| The name of the base system (platform): | Artificial intelligence (AI, Artificial intelligence, AI) |
| Developers: | Embedika |
| Last Release Date: | 2022/02/01 |
| Branches: | Internet services, Jurisprudence |
Contract is an online service created by a research-oriented IT company Embedika together legal with the department. Siemens It is a system that combines technology machine learning and legal expertise.
2022: Integration with Guarantor Connection
The resident Skolkovo the Embedika company and the developer of a complex of information legal support "Guarantor" concluded partnership for development of LegalTech-service which allows to estimate independently risks when signing the contract. The Contract tool is designed to help anyone who is up to date with document validation. This was announced by the Skolkovo Foundation on February 1, 2022.
The Russian market LegalTech many machine learning solutions for medium and large businesses, but Embedika's Contract product is an affordable and free tool for entrepreneurs from the small business segment, lawyers, as well as for citizens who want to independently assess risks before signing the contract. The service automatically checks contracts directly in the browser: it finds in the text of the document conditions that should be paid attention to, and makes recommendations for changing undesirable wording.
 | Work with contracts and the regulations (R) - the most demanded and economically justified case on application of methods artificial intelligence. 'Guarantor' develops more than 30 years a LegalTech-system in Russia and accumulated wide experience, the audience. Until recently, there was no opportunity integration startups to enter this platform and it seemed that this was a strategic decision. However, this integration illustrates that the platform is committed to openness and integration with other solutions, giving them the opportunity for faster development, said Anton Pronin, Director for Acceleration Programs of the Skolkovo Foundation Information Technology Cluster.
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Due to the integration of "Contract" with the service Guarantor Connection, the text of the contract reveals references to the regulatory acts that are mentioned in the document. When clicking on the link, the found NAP opens in the reference legal system, which allows the user to quickly get acquainted with the document and sign the contract without risks.
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