Contract Risk Review Prompt

Please review this contract and give me a plain-English summary of the key terms and any clauses I should pay attention to.

[PASTE CONTRACT TEXT]

Please identify:
1. Key obligations — what each party is required to do
2. Payment terms and any penalties
3. Termination conditions and notice periods
4. Liability caps and indemnification clauses
5. Intellectual property ownership
6. Any clauses that are unusual or that I should consider negotiating
7. Missing provisions that are typically included in this type of agreement

Note: [describe your role — e.g. I am the vendor / I am the customer / I am reviewing for a colleague]