The Vendor Contract Review skill ingests any contract agreement and produces an executive summary in an easily ingestible format to understand best practice questions about the document. Additionally, the Contract Review skill allows the user to ask up to three (3) unique questions about the document.
Specifically, the Vendor Contract Review skill produces analysis on the following sections of the uploaded document:
Parties Involved
Scope of Services
Pricing and Payment Terms
Duration and Termination
Performance Standards
Liabilities and Insurance
Indemnification
Dispute Resolution
Force Majeure
Confidentiality
Compliance with Laws and Regulations
Subcontracting
To use this Skill, you must have a contract document for a senior housing community available to upload to the Skills module. Acceptable file formats include: .docx, .pdf, or .txt files. Please avoid scanned documents if possible as they may have trouble having their text recognized correctly. Files must be less than 120 MB.
To run this Skill:
Click "Continue" to acknowledge that you understand the upload requirements of the Skill.
Upload your desired contract document.
Input a question about the agreement into the blank text box or choose "Skip."
Input a second question about the agreement into the blank text box or choose "Skip."
Input a third question about the contract into the blank text box or choose "Skip."
The analysis of your contract will likely take several minutes. You can navigate away from the page while AI Skills analyzes your document. To download the output to a word document, select the "Download" button at the top or bottom of the output.
PLEASE NOTE: This content has been generated by NIC MAP Vision's Automations Platform and is only intended to be a first draft. It must be reviewed by a trained professional to ensure accuracy and compliance with all applicable laws and regulations.