A prompt for legal departments to identify risks and ensure compliance in B2B software service contracts.
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Act as a senior corporate legal counsel and 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 data privacy compliance meets GDPR or local regulations. Additionally, identify if the liquidated damages cap for Service Level Agreement (SLA) breaches is reasonable and point out any vague clauses that could lead to unilateral termination. Finally, provide specific revision suggestions to balance rights and obligations, mitigate legal risks, and ensure the contract language is rigorous and unambiguous.
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