Frequently Asked Questions

Any queries about Lexical Labs or the Tiro engine?
Here are some of the questions we get asked most often.

What contract types does Tiro review?

Currently any type of goods and services contracts, from simple to complex. Examples include general goods and services, SAAS, IT, engineering, construction, advanced manufacturing and agency.

We'll also fix your NDAs.

Can I bring my own contract to your demo?

Yes, absolutely. Just bring it along and we'll upload it together. Blind demos are the best.

What does Tiro cost?

We either charge a monthly subscription fee based mainly on expected volumes of contracts or offer a per contract review cost for bulk reviews of contracts.

What are the main use cases of Tiro?

Tiro works throughout the contracting lifecycle - automating and speeding tasks.

Automated review at contract intake and triage - first pair of eyes - allowing contracts to be pre-screened and assigned to the right reviewer in minutes.

Contract review assistant - guiding a lawyer or contract specialist through a review and negotiation. Review is against the customer's own policies and playbook. Connect the review to your knowledge management system.

Business self service - helping business teams fix simple contracts without a lawyer involved.

Risk scoring and reporting - contract risks presented in a report, on a dashboard or as structured data in another platform. Contracts can be scored and improvement tracked throughout the negotiation.

Automated metadata extraction - on a dashboard or as structured data in another platform.

Contract approval - contract summaries and risk data extracted at the approval stage.

Executed contract analytics - Q&A on your executed contracts. Intelligent search. Analyse key risks and terms.

What technology sits behind Tiro?

Tiro combines deep learning algorithms and a logic based expert system. Tiro also integrates with large language models such as GPT. The combination allows Tiro to dig deeper into contract risks than many systems.

Can Tiro handle new types of contracts?

Yes, we just need a few examples.  10 is adequate. 20 is good. 50 is great.

What accuracy do you achieve?

We aim for 95% accuracy - measured in terms of being able to uncover defined concepts in a contract.

Does Tiro learn continuously?

Yes, Tiro constantly improves as users give feedback.

Can I test Tiro before I commit?

We offer a range of testing options. The most common is a 1-2 hour workshop where the customer uploads contracts to test Tiro.

Is Tiro used by both Enterprises and Law Businesses?


Still have questions?

If your question wasn’t answered above, please dive deeper into Tiro, or reach out to us via the General Contact form below.

Sign up for our newsletter

No spam, we promise! Just the occasional email with product updates and value from our whitepapers.

By clicking Sign Up you're confirming that you agree with our Terms of Service.
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.