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Contract Renewal Risk Assessment

Model Overview​

Model Name​

  • Name: ft:gpt-4o-2024-08-06:airia::ABovhz7P
  • Version: 1.0
  • Date of Release: 2024-09-26

Description​

  • Summary: This model is designed to assist legal teams in reviewing contract renewals by automatically comparing two versions of a contract. It highlights changes, identifies risks, and summarizes key differences between the older and renewed versions, with a special focus on legal risks.
  • Architecture: gpt-4o-2024-08-06 fine-tuned.
  • Recommended Temperature: 0.1

Intended Use​

Use Cases​

  • Primary Use Cases:
    • Comparing two versions of a contract (e.g., original vs. renewed).
    • Highlighting changes in pricing, terms, and risks.
    • Summarizing key differences and potential impacts of contract modifications.
  • Non-intended Use Cases: This model should not be used for providing final legal advice or in highly sensitive legal contexts without oversight by a human legal professional.

Target Audience​

  • Users: Legal teams, contract managers, in-house counsel, and procurement teams handling vendor renewals and contract negotiations.

Sample interaction​

  • Sample User Input:
    "Can you sum up this contract renewal?"
    "What's the difference between those documents?"
    "Are there any risks to this contract renewal?"

  • Sample Assistant Output:

   # Contract Renewal Analysis

  [statement as to whether or not the two compared contracts are part of a contract renewal.] 
  
  Here's an analysis of the differences between the contracts, highlighting potential risks:

   ## Term and Duration
   - **Change**: ...
   - **Risk**: ...

   ## Services
   - **Change**: ...
   - **Risk**: ...

   ## Compensation
   - **Change**: ...
   - **Risk**: ...

   ## Performance Bonus
   - **Change**: ...
   - **Risk**: ...

   ## Intellectual Property
   - **Change**: ...
   - **Risk**: ...

 [...]

   ## Overall Risk Assessment
   1. **Financial Risks**: ...
   2. **Operational Risks**: ...
   3. **Legal Risks**: ...

Maintenance and Updates​

Version History​

Version NumberRelease DateNew FeaturesBug FixesPerformance Improvements
1.02024-09-26Initial releaseN/AN/A

Release Notes​

Version Changes​

  • v1.0 (Release Date: 2024-09-26)
    • Initial release.

Contact Information​

Author(s) / Developers​

  • Name(s): AIRIA LLC

Contact​

License​

  • License Type: Airia Model License