Detangle gives you AI-generated summaries of your legal docs so you can understand what you're signing.
Here's the YC SAFE, for example: https://detangle.ai/examples/yc-safe
Here's the YC SAFE, for example: https://detangle.ai/examples/yc-safe
> [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.
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. :)
> 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.
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.