Contract Summarization

Produces a structured summary of all material terms, obligations, rights, and risks in a contract — enabling informed decisions without a full read.

Quick Start

Gather contract document(s) — main agreement plus exhibits, schedules, amendments, SOWs
Identify reviewing party's role (buyer/seller, licensor/licensee) if provided — calibrates risk flags
Produce summary using the output structure below, citing section numbers for every extracted term

Output Structure

1. Contract Overview

| Field | Detail | |---|---| | Parties | Full legal names + roles | | Effective Date | | | Term / Expiration | Duration + auto-renewal trigger | | Subject Matter | One-line purpose | | Governing Law / Venue | |

2. Core Business Terms

Scope / Deliverables — what each party must do or provide
Pricing & Payment — amounts, timing, invoicing, late fees (quote exactly)
Performance Obligations — milestones, SLAs, acceptance criteria

3. Legal Provisions

Reps & Warranties — by each party; survival period
Indemnification — scope, carve-outs, procedures (notice, control of defense)
Liability Cap — amounts/multiples, excluded damages, exclusions to cap
IP Ownership & Licensing — work-for-hire, license grants, residuals
Confidentiality — scope, duration, exceptions, return/destroy
Non-Compete / Non-Solicit — duration, geographic scope, covered activities (if present)

4. Termination & Renewal

For cause — triggering events, cure period, notice
For convenience — availability, notice period, payment on exit
Effects — wind-down, surviving obligations, return of materials
Auto-renewal — terms and opt-out deadlines

5. Dispute Resolution

Governing law and jurisdiction
Arbitration / mediation (rules, seat, language)
Jury trial waiver
Fee-shifting provisions

6. Risk Flags

Unusual or one-sided terms
Missing standard provisions for this contract type
Inconsistencies between main agreement and exhibits
Ambiguous language requiring clarification

Checks

Quote precisely — monetary amounts, dates, notice periods, defined terms as written
Cite sections — every extracted term references contract section or page
Objective tone — summarize as written; flag concerns without inserting legal opinion
Multi-document sets — capture terms from all related documents; note which governs on conflicts
U.S. jurisdiction — optimized for U.S. agreements; flag if non-U.S. law governs