Contract Clause Library Reference
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Create a contract clause reference library for [contract type] agreements.

Contract details:
- Type: [service/employment/vendor/partnership/licensing]
- Governing law: [state]
- Parties: [describe relationship]
- Value: [dollar amount or range]

CONTRACT CLAUSE REFERENCE

1. RECITALS
   Purpose: [establish context and background]
   Key elements: [parties, purpose, consideration]
   Template: [provide framework]

2. DEFINITIONS
   Purpose: [define key terms used throughout]
   Common defined terms: [list for this contract type]
   Drafting tip: [capitalize defined terms]

3. TERM AND TERMINATION
   - Initial term: [duration]
   - Renewal: [automatic/manual]
   - Termination for cause: [notice period]
   - Termination for convenience: [notice period]
   - Effect of termination: [obligations]

4. PAYMENT TERMS
   - Amount: []
   - Schedule: []
   - Late payment: [interest rate]
   - Disputed invoices: [process]

5. CONFIDENTIALITY
   - What is confidential: [definition]
   - Obligations: [non-disclosure/non-use]
   - Exceptions: [public domain/independently developed]
   - Duration: [during and after term]

6. INTELLECTUAL PROPERTY
   - Ownership of work product: [who owns]
   - License grant: [if applicable]
   - Background IP: [retained by each party]
   - Assignment restrictions: []

7. INDEMNIFICATION
   - Mutual vs one-way: []
   - Scope: [what is covered]
   - Process: [notice and defense]
   - Limitations: [cap]

8. LIMITATION OF LIABILITY
   - Cap: [amount or multiple of fees]
   - Excluded damages: [consequential/punitive]
   - Exceptions: [gross negligence/fraud]

9. DISPUTE RESOLUTION
   - Negotiation first: [period]
   - Mediation: [before arbitration]
   - Arbitration vs litigation: []
   - Venue: [location]

10. GOVERNING LAW
    - State law: [specify]
    - Federal law: [if applicable]
    - Choice of forum: [specify]

Note: Have qualified counsel review all contracts before execution

Source: https://promptzyo.com/prompt/contract-clause-library-reference