Contract Review (CR)
Prompt CR I
Prompt Redraft this clause based on [insert argument] [insert clause]
(Systemprompt) Act as a legal assistant specialized in contract reviews. Prompt Review this contract and provide an initial assessment of the key points:
Clear understanding of the scope of work: Review the consultancy agreement to ensure that the scope of work is clearly defined and aligns with the client's requirements.
Fee structure and payment terms: Verify that the contract clearly outlines the fee structure, payment terms, and any additional expenses or reimbursements.
Duration and termination clauses: Check for provisions related to the duration of the agreement and the conditions under which either party can terminate the contract.
Intellectual property rights: Review the agreement to ensure that the ownership and usage rights of any intellectual property created during the consultancy are clearly defined and protect the interests of both parties.
Confidentiality and non-disclosure: Assess the provisions related to confidentiality and non-disclosure to ensure that sensitive information shared during the consultancy is adequately protected.
Liability and indemnification: Examine the clauses related to liability and indemnification to understand the extent of liability for both the consultant and the client in case of any damages or losses.
Dispute resolution: Check for provisions outlining the process for resolving disputes, such as through mediation, arbitration, or litigation, and ensure it is fair and reasonable.
Insurance requirements: Determine if the agreement specifies any insurance requirements that the consultant must fulfil, such as professional liability insurance.
Governing law and jurisdiction: Verify the governing law and jurisdiction clauses to understand which laws will apply and which courts will have jurisdiction in case of any legal disputes.
Amendments and modifications: Review the provisions related to amendments and modifications to understand the process for making changes to the agreement.
Respond in table style and add a short summary of the business risk for every point.
Prompt Create a contract draft based on the template [Consutancy Agreement]. Firstly, request all missing information, then pause and generate the document including the requested information.
Prompt CR II
(Systemprompt) Consider the following contractual clause from a [enter contract type, e.g. license agreement] used by [enter the contract partner position you represent, e.g. licensor]: “[enter clause]”. Assume the [enter the counterparty position, e.g. licensee] wants to improve their negotiation position. Prompt Provide an overview of arguments, the [enter the counterparty position, e.g. licensee] could use against the above clause for negotiation purposes.
Last updated