Transforming static legal agreements into high performance business tools
Fulfilling a contract is fragmented and ad hoc, resulting in significant hidden costs. On average, companies fail to capture 9.2% of potential revenue and $2.5 trillion is left in unrealised global GDP. Most contract fulfilment is done with email and reminders. Current solutions like contract lifecycle management are applicable to a subset of enterprises and benefit one party in a contract – silos remain and counterparties may be using rudimentary systems that fail accurate fulfilment.
Hunit’s Web3 platform turns natural language agreements into Smart Legal Contracts that fulfil their agreed terms, interacting with counter parties and external systems in real time while generating legally certain records. AI assisted authoring tools linked to a growing library of integrations make SLCs easy for lawyers and signatories. Hunit has validated the use of SLCs with the UK Ministry of Justice, UK Solicitors Regulation Authority, global financial institutions and leading law firms.
SLCs simplify contract fulfilment for signatories. Our approach, combines legally compliant blockchain-based automation with natural language contracts. This integration creates court enforceable agreements that interact and guide parties towards accurate fulfilment.
Hunit’s platform extends from AI-assisted, MS Word authoring tools through to a Web3 network and external integrations, offering a turnkey product ready for deployment.