How to use ChatGPT to analyse Contract Drafts

Description

This Skill Bit shows that analyzing contract drafts with ChatGPT involves several steps to ensure accuracy and relevance. Preprocess documents, define analysis objectives, craft specific prompts, extract key clauses, assess risks, evaluate compliance, compare drafts, generate insights, review findings, and iterate as needed. Supplement ChatGPT’s analysis with human expertise to validate and enhance results. By following these steps, ChatGPT can effectively assist in extracting insights, identifying risks, and improving contract drafts for better decision-making in contract management.

Duration approx. 5 Min.

Tier: advanced