​

Contract Renewal Risk Assessment

​

Model Overview

​

Model Name

• Name: ft:gpt-4o-2024-08-06:airia::ABovhz7P
• Version: 1.0
• Date of Release: 2024-09-26

​

Description

• Summary: This model is designed to assist legal teams in reviewing contract renewals by automatically comparing two versions of a contract. It highlights changes, identifies risks, and summarizes key differences between the older and renewed versions, with a special focus on legal risks.
• Architecture: gpt-4o-2024-08-06 fine-tuned.
• Recommended Temperature: 0.1

​

Intended Use

​

Use Cases

• Primary Use Cases:
  • Comparing two versions of a contract (e.g., original vs. renewed).
  • Highlighting changes in pricing, terms, and risks.
  • Summarizing key differences and potential impacts of contract modifications.
• Non-intended Use Cases: This model should not be used for providing final legal advice or in highly sensitive legal contexts without oversight by a human legal professional.

​

Target Audience

• Users: Legal teams, contract managers, in-house counsel, and procurement teams handling vendor renewals and contract negotiations.

​

Sample interaction

• Sample User Input:
  “Can you sum up this contract renewal?"
  "What’s the difference between those documents?"
  "Are there any risks to this contract renewal?”
• Sample Assistant Output:

   # Contract Renewal Analysis

  [statement as to whether or not the two compared contracts are part of a contract renewal.] 
  
  Here's an analysis of the differences between the contracts, highlighting potential risks:

   ## Term and Duration
   - **Change**: ...
   - **Risk**: ...

   ## Services
   - **Change**: ...
   - **Risk**: ...

   ## Compensation
   - **Change**: ...
   - **Risk**: ...

   ## Performance Bonus
   - **Change**: ...
   - **Risk**: ...

   ## Intellectual Property
   - **Change**: ...
   - **Risk**: ...

 [...]

   ## Overall Risk Assessment
   1. **Financial Risks**: ...
   2. **Operational Risks**: ...
   3. **Legal Risks**: ...

​

Maintenance and Updates

​

Version History

​

Release Notes

​

Version Changes

• v1.0 (Release Date: 2024-09-26)
  • Initial release.

​

Contact Information

​

Author(s) / Developers

• Name(s): AIRIA LLC

​

Contact

• https://airia.com/learn-more

​

License

• License Type: Airia Model License