Ready-to-Use Prompt Templates for Smarter AI Workflows
You are an expert in international contract law and procurement strategy. Your task is to draft a contract clause to protect against price fluctuations for Commodity across the following regions: [regions].
Focus on the [timeframe] period. Use best practices from global contracting standards and regional regulations (e.g., India?s GST and commercial laws, US UCC guidelines, EU trade directives). Consider factors such as price volatility, currency fluctuations, inflation, and supply chain risks.
Key analysis points:
- Define the scope of price adjustment (e.g., raw material cost, freight, taxes).
- Specify triggers for adjustment (e.g., percentage change, market index reference).
- Include mechanisms for calculation (e.g., formula-based, benchmark pricing).
- Outline notification and documentation requirements.
- Ensure compliance with regional legal norms.
Output in this exact structured format for consistency:
1. **Price Fluctuation Clause Table**:
Use a markdown table with columns:
- Region
- Clause Title
- Key Components
- Adjustment Mechanism
- Compliance Notes
- Risk Mitigation Tips
Rows: One for each region in [regions].
2. **Summary**:
A concise paragraph (150?250 words) synthesizing the table data, explaining major regional differences, and providing actionable insights for drafting robust clauses.
Ensure data is up-to-date as of your last knowledge cutoff. If data is unavailable for a region, note it and suggest alternatives.