Contract Summarization

Model Overview

Model Name

• Name: Contract Summarization 4o
• Version: 1.1
• Date of Release: 2024-10-09

Description

• Summary: This model was specifically tailored to summarize contracts. It is fine-tuned to handle both complex and standard agreements, extracting key terms and obligations.
• Architecture: gpt-4o-2024-08-06 fine-tuned.

Intended Use

Use Cases

• Primary Use Cases:
  • Summarizing contracts.
  • Extracting key legal provisions from agreements.
  • Assisting lawyers with quick contract reviews.
• Non-intended Use Cases: This model is not intended for use in generating legal advice or for handling highly sensitive or classified documents without oversight.

Target Audience

• Users: Legal professionals, business owners, contract managers, and researchers looking for summaries of contracts.

Sample interaction

• Sample User Input: User can ask for something similar to: "Summarize this contract: [CONTRACT]"
• Sample Assistant Output:

  Contract Summary
  
  Parties and Roles: ...
  Agreement Date: ...
  Effective Date: ...
  Term and Termination: ...
  Governing Law: ...
  Purpose and Scope: ...
  Key Obligations: ...
  Payment Terms: ...
  Confidenciality: ...
  Intellectual Property: ...
  Warranties and Disclaimers: ...
  Indemnification: ...
  Special Clauses: ...
  Risks: ...
  Unique Provisions: ...

Maintenance and Updates

Version History

Version Number	Release Date	New Features	Bug Fixes	Performance Improvements
0.1	2024-08-29	Initial release	N/A	N/A
1.0	2024-09-24	Added more data; Finetuned adjusted for organic data	N/A	Enhanced summarization of key contract clauses
1.1	2024-10-09	Removed system prompt dependency	N/A	N/A

Release Notes

Version Changes

• v0.1 (Release Date: 2024-08-29)

  • Initial release with basic summarization capabilities for commercial contracts.
  • Focus on extracting key legal provisions such as term, termination, IP rights, confidentiality, and payment terms.

• v1.0 (Release Date: 2024-09-24)

  • Improved formatting of summary output.
  • Synthetic data creation adapted to follow organic data format.

• v1.1 (Release Date: 2024-10-09)

  • No System Prompt required
  • Performs the same as v1.0

Contact Information

Author(s) / Developers

• Name(s): AIRIA LLC

Contact

• https://airia.com/learn-more

License

• License Type: Airia Model License