AI-assisted review. Not a substitute for licensed legal counsel.
I just received a SaaS vendor agreement from Acme Corp. Can you review the key clauses and flag any risks?
10:15 AMI've analyzed the Acme Corp SaaS Agreement. I found 4 clauses that need your attention, sorted by risk level:
10:16 AMThe agreement contains no cap on your liability for data breaches. Industry standard is to cap liability at 12 months of fees paid. This exposes you to potentially unlimited financial risk.
Neither party's aggregate liability shall exceed the total fees paid in the 12-month period preceding the claim, except for willful misconduct or gross negligence.
The liability clause is concerning. Can you also give me a quick summary of the overall contract terms?
10:18 AMAbsolutely. Here are the key terms at a glance:
10:19 AMI recommend pushing back on the liability cap and auto-renewal terms before signing. The amendment language I provided above for Section 9.2 and Section 3.4 follows market-standard SaaS terms. Want me to draft a full redline document?
10:20 AM