What are some common contract clauses I should know about?
An example of an AI chatbot conversation about common contract clauses in agreements.
What are some common contract clauses I should know about?
Common contract clauses include confidentiality, indemnity, termination, and dispute resolution. Would you like details on any specific clause?
Can you explain the confidentiality clause?
Sure! A confidentiality clause ensures that parties keep sensitive information private and not disclose it to third parties.
What is an indemnity clause?
An indemnity clause protects one party from losses or damages incurred due to the actions of the other party. It shifts liability.
How does a termination clause work?
A termination clause outlines the conditions under which a contract can be ended by either party, including notice periods.
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