model: Free
Free tier: Get a summary of your contract with general description of key points and 1-2 minute delivery. $9 tier: Get a contract review result with the list of most important clauses that should be changed or added for your favor, 1-2 minute delivery. $59 tier: Full review of the contract by the best-matched lawyer from the marketplace, up to 24 hours delivery. Enterprise: Customized platform with Contract Review AI Playbook to meet individual company requirements.
Loya pros
- Instant contract risk analysis in just 2 minutes
- AI trained on US legislation and proprietary legal expertise
- Identifies red flags and market standard deviations
- Connects to best-matched lawyers marketplace for full review
- 24-hour turnaround for complete lawyer review
- Specializes in IT agreements with high quality
- Also processes other contract types at good quality
- No credit card required for free tier
- Free summary of contract key points available
- Protects businesses from unsafe contract signatures
- Prevents intellectual property loss from unscrupulous contractors
- Helps ensure timely payment from counterparty
- Avoids fines, penalties, and lawsuit risks
- User-friendly .doc/.docx upload process
- Telegram integration for convenient access
- Enterprise customization with Contract Review AI Playbook
- Strong confidentiality and data protection
Loya cons
- Free tier only provides summary, not full analysis
- $9 paid tier still limited compared to full lawyer review
- $59 full lawyer review may be expensive for freelancers
- Currently optimized primarily for IT agreements
- Other contract types have good but not best quality
- Requires .doc or .docx format only
- No PDF upload support mentioned
- Telegram bot version asked for $9 payment after few hints
Frequently asked questions about Loya
What is Loya?
Loya is an AI contract review platform for business that protects you and your business from signing unsafe contracts. It uses law-trained AI to review contracts for red flags and market standards in 1-2 minutes, then connects you with the best-matched lawyer from their marketplace for a full review.
How do I use Loya?
Upload your contract in .doc or .docx format. The AI reviews it for red flags and market standards in 1-2 minutes. Then the best-matched lawyer from their marketplace finalizes the contract review within up to 24 hours if you choose the full review option.
Who is Loya designed for?
Loya is designed for in-house counsel, CFOs, COOs, and CEOs who need fast, high-quality contract review, especially when full legal support is unavailable or when faster review is needed.
What types of contracts can Loya review?
The platform is currently trained to deal better with IT agreements, including software license agreements, cloud services agreements, EULAs, software IP rights ownership transfer agreements, IT professional services agreements, and confidentiality agreements. Other contract types are also processed at good quality level.
How long does a contract review take?
The AI summary and basic review result with important clauses takes 1-2 minutes. The full review by a best-matched lawyer from the marketplace takes up to 24 hours.
What is included in the free tier?
The free tier provides a summary of your contract with the general description of its key points. It gives you an overview but not the detailed analysis of clauses that should be changed.
What does the $9 plan include?
The $9 plan gives you a contract review result with a list of the most important clauses that should be changed or added for your favor. Delivery is 1-2 minutes via AI analysis.
What does the $59 plan include?
The $59 plan includes a full review of your contract by the best-matched lawyer from Loya's marketplace. This provides professional legal analysis with delivery within up to 24 hours.
How does Loya protect confidential data in contracts?
Loya takes great care to protect confidential or personal data in your contracts. They have strong confidentiality measures in place to ensure your sensitive information remains secure.
Does Loya offer enterprise solutions?
Yes, Loya offers Enterprise solutions with a customized platform to meet your company's individual requirements through their Contract Review AI Playbook, which can be tailored for medium and large enterprises with legal departments.