10.1 Limitation of Liability. Each party’s liability under this Agreement shall not exceed two times (2x) the fees paid in the prior twelve (12) months.
Contract redlines in Removed: days Added: minutes,
without billable hours.
Mike is an AI contract reviewer for businesses without in-house counsel. It redlines your contracts against the terms you’ve already agreed to, cites the exact source, and suggests language for anything new. Every redline includes justification, and nothing is sent to the counterparty without your approval.
1. Intended Parties.
Business leaders who act as in-house lawyers or pay billable hours to external counsel.
2. Amended Terms.
Upon signature, the following terms are amended:
2.1 Review. Routine contracts shall be reviewed by Removed: outside counsel in five (5) business days Added: Mike in minutes, 24/7.
2.2 Fees. In lieu of outside counsel at $1,200/hr for 10 hours a month, Customer shall pay Removed: $12,000 per month Added: $99 per contract review. The first review is free.
3. Review Process.
Connect your inbox, drive, or wherever your contracts live. In minutes, Mike learns every deal you’ve signed and every policy you’ve set.Mike accepts what you’ve agreed to before, pushes back on what you haven’t, and cites the exact clause either way. Nothing to cite? Mike says so, suggests language, and flags it for outside counsel.Accept what you agree with, and the reply is waiting in your drafts.
11. Limitation of Liability. Provider’s aggregate liability under this Agreement Removed: shall be unlimited Added: shall not exceed two times (2x) the fees paid in the twelve (12) months preceding the claim.
11. Liability Removed: unlimited Added: capped at 2x fees
11. Liability capped at 2x fees
4. Security.
Encrypted, never used for training, deleted on request. Summation, which builds Mike, is SOC 2 and ISO 27001 certified.
In witness whereof, the undersigned requests early access as of the date below.
- Name
- Mike
- Title
- AI contract reviewer
- Company
- Summation
- mike@summation.com
- Date
Countersigned: Mike, AI contract reviewer, Summation Mike