I wish such a technology could be in hands of ordinary people, so that one wouldn't need an expensive lawyer to spot a contract that is being unfair to him.
I was in an accelerator with a company called beagle.ai that did exactly this (among other things). Their site appears to be down this morning, I don’t know if that is a temporary or permanent state.
Seriously, over time I've come to the conclusion that a lot of the most egregious things put in contracts are around open-ended liabilities and indemnifications. It seems like it would be straight-forward to create a tool that simply scanned for which party has liabilities, and what limits there are on those liabilities. It is not everything, but it would be a good first pass.
Sure. grep could take the file. I knew that when I wrote the above line. We could have a nice debate about readability and maintainability, compositional design over compact expression, etc. But that's kind of over-kill for a joke, eh?
This will likely make lawyers much cheaper to hire since it will only require maybe an hour of their time, of which 95% will be spent talking to you and the other 5% spent running an AI app on the contract.
It would make actually reading the damn things plausible.