# Summarize a contract and its obligations in plain English

What you've agreed to: obligations, dates, money, and risks — for non-lawyers.

- Topic: Legal & Compliance
- Framework: RCTFVV
- Level: Advanced
- Tags: Legal, Summarize, Fill-in Template
- Source: https://www.thinkwithprompt.com/prompts/summarize-a-contract-and-its-obligations-in-plain-english

## Prompt

```text
Role: Act as a contracts manager summarising an executed contract for the operational team.

Context: Contract (paste or clause-by-clause summary): [CONTRACT]. Who needs the summary and why: [AUDIENCE_PURPOSE]. Systems where obligations/dates will be tracked: [TRACKING_SYSTEM]. Known hot spots: [HOT_SPOTS].

Task: Produce: a key-terms table (parties, effective date, term and renewal, value and payment terms, governing law); an obligations register (obligation, responsible party, trigger, deadline, consequence of breach); the notice periods and how notice must be given; the termination rights on each side; and a short risk-flags list for the business.

Format: Sections: Key terms (table) | Obligations register (table) | Notices | Termination rights | Risk flags.

Verification: Cite the clause number for every extracted item; mark anything ambiguous as 'confirm with legal' rather than interpreting.

Validation: Check the obligations register against the contract end to end: is anything with a deadline or a financial consequence missing? Add it.
```

## What to fill in

- CONTRACT
- AUDIENCE_PURPOSE
- TRACKING_SYSTEM
- HOT_SPOTS

Free to copy and use. From ThinkWithPrompt (https://www.thinkwithprompt.com/), a library of 2,663 curated AI prompts.