FAQ
Frequently asked questions
Clear answers about wallet credit, usage, subscriptions, and how Tycoon charges for work.
Can AI really replace a lawyer? What about liability?
Tycoon is not a legal advisor and doesn't replace licensed counsel for novel or high-stakes contracts. What it does: handles the 80% of contracts that are standard variations of things you've signed before, where the legal work is pattern-matching against your playbook. For novel contracts, high-dollar contracts, regulated industries, or anything involving IP assignment or equity, Tycoon flags for counsel review with the specific issues pre-identified, which makes counsel work much faster and cheaper. Many small companies use Tycoon as the 80/20 layer plus a fractional GC on retainer for the rest.
How is this different from Ironclad, LinkSquares, or Harvey?
Ironclad is CLM (contract lifecycle management) — a system of record for contracts in motion and signed. LinkSquares is contract intelligence — searching and extracting from signed contracts. Harvey is AI-assisted legal research for lawyers. Tycoon is the team operating the contract function: triage, risk analysis, redline drafting, negotiation support. For companies under 100 people without an in-house counsel, Tycoon replaces the absent legal ops function. For larger companies with counsel, Tycoon augments them by handling the high-volume low-risk work.
What if I'm in a regulated industry (healthcare, finance, defense)?
Regulated industries require higher-certainty legal work and Tycoon should be used with appropriate scoping. Recommended setup for regulated: Tycoon handles intake, classification, risk-flagging, and playbook comparison. All contracts still route to in-house or external counsel for final review. The value is the speed-up and issue-spotting that makes counsel more efficient, not contract-signing autonomy. Many regulated startups use Tycoon as a first-pass filter that makes their counsel spend 50%+ less time per contract.
What about jurisdiction — my contracts are across US, UK, EU, India?
Tycoon's contract analysis is US-law-trained by default with growing coverage of UK, EU (Germany/France most mature), Canada, and Australia. For India, Singapore, Japan, and other jurisdictions, flagging works (identifies unusual clauses) but playbook comparison is less developed. For contracts under US law with international counterparties, coverage is strong. For contracts under non-US governing law, treat Tycoon as first-pass only and always have local counsel review.
Can it handle contract negotiation over multiple revision rounds?
Yes. AI COO tracks the full revision history: round 1 your redlines, round 2 their counter, round 3 your response, etc. Each round, the AI pulls the delta from previous round, assesses whether they're moving toward acceptable or digging in on a problem clause, and drafts the next response grounded in your playbook. For complex negotiations (major customer MSAs, M&A docs), founders still want to be deeply involved in strategy — the AI handles the draftwork and detail tracking so you can focus on the negotiation strategy.