Contract Drafting Agent

Automatically drafts contracts based on organizational policies, specific functions, and examples provided as variables.

About the Agent

The Contract Drafting Agent is a specialized GenAI tool designed to transform the contract creation process within legal departments. By leveraging the capabilities of generative AI, the agent automates the drafting of contracts, directly aligning them with predefined organizational policies and specific functional requirements. It takes into consideration sample examples and tailored variables to generate precise terms, clauses, and language, ensuring each contract adheres to company guidelines and relevant legal standards. This meticulous attention to detail not only enhances the quality of the contracts produced but also significantly reduces the time legal teams spend on tedious document preparation.

By automating routine tasks, the Contract Drafting Agent enables legal professionals to dedicate more resources to high-level, strategic activities. Its integration into existing enterprise systems ensures that contracts are consistent across the board, improving turnaround times and overall operational efficiency. The versatility of the agent allows it to adapt to various contract types, providing organizations with a reliable tool to maintain both accuracy and compliance across their legal workflows. As processes evolve and organizational needs shift, the continuous improvement cycle of the ZBrain team, alongside user feedback, ensures the agent remains an invaluable resource in streamlining legal operations.

Accuracy
TBD

Speed
TBD

Input Data Set

Sample of data set required for Contract Drafting Agent:

Contract Drafting Agent - Sample Input

Contract Type:

Software Development Agreement

Details:

  • Parties Involved:
    • TechCorp (Client)
    • DevSolutions (Vendor)
  • Project Scope:
    Development of a custom CRM software solution.
  • Timeline:
    6 months from the contract signing date.
  • Payment Terms:
    • 30% upfront
    • 40% upon delivery of the beta version
    • 30% upon final delivery and acceptance
  • Confidentiality:
    Both parties agree to maintain confidentiality of all shared information.
  • Intellectual Property:
    All IP developed during the project will be owned by TechCorp.
  • Termination Clause:
    Either party may terminate the contract with 30 days' notice.
  • Governing Law:
    Laws of the State of California.

Deliverable Example

Sample output delivered by the Contract Drafting Agent:

SOFTWARE DEVELOPMENT AGREEMENT

This Software Development Agreement ("Agreement") is entered into on October 15, 2023 by and between:

  1. TechNova Solutions Inc., a corporation organized under the laws of the State of California, with its principal office located at 1234 Innovation Drive, San Francisco, CA 94107 ("Client"); and
  2. CodeCrafters LLC, a corporation organized under the laws of the State of California, with its principal office located at 5678 Developer Lane, Palo Alto, CA 94301 ("Vendor").

Client and Vendor may be referred to individually as a "Party" and collectively as the "Parties."


1. SCOPE OF WORK

Vendor agrees to develop a custom CRM software solution for Client as described in Exhibit A (attached hereto). The project shall commence on November 1, 2023 and is expected to be completed within 6 months from the contract signing date.


2. PAYMENT TERMS

The total contract value is $250,000, payable as follows:

  • 30% of the total contract value ($75,000) shall be paid upon signing this Agreement.
  • 40% of the total contract value ($100,000) shall be paid upon delivery of the beta version.
  • 30% of the total contract value ($75,000) shall be paid upon final delivery and acceptance of the software.

All payments shall be made in accordance with the invoice and payment schedule provided by Vendor.


3. CONFIDENTIALITY

Both Parties agree to maintain the confidentiality of all information shared during the term of this Agreement. Confidential information shall not be disclosed to any third party without prior written consent, except as required by law.


4. INTELLECTUAL PROPERTY

All intellectual property (IP) developed during the course of this project, including but not limited to software code, designs, and documentation, shall be the sole property of TechNova Solutions Inc.. Vendor agrees to assign all rights, title, and interest in such IP to TechNova Solutions Inc. upon completion of the project.


5. TERMINATION

Either Party may terminate this Agreement by providing 30 days' written notice to the other Party. In the event of termination:

  • Client shall pay Vendor for all work completed up to the termination date.
  • Vendor shall deliver all work-in-progress and related materials to Client.

6. GOVERNING LAW

This Agreement shall be governed by and construed in accordance with the laws of the State of California.


7. MANDATORY CLAUSES (ORGANIZATION POLICY)

7.1 Compliance with Data Protection Laws

Vendor agrees to comply with all applicable data protection laws, including but not limited to GDPR and CCPA, in the performance of this Agreement.

7.2 Indemnification

Vendor agrees to indemnify and hold harmless TechNova Solutions Inc. from any claims, damages, or liabilities arising out of Vendor's breach of this Agreement.

7.3 Limitation of Liability

In no event shall either Party be liable for any indirect, incidental, or consequential damages arising out of this Agreement.


8. MISCELLANEOUS

  • Entire Agreement: This Agreement constitutes the entire understanding between the Parties and supersedes all prior agreements, representations, or understandings.
  • Amendments: Any amendments to this Agreement must be made in writing and signed by both Parties.
  • Severability: If any provision of this Agreement is found to be invalid or unenforceable, the remaining provisions shall remain in full force and effect.

9. SIGNATURES

IN WITNESS WHEREOF, the Parties have executed this Agreement as of the date first written above.


TECHNOVA SOLUTIONS INC.
By: ___
Name: John Doe
Title: Chief Technology Officer
Date: October 15, 2023

CODECRAFTERS LLC
By: ___
Name: Jane Smith
Title: Chief Executive Officer
Date: October 15, 2023


EXHIBIT A: SCOPE OF WORK

(Attach detailed description of the project, deliverables, milestones, and timelines.)

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