Ontra vs ProVision: how they compare in 2026
Ontra and ProVision both manage side letters and most favored nation elections for private funds. Ontra does it inside a wider private markets platform, while ProVision is a dedicated tool built by former fund formation lawyers. Ontra's lead is published governance. It holds ISO 42001 for AI management alongside SOC 2 Type 2 across all five criteria, has subject matter experts review AI output for errors, and publishes a subprocessor list with change alerts. Its public terms cap liability at $100, and a signed customer agreement replaces them. ProVision's counterweight is isolation and its customer base. Each customer gets a dedicated single tenant instance on AWS, and it names Cleary Gottlieb, Fried Frank, Goodwin and Ropes & Gray among firms using it, with over 5,000 side letters processed in 2025. Its agreement, data processing terms and SOC 2 report are available only by email.
Which one fits
Choose Ontra if
- You want AI governance you can point to on paper. Ontra holds ISO 42001 for its AI management system, SOC 2 Type 2 across all five trust services criteria and ISO 27001:2022, and runs a trust center with a subprocessor list and email alerts on changes.
- You want more than side letters from one vendor. Ontra covers outsourced NDA and contract negotiation, entity management and structure charts in Atlas, obligation tracking in Insight, investor questionnaires and reverse KYC, and names Blackstone, AllianceBernstein and Battery Ventures among users.
- You want your own AI tools to reach entity data. Ontra's MCP server gives a firm's own language model real time, read only access to Atlas entity and ownership data, and Ontra for Word puts the product inside the drafting surface lawyers already use.
Choose ProVision if
- Your firm will not accept shared infrastructure for client documents. ProVision runs each customer in a dedicated single tenant AWS instance, states that documents and extracted data are never commingled with other clients' data, and offers configurable data residency.
- You run fund formations and need MFN elections done end to end. ProVision builds a master side letter view from uploaded side letters and partnership agreements, generates investor specific election forms in PDF and Word with anonymization, and tracks responses into one record.
- You want a tool used by firms like yours. ProVision names Cleary Gottlieb, Fried Frank, Goodwin, Paul Weiss, Proskauer, Ropes & Gray and Willkie Farr & Gallagher, and reports more than 5,000 side letters across over 450 matters in 2025.
At a glance
All 15 axes, side by side
The same grid applied to every vendor in the index, graded from public sources. Hover a grade to see what the letter means on that axis.
AI Centrality
How much of the product is actually AI. Whether the machine learning is the mechanism the buyer is paying for or a feature layered onto conventional software, and whether the vendor is specific about which is which.
The models drive the data products and sit as a layer on the service products. Insight extracts clauses and covenants from fund and credit agreements into structured obligation data, Accord produces AI markup against a digital playbook, and DDQ generates responses from a precedent library; all three are model driven. But for Contract Automation, the flagship, Ontra's pricing page says the work is done by people: qualified contract professionals on Standard, qualified lawyers on Advanced, and lawyers described as having experience at top firms on Premier. Remove the models and an outsourced negotiation service and an entity directory remain saleable. A core capability is model driven, on a workflow and document platform that would still work without it.
Extraction is the model's job: uploaded side letters, LPAs and master documents are read, and their provisions and investor terms are structured automatically. The support FAQ says the platform does not require AI to run and that the most advanced AI is deployed only where it adds value, with guardrails to retain control over outputs. A customer's own published account describes AI features as added when appropriate, according to each client's preferences and data security policies, so the AI is optional and set for each client. Without it the platform is still a structured repository of side letters and LP comment memos, with MFN election form generation and response tracking, provision comparison and merging, versioning and an action record.
Citation Accuracy and Hallucination Disclosure
Whether the vendor publishes measured accuracy on citations and assertions, grounds output to primary sources, and says plainly what its system does when it does not know. Legal has a documented public record of fabricated citations reaching filed briefs, so an untested claim of accuracy is not evidence.
Accuracy is asserted and never measured. The AI page promises “reliable AI” and “expert-validated, actionable intelligence”, and AI Search is marketed as answering questions “informed by the full scope of your agreements”. No accuracy figure, test set, evaluation or named failure mode is published. Nothing published shows that an answer links back to a source passage a reader can open and check. The expert review process that catches hallucinations is covered under Autonomy and Oversight. The product works on the customer's own fund documents rather than primary law, so grounding to primary authority and citation status checks fall outside what it claims.
Extraction is said to structure provisions while preserving the original legal text, and comparison is said to work without breaking traceability, so an output can be traced to its source clause. The support FAQ says fail safes or guardrails are provided to prevent hallucinations. No accuracy figure, test set, evaluation, error rate or description of the extraction method is published, and nothing states what share of provisions are extracted correctly or how an extraction error reaches a reviewer. A Data Security White Paper, described as a technical deep dive into the architecture, is available only by email.
Autonomy and Oversight Model
What the system decides on its own, what a lawyer must approve, and whether the vendor documents where the review point sits. A tool that drafts under review and a tool that files without one are different products and different risks.
A written human review commitment is published with a described mechanism. The security page sets out a Human-in-the-Loop Model in which subject matter experts continually review text outputs for accuracy, flag potential hallucinations and enforce consistency across repeated questions. They then trace root causes to retrieval augmented generation prompting, query understanding or embedding models, naming the layers of the pipeline where failures are diagnosed. The pricing page adds a second control by tiering who does the work, from contract professionals to lawyers described as having experience at top firms. The rest of the control structure is missing: no thresholds, no statement of what runs unattended and what a customer must approve, and no described review screen or escalation route in the product.
The about page says the technology is there to assist rather than to second guess professional judgment and that ProVision keeps the lawyer in control, and the overview repeats that structuring happens without compromising legal judgment. Extracted provisions and investor information are presented for review, MFN elections follow rules and parameters the team sets, and the home page describes visibility and control at every step, with a record of every action, approval and document version. No threshold is published at which the system acts without a reviewer, and nothing describes what happens to extractions nobody approves. No confidence signal appears against an individual provision, and the guardrails in the support FAQ are named without being described.
Operational and Outcome Evidence
Named, dated evidence that the product works in production at real firms or legal departments. Case studies with figures and identified customers count. Unattributed testimonials and launch announcements do not.
Attribution is strong, and the figures sit on the other side of it. Named customers come with named officers and titles: Vincent Taurassi, General Counsel and COO at Sentinel Capital Partners; Lizette Perez-Deisboeck, General Counsel and CCO at Battery Ventures; Jonathan Romick, General Counsel at Linden Capital Partners, describing an SEC production; and Ed Zelaski, Director of Compliance at Blue Point. Blackstone and Bain Capital Credit have their own case studies. Separately, the vendor publishes portfolio figures: more than 1,000 customers, more than 2 million documents processed, 9 of the top 10 PEI ranked firms, and 96 percent customer retention. A footnote gives the retention method: the average across customers using a platform solution for at least a year as of December 2025. That is a dated, assessable method, but it describes the vendor's book, not what changed at a named firm. Named customers come without figures, and figures without a named customer.
The company names Cleary Gottlieb, Fried Frank, Goodwin, Paul Weiss, Proskauer, Ropes & Gray and Willkie Farr & Gallagher as customers, described as more than ten of the world's largest law firms. It quotes Theresa Spartichino, Director of Practice Technology at Ropes & Gray, and Conan Hines, Director of Practice Innovation at Fried Frank. Fried Frank published its own announcement of the deployment, quoting Becky Zelenka, partner and joint head of its Private Equity Funds group. ILS says that in 2025 the platform processed more than 5,000 side letters across over 450 matters, supporting more than 150 billion dollars of capital raised in six named markets. No figure is attributed to any named firm, the quotes describe operational clarity and quick adoption without measurement, and no case study is published.
Privilege and Confidentiality Posture
How client confidences are handled: attorney client privilege and work product treatment, segregation of one client matter from another, whether client data trains any model, and what the vendor commits to in writing rather than in marketing.
Training and model provider retention are answered; separation is not. The security page says Ontra never uses customer data to train models, and that data passed to third party LLM providers is processed only to deliver the service and deleted afterwards, which states what the model provider keeps. Terms of Service clause 10.2 commits Ontra to a reasonable degree of care over User Data. Against that, clause 6.2 reserves the right to collect usage data on an aggregated and anonymized basis to improve products, except as limited by a Customer Agreement. The no training promise therefore lives on a marketing page while the published agreement reserves an improvement use. Nothing documents separation between tenants, and clause 10.2 warns that other Users with access rights may reach User Data. Privilege and work product are not addressed, and the Customer Agreement is unpublished.
ProVision runs in a single tenant AWS environment logically segregated per customer, and documents and extracted data sit in a dedicated instance and are said never to be mixed with other clients' data. There is no shared document storage across customers, access runs on granular role based control, and encryption is AES-256 at rest with TLS 1.2 or higher in transit. No privilege or work product treatment is named. The FAQ carries an entry headed Do you use our data to train AI models, but no training position is published in readable text. ILS's trust center also describes a zero knowledge framework under which ILS cannot access customer provisions or investor data, with end to end encryption at every stage, which sits in tension with a product that extracts and structures provisions on its servers. Nothing published reconciles the two, and the white paper that might is available only by email.
UPL and Professional Responsibility Posture
Whether the vendor is clear that it supplies a tool rather than legal advice, who its audience is, and how it addresses unauthorized practice of law, competence and supervision duties, and jurisdiction limits. ABA Formal Opinion 512 is the reference point. Where the advice line is not the duty a product raises, the axis is read through the nearest professional duty it does raise: judicial conduct rules and the reviewing duty for products sold only to courts, and the duty to bill for time actually spent for products that draft time entries.
A real position covering the product, not just the website, is published. Terms of Service clause 12.2, headed No Legal or Other Advice, says nothing in the Services, software or documentation is legal advice, that Ontra is not a law firm and provides no legal services, advice or representation, and that no attorney client relationship is formed. It places responsibility for decisions taken in reliance on output with the user. The clause reaches the Platform, not only the marketing site. It sits in tension with the business: Ontra runs the Ontra Legal Network, and the pricing page sells access to qualified lawyers who negotiate the customer's contracts. Nothing addresses the buyer's own competence and supervision duties, no jurisdiction limits are named, and ABA Formal Opinion 512 is not mentioned.
The about page says the technology assists rather than second guesses professional judgment and that ProVision keeps the lawyer in control, and the overview describes structuring side letters and LPAs without compromising legal judgment. The audience is private investment funds lawyers at law firms and fund formation teams, so there is no consumer surface. No statement says outputs are not legal advice, nothing requires a lawyer to verify an extracted provision before relying on it, and no rule of professional conduct, bar or regulator is named. No jurisdiction limit is stated, although the company reports work across six markets with different regimes. The Terms of Service, described on the trust center as the governing agreement, are available only by email.
AI Governance and Bias Disclosure
Published governance over model behavior: who owns it inside the vendor, what is tested before release, and what is disclosed about disparate output across matter types, parties, or populations.
Ontra holds ISO 42001, the international management system standard for AI, stated on the security page and shown as a badge on the home page. A certified AI management system is a governance framework with real substance, not a set of principles. Three things are missing. No person or committee at Ontra is named as accountable, no testing regime before release is described, and no result is disclosed on uneven output across document types, jurisdictions or counterparties. The SOC 2 and ISO 27001 attestations belong to security rather than AI governance.
No governance position is published: there is no responsible AI page, principles statement, named owner accountable for model behavior or evaluation and testing regime, and nothing on bias or on uneven extraction quality across document types, drafting styles or jurisdictions. The site's navigation and footer list ProVision Overview, Trust Center, Blog, Support, About ILS, Our Team, Careers, Press Announcements, Contact, Privacy Policy and Cookies Policy, and none is a governance page. The trust center's Resource Vault lists eight items, all security, privacy or contractual documents rather than AI governance material. The support FAQ's reference to fail safes and guardrails is a product assurance, not a governance framework. A description of the company as taking a disciplined approach to AI led by lawyers comes from its lead investor rather than from the company.
AI Safety and Data Stewardship
Retention, deletion, access control, and what happens to prompts and documents after they are processed. Whether the vendor states its subprocessors and its incident practice, or leaves the buyer to assume.
The security page publishes AES-256 with rotating keys at rest and TLS 1.2 or above in transit, says third party LLM providers encrypt in both states, and commits to deleting data passed to those providers once processing is complete. It names a dedicated security team and the tools it runs: SAST, DAST, CDR, EDR, continuous GRC, WAF and MDM. A subprocessor list is published on the trust center at trust.ontra.ai, which also offers email notice of subprocessor changes. No incident response or breach notification practice is published, and nothing states how long documents and generated outputs are kept inside the platform, as distinct from the zero retention commitment at the model layer.
ProVision publishes AES-256 encryption at rest, TLS 1.2 or higher in transit, single tenant AWS deployment with logical segregation per customer, granular role based access control, real time monitoring, redundant backups and configurable data residency options. No retention period, deletion route or certification, or named subprocessor appears on the site or the trust center. The documents that would cover each point are listed on the trust center, and each opens an email to the company's information security address: a GDPR Overview said to cover where data is hosted and which subprocessors are involved, a Data Processing Agreement, an Incident Response Overview and a Privacy Policy. The portal does not say whether a request is fulfilled without a sales conversation. A Privacy Policy also sits at a public footer link.
AI Liability and Recourse
What the vendor stands behind contractually when its output is wrong. Indemnities, caps, carve outs, insurance, and whether any of it is published or only reachable through a negotiated agreement.
The published allocation is specific and runs one way. Terms of Service clause 13.2 caps Ontra's total liability at $100, disclaims all consequential, incidental and special damages, including loss or corruption of data, and carves out only fraud and willful misconduct. Clause 12.1 provides the Services as is with all warranties disclaimed, and clause 13.1 runs the only indemnity from the user to Ontra. There is no warranty on output, no insurance position and no indemnity to the customer. The document that would actually govern a buyer is not published. Clause 1 says a customer's written Customer Agreement supersedes these Terms, and no Customer Agreement, MSA or DPA is published on the site. The figure and the carve out can be read before signing, but what is published disclaims the exposure the product creates rather than standing behind it.
ILS's trust center lists a Terms of Service, described as the governing agreement for using ILS platforms, and its View link opens an email to the company's information security team. The Data Processing Agreement sits behind the same route, so neither agreement is published openly. No indemnity, cap, carve out, warranty on output or insurance position is published, and none of the home page, overview, about page, support FAQ or trust center carries any liability language.
Practice Systems Integration Depth
How deeply the product reaches into the systems legal work already lives in: document management such as iManage and NetDocuments, Word and Outlook, contract lifecycle management, matter management, e-billing, and court filing systems.
Real integrations are named and described by what they do rather than how to configure them. The Ontra MCP Server gives a customer's own LLM real time, read only access to Atlas entity data, so a firm can query entities and ownership structures from its existing AI tool; direction and permission model are both stated. The Terms of Service name Ontra for Word as an application plugin, placing the product in the drafting tool lawyers already use. The Atlas pricing panel includes a Standard API package, the DDQ panel lists flexible exports, and Insight publishes side letter compliance exports. Contract Automation includes a document management system in all three editions. No integrations page, developer index or configuration documentation is published, and no connector to a legal document management system such as iManage or NetDocuments is named.
Documents enter by upload, described as side letters, LPAs and related documents uploaded in minutes, and outputs leave as generated election forms in PDF and Word. No document management system is connected, and neither iManage nor NetDocuments nor SharePoint is named; no practice management, matter management, electronic billing or fund administration system is named either. There is no integrations page in the site navigation or footer, no API reference and no developer documentation. The one published connection is for sign in: the support FAQ confirms single sign on with multi factor authentication, or username and password with two factor authentication, or both. At an AmLaw firm, the executed documents the product reads usually already sit in a document management system.
Deployment Model and Data Residency
Where the software runs and where the data sits. Multi tenant cloud, single tenant, private deployment, on premises, and whether region of residence is a published option or an enterprise conversation.
Cloud delivery is obvious, and neither tenancy nor residency is stated. The product is a web platform reached at app.ontra.ai, but none of the home page, the AI capabilities page, the security and privacy page, the pricing page or the Terms of Service states a tenancy model or offers a data residency region, and no processing location is given separately from storage. The only published point touching location is that third party LLM providers encrypt data in transit and at rest, which says nothing about where either sits. A trust center sits at trust.ontra.ai on Vanta.
ProVision is deployed in a secure single tenant AWS environment, logically segregated per customer, with each customer's documents and extracted data in a dedicated instance and no shared document storage across customers. ILS contrasts this with what it says most legal technology providers do, which is run shared multi tenant environments. Amazon Web Services is named as the host. Configurable data residency options are listed as a feature, but no region is named. Nothing states where processing happens as distinct from storage, and no model or inference location is published. A GDPR Overview said to cover where data is hosted is available only by email request.
Security Certifications and Trust Center
Independent attestation a buyer can pull without a sales call: SOC 2, ISO 27001, penetration test summaries, a trust center with current reports and named scope rather than a badge image.
The certification set is strong. The security page states SOC 2 Type 2 across all five trust services criteria, with the scope specified, plus ISO 27001:2022 with the version named and ISO 42001. A trust center on Vanta at trust.ontra.ai is linked from the security page and says it carries subprocessor information and offers notice of changes. No auditor is named and no coverage period or report date is published, and nothing says whether reports can be downloaded, sit behind a click through, or require a sales conversation.
ILS's trust center says a SOC 2 Type II report is independently issued and covers security, availability and processing integrity. The compliance section of the same page says the systems are aligned with SOC 2 Type II standards, and its summary strip reads SOC aligned, while the support FAQ says the company is SOC 2 Type 2 certified. Alignment is a self assessment and certification is not, so the pages conflict. No auditor, audit period or report date is published, and the report is reachable only by emailing the company's information security address, with no statement that the request is fulfilled without a sales conversation.
Model Supply Chain Disclosure
Which models sit underneath, whose they are, where they run, and whether the vendor commits to telling customers when that changes. A legal buyer inherits every dependency it cannot see.
The architecture is described in detail and the providers behind it are never named. Ontra names its own pipeline layers, retrieval augmented generation, query understanding and embedding, and states a zero retention commitment at the model layer, so the shape of the system is visible and the model provider is known not to keep customer content. Nothing published answers the question of whose model sees customer content. No model, model family or provider is named, and no inference location is stated. The trust center at trust.ontra.ai has a dedicated subprocessors page with email notice of changes to the list, so a change notice mechanism exists.
The support FAQ says the platform deploys the most advanced AI only where it can add value. No model, provider or version is named, no inference location is stated, and no commitment to notify customers of changes is published. Amazon Web Services is named as the cloud host, which says where the platform sits, not whose model reads a side letter. ILS's trust center lists a GDPR Overview said to cover which subprocessors are involved, and its link opens an email request.
Commercial Transparency
Whether a buyer can learn what this costs without entering a sales process: published rates, the unit being charged, what sits behind an enterprise tier, and what implementation adds.
A real pricing page carries tiers, feature splits, the unit of charge and one actual number. Contract Automation publishes three editions with a comparison matrix covering playbook customization, who does the work, turnaround and document management. It states a monthly minimum fee of $2,000 on both Advanced and Premier, and no monthly minimum on Standard. Insight for Funds publishes three tiers and Insight for Credit two, each with a populated feature matrix. Atlas, Accord, DDQ and KYC publish what their licenses include and route the figure to Request Pricing. Free trials and a proof of value are offered without a sales gate on several products. The rate per document that actually drives the bill is never published, so the floor is known but not the price, and six of the seven products carry no figure at all.
No pricing information is published at any level, including the unit of charge. The site has no pricing page, and the support page lists a Sales contact for ProVision pricing, enterprise discussions and rollout planning behind an email link. Nothing states whether the platform is charged per matter, per fund, per side letter, per seat or as a license for the whole firm, and no tier, price range, minimum, term or implementation cost is published. Two FAQ entries are headed What is the ROI and What does a pilot look like; neither is a pricing disclosure.
Firm and Practice Coverage
Who the product is actually built for. AmLaw, midlaw, small firm and solo, in house departments, government and courts, and which practice areas are supported rather than merely claimed.
Coverage is described by buyer and by workflow with real precision. The site has pages by team (legal, compliance, finance and investor relations) and by firm type, covering investment firms, investment banks and law firms, the last aimed at automating MFN processes. The practice scope is concrete: NDAs and other routine contracts, engagement letters, side letters and MFN elections, credit agreements and covenants, entity management and CTA compliance, reverse KYC, and investor due diligence questionnaires. The private markets framing is a real boundary, and the vendor repeats it everywhere. Limits inside that boundary are not stated. Nothing says which document types Contract Automation will decline, government use is not addressed, and the only scope caveat located is a pricing footnote that some document types, such as commercial agreements or engagement letters, take 48 hours rather than 24.
The product is addressed to private investment funds lawyers and fund formation teams. The work is named at the level of the task: side letters, limited partnership agreements, master side letter compilation, MFN elections and LP comment memos, described as work after a fund closes. The named customers are elite international law firms, and geographic reach is given as the United States, United Kingdom, European Union, Hong Kong, Singapore and the Middle East. The platform is described as serving both funds and law firms. No statement names fund types or structures it does not support, nothing says whether an in house fund legal team can buy it directly rather than through counsel, and no minimum firm size is given. Roadmap language describes expanding into a unified platform for fund formation teams.
The 12 legal signals, side by side
Recorded rather than graded. These are the questions a practitioner has to answer before a tool touches a client matter, and the answers are taken from public material only.
Client Data in Training
Can material a lawyer puts into this product be used to train a model?
The security page states in its opening line that Ontra protects customer data by never using it to train models, and repeats the point as a headline commitment. No matching term appears in the published Terms of Service, and the Customer Agreement that clause 1 says supersedes those Terms is not published. Terms clause 6.2 runs the other way, reserving the right to collect usage data including on an aggregated and anonymized basis for improving products and services, except as limited by a Customer Agreement. So the commitment is a policy, not a contract term.
ILS publishes an FAQ entry headed Do you use our data to train AI models on both its trust center and its support page, so it addresses the question, but the answer, held in a collapsed section, was not available to read. Answers to other entries in the same set are published, including that the platform does not require AI to run and uses advanced AI only where it adds value with guardrails, and that single sign on with multi factor authentication is supported.
The Data Processing Agreement and the Terms of Service, which would settle the point, are reachable only by emailing the company's information security address. This is not a finding that ILS is silent on training or that it trains on customer content.
Prompt and Output Retention
How long does the product keep what a lawyer typed, and can that be set to zero?
Ontra publishes a Zero Data Retention commitment covering data provided to third party LLMs through an Ontra application, which is processed only to deliver the service and deleted afterwards. The period is effectively none at that layer, and the customer is not offered a setting. The commitment is scoped to the model layer: nothing published states how long documents, extracted obligation data or generated outputs are retained inside the platform itself, which is a repository product by design.
No retention period for uploaded documents, extracted provisions or generated outputs is published on the home page, the ProVision overview, the about page, the support FAQ or the trust center. The trust center describes how data is held rather than for how long: AES-256 encryption at rest, TLS 1.2 or higher in transit, single tenant deployment with a dedicated instance per customer, role based access control and redundant backups, and it states that the customer owns its data.
No default period, configurable window, deletion route or certificate of destruction is published, and nothing addresses what happens to a fund's side letters at the end of a matter or of the subscription. The documents that would carry it, a Data Processing Agreement, a Privacy Policy and a GDPR Overview, are listed on the trust center and each resolves to an email link.
Ethical Walls and Matter Segregation
Does retrieval respect the firm’s ethical walls, or can the model read across them?
Ethical walls, matter level segregation and tenant separation have no described mechanism, and the terms point toward shared access rather than boundaries. The closest material runs the other way: Terms clause 10.2 states that other Users with appropriate access rights may have access to a customer’s User Data. Atlas lists advanced user permissions as a license inclusion, and the MCP server is described as read only, but neither is presented as a segregation control and no document describes how any boundary is enforced.
ILS's trust center says most legal technology providers run shared multi tenant environments and that ProVision is different: it is deployed in a secure single tenant AWS environment logically segregated per customer, with each customer's documents and extracted data held in a dedicated instance and never mixed with other clients' data. No shared document storage across customers is listed as a separate control, alongside granular role based access control limiting access to authorized users.
Nothing describes segregation between matters, funds or clients within one firm's instance, though the product is built to compare provisions across investors and matters, and no ethical wall or conflicts mechanism is described.
Third Party Request and Subpoena Notice
If someone subpoenas the vendor for a firm’s data, does the firm hear about it first?
The privacy policy states Ontra may access, preserve and disclose any information it stores to external parties where it believes in good faith that doing so is required or appropriate, giving law enforcement and national security requests and legal process such as a court order or subpoena as examples. The standard is Ontra’s own good faith judgment and extends to what it considers appropriate, not only what is legally required.
No commitment to notify the customer, and no exception for notice where lawfully permitted, is published. The policy does commit to reasonable efforts to notify before a change of control, which is a different event.
No compelled disclosure or customer notice position is published on the home page, the ProVision overview, the about page, the support FAQ or the trust center, and no transparency report or government request statement appears there. The Terms of Service and the Data Processing Agreement are listed on the trust center behind email requests, and the Privacy Policy sits behind the same route and at a public footer link.
ILS's trust center says it works under a zero knowledge framework and cannot access customer provisions or investor data. If that holds, it would bear on what the company could produce under compulsion, but it is not a notice commitment, and nothing published connects the two.
Primary Law Corpus Provenance
Where does the law in this product come from, and does the vendor have the right to use it?
The product does not retrieve primary law, so there is no legal corpus to source. Ontra’s AI operates on the customer’s own fund documents, side letters, credit agreements and playbooks, plus the Ontra Market Playbook used as a negotiation baseline. No public material identifies any primary law source, license basis or update cadence. The question does not arise for this kind of product; it is not that the vendor declined to answer it.
ProVision works from the customer's own documents: uploaded side letters, limited partnership agreements, related documents and existing master side letters, with provisions structured from them and the original legal text preserved. It does not retrieve primary law, published precedent, a clause bank of market standard terms or any third party dataset, and none is named on the home page, the ProVision overview, the about page, the support FAQ or the trust center.
The comparison and merge feature surfaces provision information across clients and matters, but it works on the firm's own material rather than licensed content. There is no licensed content and no jurisdictional coverage to record.
Good Law Verification
Does the product tell you when the authority it just cited has been overruled?
No citator, and none would apply. Ontra’s outputs are summaries, clause comparisons and obligation data drawn from the customer’s own agreements rather than from case law or legislation, so there is no authority whose subsequent history could be checked. Nothing on the AI capabilities, product or security pages addresses currency of underlying legal authority.
ProVision reads investor side letters and fund documents and produces structured provisions, master side letter views and MFN election forms. It does not retrieve or present primary law, and no case, statute or regulation is shown to a user at any point in the published workflow. Nothing on the home page, the ProVision overview, the about page, the support FAQ or the trust center addresses checking authority for later history.
Refusal and Uncertainty Behavior
What does the product do when the answer is not in the corpus?
Hallucinations are caught by people after generation, not by any described abstention in the product. The security page describes subject matter experts who review outputs and flag potential hallucinations, but that is human detection after generation rather than a documented abstention path in the product, and no confidence signal or no answer behavior is described on the AI capabilities, product or security pages. That stands out because AI Search is marketed as answering questions across a firm’s full agreement set.
The support FAQ says the platform provides fail safes or guardrails to keep full control over outputs and prevent hallucinations. Extraction preserves the original legal text, and comparison is said to keep traceability, so a reviewer can return to source. No abstention state, condition for declining to answer, confidence score against an extracted provision or handling of ordinary failure conditions is published. Those conditions are specific and foreseeable here: an ambiguous side letter or one amended by hand, a scanned execution copy, a provision spanning clauses, or two investor terms that conflict.
Fabricated Citation Record
Does a public court record exist addressing fabricated or hallucinated legal citations in output from this product?
The AI Hallucination Cases database maintained by Damien Charlotin, and general sanctions coverage, record no court order, opinion or disciplinary record naming Ontra or its former company name InCloudCounsel. Ontra’s outputs are contract and fund document work product rather than citations to legal authority.
The AI Hallucination Cases database maintained by Damien Charlotin records no court order, opinion or disciplinary record naming the product ProVision or the company names Intelligent Legal Solutions and ILS. This is a statement about the public record rather than a finding about the product. ProVision structures negotiated investor terms rather than generating legal citations, so a fabricated citation is not the failure it would usually produce.
Bar Guidance Alignment
Has the vendor engaged in public with the ethics opinions its buyers are bound by?
Ethics guidance binding its buyers goes unmentioned. ABA Formal Opinion 512 is not mentioned and no state bar or overseas regulator opinion is named on the home page, AI capabilities page, security page or pricing page or in the Terms of Service. Terms clause 12.2 states Ontra is not a law firm and forms no attorney client relationship, which is a positioning statement rather than engagement with the guidance its buyers and its own legal network members are bound by.
No bar authority, regulator, conduct rule or ethics opinion is named on the home page, the ProVision overview, the about page, the support FAQ or the trust center, and no guidance specific to any jurisdiction is mapped. The company reports operating across the United States, United Kingdom, European Union, Hong Kong, Singapore and the Middle East, which have materially different rules for using technology on client matter material and for moving it across borders.
The nearest published language addresses professional judgment rather than professional rules: the about page says the technology assists rather than second guesses professional judgment. The Terms of Service, where a jurisdiction or conduct provision would usually sit, are available only by emailing the company.
Billing and Fee Posture
Does the vendor address what happens to the bill when the work takes an hour instead of six?
Public materials claim cost control and efficiency, such as outsourcing routine negotiations to control costs, cutting entity management costs and freeing teams for more valuable work, without addressing how AI assisted work should be recorded or disclosed on a bill. The published pricing is the cost of the technology and service to the buyer, which is a different question from a client's bill. No audit record of AI assisted work and no fee or disclosure guidance is published.
The support and trust center FAQ frames the problem in billing terms: moving side letters by hand into Excel or Word compendia and tracking MFN elections by hand leads to hours billed that the firm does not recover, inaccurate work product and slower delivery. A further FAQ entry is headed What is the ROI. The pitch is that the firm captures fees it currently loses, rather than that the work takes fewer billed hours.
No record of AI assisted work for each matter is described, no guidance on fee or disclosure treatment is published, and nothing says whether a provision the model extracted or structured is identified as such to the firm or to the fund client.
Outside Counsel Guideline Readiness
Can a firm get this vendor through a client’s AI clause without a bespoke negotiation?
A subprocessor list is published on Ontra’s trust center at trust.ontra.ai, which also invites subscription to email notifications when subprocessors change. The portal is publicly linked from the security page, and no agreement or sales conversation is required to reach it. No model provider is named elsewhere on the site.
The trust center's Resource Vault lists a Data Security White Paper described as a technical deep dive into architecture, encryption and the zero knowledge framework; a GDPR Overview said to cover where data is hosted and which subprocessors are involved; an independently issued SOC 2 Type II report; a Privacy Policy; a Data Processing Agreement setting out the company's role as processor; and an Incident Response Overview.
Each View link opens an email to the company's information security team, and the portal does not say whether a request is fulfilled without a sales conversation. No subprocessor or model provider is named openly, so a client's AI clause cannot be answered from published material alone. The only external link in the vault points to the California Attorney General's CCPA page rather than to any ILS document.
Court Disclosure Support
If a judge’s standing order requires an AI disclosure, can the product produce one?
Regulatory exports exist, but nothing serves as a court disclosure record. Nothing on the AI capabilities, product, pricing or security pages describes an exportable record of which model produced which passage or who verified it. Insight publishes side letter compliance exports and Ontra cites an SEC production at Linden Capital Partners, but both are regulatory and investor reporting artifacts rather than a filing disclosure record. The product serves fund legal and compliance teams rather than litigators, so the question rarely arises in practice.
The home page commits to keeping a clear, complete record of every action, approval and document version to support compliance. The overview describes comparison and structuring that keep traceability, with the original legal text preserved so an entry can be traced to its source clause. Nothing says the record identifies which provisions the model extracted rather than a person entered, no model or version is attributed to an output, and nothing describes exporting that history for a client audit, a regulator or a court.
The exports described are of work product, MFN election forms in PDF and Word with anonymization, rather than of the audit trail.
The questions both sides leave open
Derived from the records above rather than written, so it cannot favor either vendor. Take these into both conversations and ask each side the same question.
- Primary Law Corpus Provenance
- Good Law Verification
- Refusal and Uncertainty Behavior
- Bar Guidance Alignment
In summary
Ontra
Ontra, from Ontra, LLC, is an AI platform for private markets firms. It covers outsourced negotiation of NDAs and other routine contracts, entity management in Atlas, obligation and side letter tracking in Insight, investor questionnaires and reverse KYC. Its AI turns fund documents into structured data, summaries and clause comparisons, with subject matter experts reviewing outputs. On contract negotiation, the work is done by contract professionals or lawyers depending on the edition. According to the AI Legal Index, it holds ISO 42001, SOC 2 Type 2 and ISO 27001:2022 and states more than 1,000 private markets firms as users. Its upper negotiation editions carry a $2,000 monthly minimum, and its other products route to a quote.
ProVision
ProVision, from Intelligent Legal Solutions Limited of London, is a side letter and most favored nation management platform for fund formation lawyers. It was founded in 2024 by former investment funds lawyers from Goodwin and Proskauer. It extracts provisions from uploaded side letters and partnership agreements while preserving the original text, builds a master side letter view, and runs MFN elections end to end. According to the AI Legal Index, it runs each customer in a dedicated single tenant AWS instance and names Cleary Gottlieb, Fried Frank and Ropes & Gray among customers. Its customer agreement is available by email, and pricing questions go to its sales team.
Questions buyers ask
Ontra vs ProVision: which is better for side letter and MFN management?
Ontra publishes more on AI governance, security and pricing, across a wider private markets platform. ProVision is a dedicated side letter tool with single tenant hosting and named elite law firm customers. Fund formation teams at law firms will find ProVision built for their exact task. From the AI Legal Index, based on each vendor's own published materials as of September 26, 2026. No vendor pays for placement.
Does ProVision use AI on side letters?
Yes, where it adds value. ProVision says its platform does not require AI to run, and that it deploys AI where useful with guardrails to keep control of outputs with the lawyer. Extraction structures provisions from uploaded documents while preserving the original legal text, and comparison keeps traceability to the source clause. From the AI Legal Index, based on each vendor's own published materials as of September 26, 2026. No vendor pays for placement.
Does Ontra train AI on client data?
Ontra's security page states that it never uses customer data to train models, and that data passed to third party language model providers is processed only to deliver the service and deleted afterwards. Its public terms reserve use of usage data, aggregated and anonymized, to improve its products, except as limited by a customer agreement. ProVision's answer sits in separate material. From the AI Legal Index, based on each vendor's own published materials as of September 26, 2026. No vendor pays for placement.
How much do Ontra and ProVision cost?
Ontra's contract negotiation service publishes a monthly minimum of $2,000 on its Advanced and Premier editions and none on Standard. Its other products route to a quote. ProVision directs pricing questions to its sales team by email. From the AI Legal Index, based on each vendor's own published materials as of September 26, 2026. No vendor pays for placement.
Neither vendor paid for inclusion, placement or a grade, and neither reviewed this page before it published. Everything on it comes from public material on the dates shown. How the index grades.
Three points to weigh. Ontra's public terms reserve use of usage data, aggregated and anonymized, to improve its products, alongside a security page statement that it never trains models on customer data. The customer agreement that replaces those terms is not published. ProVision's trust center calls its SOC 2 Type II report independently issued and also calls its systems SOC 2 aligned. Its terms and data processing agreement are available only by email, and its training position is not public, so its gaps reflect a gated estate rather than unfavorable terms. Neither vendor reviewed this page.