To ensure successful negotiations, it is important to establish clear guidelines for all parties involved in the contract negotiation process. Creating a playbook for legal agreements and understanding company and industry priorities and boundaries streamline the negotiation process. Before we dive into how to use ChatGPT to build your legal playbook there are two important things to note:
- Cross-Verification: Always cross-verify the information provided by ChatGPT with current legal standards and practices. Laws and regulations frequently change, and ChatGPT's knowledge may be outdated.
- Professional Review: Use ChatGPT to assist with draft preparations and to gain initial insights. However, always have a qualified legal professional review any documents or strategies for legal compliance and validity.
Let’s start by using the Legal+ GPT within ChatGPT and asking for an overview of legal frameworks, laws, and regulations that would impact a legal agreement in my industry.
💡 Tip: A GPT in ChatGPT's GPT Store is a custom version of ChatGPT that combine instructions, extra knowledge, and any combination of skills. Think of it like an App.