Artificial Intelligence Tools

Writing Business Agreements with AI: The Future is Now!

Artificial Intelligence (AI) has come a long way since its inception, and it’s now being used in almost every aspect of our lives. From Siri on our iPhones to Alexa in our homes, AI is making our lives easier and more convenient. And now, it’s time to bring AI to the business world – starting with writing business agreements.

The Key Players in AI

Some of the major players in the AI industry include OpenAI, Google, Amazon, and IBM. These companies have developed advanced AI technology that is changing the game for businesses of all sizes. Some of the most popular AI tools and services include OpenAI’s GPT-3, Amazon’s Lex, and Google’s Dialogflow.

Write Your Business Agreement with ChatGPT

One of the latest and most exciting AI tools available today is OpenAI’s ChatGPT. With ChatGPT, you can write your business agreements in a matter of minutes – all you need is a prompt! Here’s an example of how it works:

Prompt: “Write a business agreement between ABC Company and XYZ Company for the sale of 100 widgets.”

And AI says –


“Agreement between ABC Company and XYZ Company

This agreement is made on [insert date] between ABC Company and XYZ Company, hereinafter referred to as the ‘Parties’.

The Parties hereby agree to enter into a business agreement for the sale of 100 widgets from ABC Company to XYZ Company.

Terms and Conditions:

  1. Payment: XYZ Company will pay ABC Company the total sum of [insert amount] for the 100 widgets within [insert time frame].
  2. Delivery: ABC Company will deliver the 100 widgets to XYZ Company’s designated location within [insert time frame].
  3. Warranty: ABC Company warrants that the 100 widgets will be free from defects in materials and workmanship for [insert time frame].
  4. Termination: Either Party may terminate this agreement upon [insert time frame] written notice.
  5. Governing Law: This agreement shall be governed by and construed in accordance with the laws of [insert jurisdiction].
  6. Entire Agreement: This agreement constitutes the entire understanding of the Parties and supersedes all prior negotiations, representations, and agreements between the Parties.

Signed by:

[insert signatures]

ABC Company

XYZ Company”