FAQ
Frequently asked questions
Clear answers about wallet credit, usage, subscriptions, and how Tycoon charges for work.
Is an AI General Counsel actually giving legal advice?
No, and this is the important distinction. The AI General Counsel reads contracts, drafts documents, and flags risks — the same work a paralegal or junior associate does under attorney supervision. For anything that requires a licensed attorney's judgment — actual legal advice, litigation, regulatory filings, bar-restricted work — it escalates to your outside counsel with a clean briefing packet. Most solo founders use the AI General Counsel for 80% of their legal work (contracts, NDAs, routine questions) and keep an attorney on retainer for the remaining 20%. That split saves five figures per year and gets you better attention on what matters.
What contract types does it handle well?
Strongest on standard SaaS contracts: MSAs, SOWs, DPAs, NDAs, SaaS subscription agreements, IP assignments, employment and contractor agreements. Good on licensing, partnership, and reseller agreements. Weaker on M&A docs, venture term sheets, real estate leases, and anything regulated (healthcare, finance, export control) — these should route to specialist attorneys. The AI General Counsel will tell you directly when a contract is outside its comfort zone rather than pretending otherwise.
How does it know what clauses are risky for my business?
You teach it your playbook in the first setup session: acceptable liability caps, preferred IP terms, net-30 vs net-60 payment, walkaway conditions, preferred venue. It also reads your five most recent executed contracts to infer your pattern. Over the first month your corrections ("we never accept unlimited indemnity", "MFN clauses are always a red flag") compound into your playbook. After six weeks most founders report 90%+ accuracy on the first-pass review.
What if the AI General Counsel misses something critical?
Two safeguards. First, every contract above a value or liability threshold is auto-escalated to your outside counsel regardless of the AI review. Second, every review includes a confidence score and a short list of assumptions; when confidence is below 85% on any material clause the AI routes the contract to a human rather than green-lighting it. You can also set categories (anything with a non-compete, anything with equity, anything over $50K) for automatic human review. The goal is a system you can trust, not a shortcut that cuts corners.
Does it replace my law firm?
For most solo founders and teams under 20, it replaces the retainer part — the $2K-$5K/month on standby, mostly unused. Your outside counsel becomes a specialist you engage by project, with a clean briefing packet that cuts their hours by 40-60%. Tyler Tringas and many Earnest Capital founders run exactly this way: AI General Counsel plus a specialist attorney on demand. The total legal spend typically drops 60-80% versus a traditional retainer, and the quality of attention on the hard stuff goes up because the attorney is not drowning in NDAs.