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Manually reviewing lengthy contracts to identify key terms and risks is both time-consuming and error-prone. Stakeholders often struggle to extract critical details, leading to delays in approvals, inconsistent evaluations, and increased exposure to overlooked obligations or risks.
The Contract Summary and Risk Review Agent automates this review process by analyzing contract language, summarizing essential clauses, and flagging high-risk elements for immediate attention. Drawing from internal and external data—such as version histories, negotiation notes, metadata, and stakeholder feedback—the agent generates context-aware summaries and structured risk assessments for each contract iteration. It highlights areas involving liability, non-compliance, or unfavorable terms and presents insights in a clear, digestible format for business and legal teams.
By automating contract summarization and risk detection, this agent enhances review accuracy, reduces manual analysis time, and accelerates approval workflows. Organizations gain stronger risk visibility, improved stakeholder alignment, and greater confidence in contract execution decisions.
Accuracy
TBD
Speed
TBD
Input Data Set
Sample of data set required for Contract Summary and Risk Review Agent:
MASTER SERVICES AGREEMENT (DRAFT v3.0)
Between: InnovateCorp ("Provider") And: Quantum Dynamics ("Client") Date: October 26, 2023
4. Service Level Agreement (SLA)
4.1 Uptime Guarantee: Provider commits to a 99.9% monthly Uptime for all core services defined in Appendix A. Uptime is measured based on server-side error rates.
[Comment - InnovateCorp Legal]: We need to tighten the definition of 'Uptime'. Does this exclude scheduled maintenance? The current phrasing is ambiguous and could lead to disputes.4.2 Service Credits: Should the monthly Uptime percentage fall below the guaranteed level, Client will be eligible for a service credit of 5% of their monthly fee for that period.
6. Payment Terms
6.1 Invoicing: Provider will invoice Client on the first day of each month for services rendered in the preceding month.
6.2 Payment Due: All invoices are due within thirty (30) days of the invoice date (Net 30).
[Comment - Quantum Dynamics Procurement]: The Net 30 term is acceptable. However, the proposed late fee in 6.3 is above our company standard. Can we reduce it to 1%?6.3 Late Payments: Payments not received by the due date will be subject to a late fee of 2.0% per month on the outstanding balance.
9. Limitation of Liability
9.1 Maximum Liability: Except for claims arising from gross negligence or willful misconduct, the total liability of either party under this agreement shall not exceed the total fees paid by the Client to the Provider in the twelve (12) months immediately preceding the event giving rise to the claim.
[Comment - InnovateCorp Sales]: Is this liability cap our standard position? Need to confirm before presenting this to the client.
Deliverable Example
Sample output delivered by the Contract Summary and Risk Review Agent:
Contract Analysis Report: InnovateCorp & Quantum Dynamics MSA (v3)
This report summarizes the key terms and identifies potential risks from the provided draft document for expedited stakeholder review.
1. Executive Summary of Key Terms
- Parties: InnovateCorp (Provider) and Quantum Dynamics (Client).
- Agreement Type: Master Services Agreement.
- Service Level Agreement (SLA):
- Uptime Commitment: 99.9% monthly uptime for core services.
- Remedy: 5% service credit on the monthly fee if uptime is not met.
- Payment Terms:
- Cycle: Invoiced monthly.
- Due Date: Net 30 days.
- Late Fee: 2.0% per month on outstanding balances.
- Limitation of Liability:
- Cap: Total liability is capped at the sum of fees paid in the prior 12-month period.
- Exclusions: Gross negligence or willful misconduct.
2. Key Risk Analysis & Action Items
The following risks and points of negotiation have been identified based on the contract text and embedded stakeholder comments.
| Risk ID | Category | Description & Context | Severity | Recommended Action |
|---|---|---|---|---|
| R-01 | Legal / Operational | The definition of "Uptime" in section 4.1 is ambiguous and does not explicitly exclude scheduled maintenance. This could lead to future disputes over SLA compliance. | Medium | Legal Team: Refine the "Uptime" definition in Appendix A to clarify inclusions and exclusions. |
| R-02 | Financial / Negotiation | Quantum Dynamics' procurement has formally objected to the 2.0% late fee (section 6.3), proposing 1.0% instead. This is a point of contention that may delay signing. | Medium | Sales Team: Open negotiations with Quantum Dynamics to agree on a mutually acceptable late fee percentage. |
| R-03 | Legal / Financial | An internal query from Sales questions whether the liability cap in section 9.1 is aligned with InnovateCorp's standard policy. | Low | Sales Team: Confirm with the Legal department that the 12-month fee cap is the standard and appropriate level of risk for this engagement. |
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