How to Analyze Legalese with ChatGPT
ChatGPT tackles the legalese, from the menacing to the mild, because who needs a lawyer when you've got AI on your side? (Please consult a real lawyer.)
The video demonstrates how ChatGPT can help in summarizing and analyzing text with a focus on nondisclosure agreements (NDAs).
Dane first pastes an onerous NDA into the ChatGPT prompt and asks it to identify potential risks for the contractor. The AI effectively highlights problematic clauses, pinpointing areas of concern. A second, more balanced NDA is then compared against the first one, demonstrating ChatGPT's ability to differentiate between the risks posed by each document.
While Dane emphasizes that using ChatGPT is not a substitute for legal advice, the video highlights its potential for analyzing and evaluating NDAs and other legalese in an economic development context.
This content is for Paid Members
Unlock full access to Econ Dev Show and see the entire library of members-only content.
SubscribeAlready have an account? Log in
