This prompt guides AI to assess risks and compliance of standard service contracts in a business legal context, identifying potential legal traps and suggesting revisions.
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Act as a senior corporate legal counsel reviewing a B2B software service subscription contract. Read the provided contract text carefully, focusing on identifying high-risk areas regarding data privacy, liability limitations, termination clauses, and intellectual property ownership. If you find any ambiguous or unfavorable terms, briefly point out the specific risk and provide industry-standard revision suggestions. Ensure your analysis is based on current data protection regulations, avoiding overly technical legal jargon so business teams can understand. Finally, summarize the three key clauses that require immediate negotiation.
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