Non-Disclosure Agreement (NDA)

Non-Disclosure Agreement (NDA)

• Focus on confidentiality clauses, terms of the agreement, and exceptions to obligations.

• Typical AI tasks: Identify missing clauses, ambiguous terms, or compliance risks.

2KB

Sample_NDA_Demo.pdf

pdf

Download the above file and upload it to your AI tool whether it is ChatGPT or Eknite

Here are 10 prompts you can use to analyze the contract using AI tools:

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General Analysis

1. "Summarize this contract and highlight its key terms and conditions."

   • This prompt will extract a concise summary, focusing on clauses like confidentiality obligations, term duration, and remedies.

2. "Identify and explain any ambiguous or vague terms in this contract."

   • AI can pinpoint areas that may require clarification to avoid disputes later.

3. "What are the potential risks for the receiving party under this agreement?"

   • Useful for evaluating liability, breach penalties, or overly restrictive obligations.

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Clause-Specific Analysis

1. "Analyze the confidentiality clause and suggest ways to strengthen it."

   • AI can recommend additions such as specifying encryption standards or regular audits.

2. "Is the term duration of this agreement typical for similar contracts? Suggest modifications if needed."

   • Helpful to evaluate whether the five-year duration aligns with industry standards.

3. "Review the exclusions and mandatory disclosures clause and identify potential legal risks."

   • This ensures compliance with local laws and highlights risks in mandated disclosures.

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Risk and Compliance

1. "Does this contract comply with Canadian and California law for NDAs? Highlight any compliance issues."

   • Tailored to the jurisdictions mentioned, this checks for legality and enforceability.

2. "Highlight any missing clauses that are typically included in similar NDAs."

   • AI can suggest adding clauses like non-solicitation or data protection requirements.

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Optimization

1. "Simplify the language of this contract for better readability while preserving its legal intent."

   • Great for making the document more accessible to non-legal professionals.

2. "Compare this NDA with industry best practices and suggest improvements."

• This evaluates whether the document adheres to current legal and industry standards.