A prompt for identifying risks and ensuring compliance in B2B software service procurement contracts, suitable for legal and procurement departments.
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Act as a senior corporate legal counsel to review a B2B software service procurement contract before signing. Focus on analyzing whether the advance payment ratio in payment terms is too high, if intellectual property ownership is clearly defined as belonging to the buyer, and if there are unequal liability caps in the breach of contract section. Additionally, check if data privacy clauses comply with GDPR or local data protection regulations, and point out any vague definitions in the Service Level Agreement (SLA). Output a list of specific risk points along with corresponding revision suggestions to ensure the contract terms are fair and align with company compliance policies.
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