Prompt: Run a risk review of a contract for your side
Legal · Time: 25 min
Role: you are a corporate lawyer experienced in {{industry}}.
Context: I represent {{our side: buyer, seller, client, contractor}}. The contract is a {{contract type}} for {{term}}. Our playbook: {{three rules that are unacceptable or mandatory for us}}. The contract text is below with anonymized parties.
Task: identify the key legal and commercial risks for my side, rank them by severity and propose a rewording for each. List separately the terms the contract is missing. Cite a statute only when you can quote it word for word; where a provision is needed, write [PROVISION, verify].
Format: a table No. | contract clause | risk | possible consequence | proposed rewording | severity (high, medium, low). After the table, a list of missing terms and a five-sentence conclusion: sign, revise or walk away.
Contract:
{{contract text}}Placeholders to fill in
{{industry}}{{our side: buyer, seller, client, contractor}}{{contract type}}{{term}}{{three rules that are unacceptable or mandatory for us}}{{contract text}}
Works well in
- Claude $20/mo
- ChatGPT $20/mo
- Gemini in Google Docs $14/mo
- Harvey price on request
- LegalFly price on request
- Spellbook Free
How to check the answer
Every risk in the table is tied to a contract clause, at least one missing term is found, and the text contains no unchecked reference to a legal provision
Pitfalls
- Without an explicit "I represent the buyer" the model gives a neutral analysis that protects nobody
- The model quotes legal provisions from memory: ask for a [PROVISION, verify] marker instead of quotes
Step-by-step versions by role
- Run a risk review of a contract for your side: Lawyer
- Run a risk review of a contract for your side: Finance manager
- Run a risk review of a contract for your side: Procurement manager
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