1. What this prompt does

• Function: This AI-powered solution allows users to compare a standard contract template with a new contract, identifying differences in clauses. It categorizes these differences as stronger, weaker, new, or missing and provides edit suggestions along with associated risks.
• Target:
  • Legal Professionals: Quickly evaluate contract differences to save time and ensure accuracy.
  • Business Owners: Ensure new contracts align with standard practices and protect interests.
  • Contract Managers: Streamline the review process by focusing on critical changes.
  • Students in Law: Learn about contract analysis by comparing real-world examples.
• Benefit:
  • Save time by quickly identifying key differences in contracts.
  • Get insights into potential risks associated with each clause change.
  • Avoid overlooking critical changes that could impact contract validity.
  • Obtain edit suggestions to strengthen or correct contractual language.

2. How do you use this prompt?

1. Open ChatGPT
2. Copy the provided prompt
3. Paste into ChatGPT and run
   User Input :

   Please compare the following two contract documents. Identify differences in clauses by categorizing them as stronger, weaker, new, or missing. Provide edit suggestions for each difference and highlight any associated risks.
   

4. Get a detailed comparison of contract clauses, with edit suggestions and risk assessments.

3. When will you need this prompt?

• Legal Professionals → When reviewing a new client contract against a standard template to ensure compliance and protection.
• Business Owners → When negotiating with partners to ensure the contract terms are favorable and protective.
• Contract Managers → During the contract renewal process to identify any changes that might affect ongoing agreements.
• Students in Law → For practice in identifying and analyzing differences in contractual language as part of coursework.
• Procurement Officers → When assessing vendor agreements to ensure all necessary clauses are included and up to standard.