Legal and professional services

Clause extraction

Read a contract, extract its key terms and flag what departs from the firm's standard positions.

Demo with fictional companies, documents and data. · Harbor & Vale LLP

Interactive demoHarbor & Vale LLP

Sample agreement

1. This Software Services Agreement is made between Bayline Foods Inc. ("Client") and Crestview Software LLC ("Provider").

2. The initial term is 24 months from the Effective Date.

3. The Agreement renews automatically for successive 12-month periods unless either party gives notice at least 90 days before the end of the current term.

4. Either party may terminate for material breach not cured within 30 days of written notice.

5. Provider's total liability is limited to the fees paid in the 12 months preceding the claim, except that Client's indemnity obligations are not subject to any limitation.

6. Each party will keep the other party's Confidential Information confidential for 3 years after termination.

7. This Agreement is governed by the laws of the State of Florida.

Extracted terms

Parties: ·
Initial term: ·
Renewal: ·
Termination: ·
Liability: ·
Confidentiality: ·
Governing law: ·

Assistant over the company's documents

Answers only from the documents below and cites them.

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Documents the assistant can read (5)

Contract Review ChecklistEvery commercial agreement is checked for: parties and signatories, term and renewal, termination rights and notice periods, limitation of liability, indemnities, confidentiality, data protection, governing law and dispute resolution.
Standard Positions: Limitation of LiabilityOur preferred cap is the fees paid in the 12 months before the claim. Uncapped liability is acceptable only for confidentiality breaches, gross negligence and wilful misconduct. Any uncapped indemnity must be escalated to a partner.
Auto-Renewal Clauses GuidanceAutomatic renewals are flagged when the notice period to avoid renewal exceeds 30 days. The renewal date and the last day to give notice are recorded in the matter calendar.
Confidentiality Terms PlaybookConfidentiality obligations should survive termination for at least 3 years, or indefinitely for trade secrets. Disclosures required by law are allowed with prompt notice to the other party.
Governing Law PreferencesFor clients based in Florida we prefer Florida law and courts in Collier County. Arbitration is acceptable when the seat is in the United States.

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