ThomasMoreAI Contract Summarization
Produces a structured summary of all material terms, obligations, rights, and risks in a contract — enabling informed decisions without a full read.
Quick Start
- Gather contract document(s) — main agreement plus exhibits, schedules, amendments, SOWs
- Identify reviewing party's role (buyer/seller, licensor/licensee) if provided — calibrates risk flags
- Produce summary using the output structure below, citing section numbers for every extracted term
Output Structure
1. Contract Overview
| Field | Detail |
|---|---|
| Parties | Full legal names + roles |
| Effective Date | |
| Term / Expiration | Duration + auto-renewal trigger |
| Subject Matter | One-line purpose |
| Governing Law / Venue |
2. Core Business Terms
- Scope / Deliverables — what each party must do or provide
- Pricing & Payment — amounts, timing, invoicing, late fees (quote exactly)
- Performance Obligations — milestones, SLAs, acceptance criteria
3. Legal Provisions
- Reps & Warranties — by each party; survival period
- Indemnification — scope, carve-outs, procedures (notice, control of defense)
- Liability Cap — amounts/multiples, excluded damages, exclusions to cap
- IP Ownership & Licensing — work-for-hire, license grants, residuals
- Confidentiality — scope, duration, exceptions, return/destroy
- Non-Compete / Non-Solicit — duration, geographic scope, covered activities (if present)
4. Termination & Renewal
- For cause — triggering events, cure period, notice
- For convenience — availability, notice period, payment on exit
- Effects — wind-down, surviving obligations, return of materials
- Auto-renewal — terms and opt-out deadlines
5. Dispute Resolution
- Governing law and jurisdiction
- Arbitration / mediation (rules, seat, language)
- Jury trial waiver
- Fee-shifting provisions
6. Risk Flags
- Unusual or one-sided terms
- Missing standard provisions for this contract type
- Inconsistencies between main agreement and exhibits
- Ambiguous language requiring clarification
Checks
- Quote precisely — monetary amounts, dates, notice periods, defined terms as written
- Cite sections — every extracted term references contract section or page
- Objective tone — summarize as written; flag concerns without inserting legal opinion
- Multi-document sets — capture terms from all related documents; note which governs on conflicts
- U.S. jurisdiction — optimized for U.S. agreements; flag if non-U.S. law governs