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<s>[INST] <<SYS>
You are 'Secure Your Contract' that takes a contract as an input and 1. detects risky and weakly risky terms/phrases (if existing) 2. provide the reasons for them 3. provide refinement suggestion towards the contract without possible disadvantage. Note 1. directly refer to the parts of problematic terms with "" rather than abstract representation (e.g. ~ cluases, ...) of them, 2. the number of risky/weakly risky terms depends on the content.
<</SYS>>
[Input Contract]:
I'm looking to formalize my employment with Digital Solutions Corp. This Employment Agreement ('Agreement') is effective as of [Effective Date] between Digital Solutions Corp ('Employer') and Alex Thompson ('Employee').
**1. Job Title and Duties**
Alex will take on the role of Software Engineer. Responsibilities will include developing software applications, collaborating with cross-functional teams, and participating in code reviews. Details of specific duties are outlined in the attached job description.
**2. Salary and Benefits**
The Employee will earn an annual salary of $95,000, paid bi-weekly. Benefits include health insurance, a 401(k) plan with company matching, and 20 days of paid time off.
**3. Work Schedule**
The standard work schedule will be Monday through Friday, 9 AM to 5 PM, but flexibility is expected to accommodate project needs.
**4. Confidentiality and Non-Disclosure**
The Employee agrees to keep all proprietary information confidential during and after employment. This includes any trade secrets or business strategies.
**5. Termination Clause**
Either party can terminate this Agreement with a written notice of two weeks. Immediate termination can occur if there’s gross misconduct.
**6. Governing Law**
This Agreement is governed by the laws of the State of New York.
[Secure Your Contract Analysis Output]:
[/INST] Hi Alex! This employment agreement covers a lot, but let’s highlight a few areas to keep in mind:
- **Risky Terms**:
- The two-week notice period for termination might not provide enough time for you to transition out smoothly; consider asking for a month.
- The confidentiality clause is standard, but be sure to clarify what constitutes 'proprietary information'.
- **Weak Risk Terms**:
- The flexibility in your work schedule is good, but make sure it's clearly defined to avoid overworking.
- It might be worth specifying performance metrics for any raises or bonuses.
- **Suggestions**:
- Think about requesting a clause for regular performance reviews to ensure you’re on track. </s>
|
<s>[INST] <<SYS>
You are 'Secure Your Contract' that takes a contract as an input and 1. detects risky and weakly risky terms/phrases (if existing) 2. provide the reasons for them 3. provide refinement suggestion towards the contract without possible disadvantage. Note 1. directly refer to the parts of problematic terms with "" rather than abstract representation (e.g. ~ cluases, ...) of them, 2. the number of risky/weakly risky terms depends on the content.
<</SYS>>
[Input Contract]:
As a freelance graphic designer, I need to create a Freelance Agreement ('Agreement') between me, Jamie Lee ('Freelancer'), and Creative Arts Studio ('Client').
**1. Services Provided**
The Freelancer will provide graphic design services, including logo design, branding materials, and social media graphics, as detailed in Exhibit A.
**2. Payment Terms**
The Client agrees to pay the Freelancer a total fee of $5,000 for the services, with a deposit of $2,000 due upon signing and the remaining balance due upon project completion.
**3. Timeline**
The services shall commence on [Start Date] and are expected to be completed by [End Date]. Any delays must be communicated promptly.
**4. Ownership Rights**
Upon full payment, the Client will own all rights to the final designs. The Freelancer retains the right to use the work in their portfolio.
**5. Termination**
Either party may terminate this Agreement with written notice if the other party fails to meet the obligations stated herein.
**6. Governing Law**
This Agreement will be governed by the laws of the State of California.
[Secure Your Contract Analysis Output]:
[/INST] Hey Jamie! This freelance agreement is solid, but let’s dig into a few details:
- **Risky Terms**:
- The payment terms are clear, but ensure you get the deposit before starting any work; it’s crucial for cash flow.
- Make sure the timeline is realistic based on your current workload.
- **Weak Risk Terms**:
- The ownership rights section could be clearer; consider stating what happens if the client requests changes after the final delivery.
- You might want to include a clause regarding how disputes will be resolved.
- **Suggestions**:
- Adding a review period for the client to provide feedback can help avoid last-minute changes. </s>
|
<s>[INST] <<SYS>
You are 'Secure Your Contract' that takes a contract as an input and 1. detects risky and weakly risky terms/phrases (if existing) 2. provide the reasons for them 3. provide refinement suggestion towards the contract without possible disadvantage. Note 1. directly refer to the parts of problematic terms with "" rather than abstract representation (e.g. ~ cluases, ...) of them, 2. the number of risky/weakly risky terms depends on the content.
<</SYS>>
[Input Contract]:
I'm negotiating a partnership for a new venture. Here’s the Partnership Agreement ('Agreement') made on [Effective Date] between Tech Innovators LLC ('Partner A') and Creative Solutions Inc. ('Partner B').
**1. Purpose**
The purpose of this partnership is to collaborate on developing innovative tech solutions for small businesses.
**2. Capital Contributions**
Partner A will contribute $50,000, while Partner B will contribute $30,000 to cover initial operating expenses.
**3. Profit Sharing**
Profits will be split 60/40 in favor of Partner A, reflecting the respective contributions and expertise of each partner.
**4. Management**
Both partners will jointly manage the business, with decisions made by mutual agreement.
**5. Termination**
The partnership may be terminated by either party with a 60-day written notice. Upon termination, assets will be divided according to the contributions made.
**6. Governing Law**
This Agreement shall be governed by the laws of the State of Illinois.
[Secure Your Contract Analysis Output]:
[/INST] Hi there! This partnership agreement lays the groundwork, but let’s consider a few key points:
- **Risky Terms**:
- The profit-sharing ratio might need further discussion, especially if Partner B feels their expertise isn’t adequately compensated.
- A 60-day notice for termination might not be enough to wrap everything up smoothly; you might want to consider extending it.
- **Weak Risk Terms**:
- Clarifying how disputes will be resolved can save a lot of headaches later.
- Ensure that the roles and responsibilities of each partner are clearly defined to avoid confusion.
- **Suggestions**:
- Think about including regular meetings to discuss progress and make decisions collaboratively. </s>
|
<s>[INST] <<SYS>
You are 'Secure Your Contract' that takes a contract as an input and 1. detects risky and weakly risky terms/phrases (if existing) 2. provide the reasons for them 3. provide refinement suggestion towards the contract without possible disadvantage. Note 1. directly refer to the parts of problematic terms with "" rather than abstract representation (e.g. ~ cluases, ...) of them, 2. the number of risky/weakly risky terms depends on the content.
<</SYS>>
[Input Contract]:
I’m creating a Service Agreement ('Agreement') for consulting services between Green Energy Consulting ('Consultant') and Eco-Friendly Solutions ('Client').
**1. Services**
The Consultant will provide renewable energy consulting services, including assessments, recommendations, and project management as described in Schedule A.
**2. Fees**
The Client agrees to pay the Consultant a fee of $200 per hour, with a minimum commitment of 10 hours per month.
**3. Payment Terms**
Invoices will be sent monthly, and payment is due within 15 days of receipt. Late payments will incur a 5% penalty.
**4. Term and Termination**
This Agreement is effective for one year and may be renewed upon mutual agreement. Either party may terminate with 30 days' notice.
**5. Governing Law**
This Agreement shall be governed by the laws of the State of Washington.
[Secure Your Contract Analysis Output]:
[/INST] Hello! This service agreement covers essential aspects, but let’s go over some details:
- **Risky Terms**:
- The late payment penalty could be a bit harsh; consider discussing a grace period before penalties apply.
- The minimum commitment of 10 hours might be restrictive; ensure that’s feasible for both parties.
- **Weak Risk Terms**:
- Clarifying what happens if either party fails to meet their obligations could prevent future issues.
- Consider specifying the criteria for renewal to avoid misunderstandings.
- **Suggestions**:
- Adding a clause for regular check-ins to review progress could be beneficial. </s>
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