What are the key terms I should look for in a contract?
An example of an AI chatbot conversation about understanding contract terms.
What are the key terms I should look for in a contract?
Key terms to look for include the scope of work, payment terms, duration, termination clauses, and liability.
Can you explain what a termination clause is?
A termination clause outlines the conditions under which either party can end the contract before its completion.
What does liability mean in a contract context?
Liability refers to the legal responsibilities and obligations of each party in the event of a breach or damages.
Are there any terms that are negotiable?
Yes, many terms such as payment amounts, deadlines, and scope of work can often be negotiated before signing.
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