The Smartest Way to De-Risk Contracts Using AI
The AI RISK Framework That’s Saving Pros Thousands in Legal Fees
If you’re still reviewing contracts and scopes of work the old way…
Line by line, late at night, cross-eyed and caffeine-fueled…
Let’s change that.
The fastest way to de-risk project documents?
Use the RISK Framework: Your AI-powered shortcut to de-risking contracts, scopes of work, and project docs in minutes.
Here’s my ultimate shortcut to legal peace of mind
You don’t need a legal degree to spot landmines in contracts anymore. With tools like ChatGPT Pro or Claude, you can upload documents and ask powerful questions that surface what others miss.
Before it costs you.
Upload docs like:
Partner agreements
SOWs (Scopes of Work)
Client deliverables
Meeting notes from project kickoffs
Then ask:
“What risks or red flags should I be aware of?”
“What’s missing from this scope of work?”
That’s it. These two questions unlock clarity, protect your time, and help you sound like the smartest person in the room.
What exactly is the RISK Framework?
It’s a 4-step system you can use with ChatGPT Pro or Claude to protect your business, your time, and your credibility. No legal degree required.
RISK = Review. Identify. Simplify. Kickoff.
1. Review
Upload your doc. Let AI do the heavy lifting.
Whether it’s a:
Partner agreement
Draft SOW
Client deliverable
Meeting summary
Just drag and drop it into ChatGPT Pro or Claude.
2. Identify
Ask AI to surface hidden risks and red flags.
Use prompts like:
“What risks or red flags should I be aware of in this document?”
“What’s missing from this scope of work to make it complete?”
“Which terms are vague or open to interpretation?”
AI will scan for:
Vague deliverables
Loose timelines
Scope creep traps
IP ownership gaps
Payment term risks
And more.
3. Simplify
Adjust the language. Add what’s missing.
With AI’s feedback, you can:
Clarify ambiguous terms
Add critical clauses
Rewrite weak language
Strengthen your position — without sounding aggressive
Pro tip: Ask AI to rewrite sections in a “firm but collaborative” tone if needed.
4. Kick Off
Finalize and move forward with confidence.
You’re now:
Aligned internally
Covered contractually
Positioned as the most prepared person in the room
The “Poor Man’s” Way to Train AI on Your Contract Risk Rules
Want your results to be even smarter?
You don’t need a $10K/month legal AI platform to make this work.
This is the fast, DIY way to get accurate, custom reviews using off-the-shelf tools like ChatGPT Pro or Claude.
Just feed your internal contract rules directly into the prompt below, and the AI will review your doc using your standards (not some generic best practices).
Here’s how to do it:
Step 1: Copy + Paste Your Internal Risk Guidelines
Right before uploading the doc, tell the AI:
“At our company, here’s what we care about in contracts:
Anything over $50K needs executive sign-off
Payment terms longer than Net 45 are a no-go
No auto-renewals beyond 12 months
All scopes must define deliverables, timeline, and owner
We retain IP unless otherwise negotiated
Evaluate the following document based on this context.”
Step 2: Upload the contract or SOW
Paste it into the same chat window or upload the PDF.
Step 3: Ask your questions
Then ask:
“What risks or red flags should I be aware of?”
“What’s missing from this scope of work?”
You’ve now turned ChatGPT into your very own contract compliance reviewer — without a legal team or specialized AI model.
Pro tip: Save your prompt as a Custom GPT or Claude memory so it’s always ready to go.
This approach isn’t just faster. It’s smarter, because it’s based on your business rules.
You’re not at the mercy of vague boilerplate.
You’re in control.
That’s the power of prompt engineering, no code, and knowing what to ask.
Use Case: From draft to airtight in 15 minutes
Let’s say a vendor sends you a draft SOW the night before your leadership review call.
Instead of panicking or emailing your legal team after hours:
Upload it to ChatGPT Pro
Feed it your risk thresholds
Ask the two key questions
Make edits and walk into your meeting ready to lead
Time saved: 2+ hours
Confidence gained: 100%
Job Preservation Tip: And yes… still send it to Legal when they’re back online.
But now you look like the proactive genius who flagged all the issues first.
You don’t need a fancy tool or legal LLM — just smart prompts.
You don’t need an IT team. You don’t need fancy software.
For example, paste these directly into ChatGPT Pro or Claude with your contract or SOW:
Prompt 1: Risk & Red Flags Check
“Act as a contract reviewer. Based on the content of this document, identify any risks, red flags, vague language, or areas where our company could be exposed legally, financially, or operationally. Be specific, and list your findings by section or clause.”
Prompt 2: Scope of Work Completeness Check
“Evaluate this scope of work. What’s missing that would make this SOW more complete and protect our interests? Highlight any unclear deliverables, missing timelines, vague responsibilities, or lack of post-project support terms.”
Prompt 3: Missing Clause Detector
“Act as a contract compliance analyst. Review this document and tell me what standard clauses are missing that could expose us to risk — including confidentiality, termination, payment terms, indemnification, and IP ownership. Flag anything that’s incomplete or one-sided.”
Prompt 4: Business Alignment Audit
“Pretend you’re part of our business operations team. Does this contract or scope align with typical business goals — like clear deliverables, measurable milestones, defined responsibilities, and accountability? Highlight anything that could lead to misalignment, miscommunication, or over-delivery.”
Final Thoughts
Here’s a wild but true stat:
According to World Commerce & Contracting, poor contract management costs businesses an average of 9% of annual revenue.
Nine percent. Gone.
Not because your product failed. Not because your team didn’t deliver.
Because of vague clauses, risky terms, or sloppy scopes.
Now imagine this:
You upload a doc.
Ask 2 powerful questions.
Spot the risk before it hits your bottom line.
With the RISK Framework and a few optimized prompts, you’re not just saving time, you’re actively protecting revenue. And you’re doing it with tools you already have access to.
This is the kind of edge that turns everyday operators into irreplaceable leaders.
You don’t need a $100K legal AI platform.
You need 15 minutes, a smart prompt, and the courage to stop flying blind.
#AIforBusiness #RISKframework #SmartContracts #NoCodeTools
What’s your biggest contract red flag to watch for?
Drop it in the comments ⬇️
Let’s build smarter.
– Angela
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