What is Loya?
Stop signing commercial contracts without a professional legal check! Loya allows you to check your contract for critical legal risks in just 2 minutes and get easy-to-understand advice on how to eliminate them.
Problem
Users signing commercial contracts often do so without professional legal checks, risking unnoticed critical legal issues that could lead to severe consequences. The drawbacks of this old situation are the risks of signing contracts with unaddressed legal issues.
Solution
Loya is an AI-powered tool that offers users an instant legal check of their commercial contracts. Within 2 minutes, it identifies critical legal risks and provides easy-to-understand advice on how to mitigate these risks.
Customers
The primary users of Loya are likely to be small and medium enterprise owners, startup founders, and in-house legal teams, who need quick, affordable, and reliable legal checks for contracts.
Unique Features
Loya's unique approach includes the utilization of AI to rapidly analyze contracts for legal risks and the ability to translate complex legal language into simple, actionable advice.
User Comments
Users appreciate the speed and simplicity of Loya.
There is high praise for the detailed yet easy-to-understand legal advice provided.
Some users highlighted the cost-effectiveness compared to traditional legal consultations.
A few users expressed a desire for broader legal domain coverage.
Overall, feedback indicates strong user satisfaction with the reliability of the legal risk assessments.
Traction
No specific data on user numbers, revenue, or funding was readily available from the provided links or through online search. Loya's traction details remain unspecified.
Market Size
The global legal tech market was valued at $17.32 billion in 2020 and is expected to grow substantially.
