A prompt for identifying risks and compliance in B2B software service contracts, suitable for legal and procurement teams.
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Act as a senior corporate legal counsel to conduct a deep risk review of an upcoming B2B software service procurement contract. Focus on analyzing whether the advance payment ratio in payment terms is too high, if intellectual property ownership is clearly defined, and if liability clauses are balanced. Additionally, verify if data privacy clauses comply with GDPR or local regulations, and identify any vague force majeure definitions that could lead to service interruptions. Finally, list the top three potential risks in concise language and provide specific revision suggestions or negotiation strategies for each, ensuring the contract protects company interests while remaining executable.
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