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Hi guys.

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Welcome to this session.

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So in this session we wanted to see how we can make use of ChatGPT for also coming up with writing a

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contract for any kind of business.

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So you can also do that.

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We can give a specific prompt over here.

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So let's have a look at it.

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Let's say I want to give a specific prompt where I wanted to write a two paragraph contract agreement.

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Licensing a music composition to a buyer.

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The buyer does not get the intellectual property of the music composition, only the right to use it

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in a project.

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They can use it in a movie, let's say zero day and nothing else.

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So this is the agreement which I want to make a contract agreement.

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So music licensing agreement, you can see it's creating it.

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Now this is something which ideally it is not recommended to go ahead and straight away start using

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it for your business.

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What is recommended is you can give it to the authority, the legal officials who can have a look at

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it, proofread it and make changes to it.

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And then possibly you can certainly use it Now, the other things which you can do with the agreement

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is you can make changes to it as well.

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So let's say I want to add certain things to the agreement.

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I can do that as well by giving it another prompt.

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Let's say I'm asking it to add in the agreement the idea of, uh, anybody from the both the parties

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can modify the agreement by written consent.

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So now you want to like to add this part to the agreement as well.

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So the tool will rewrite the whole agreement for us by adding this particular bit to it.

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Here it is by signing below.

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Both parties acknowledge their understanding and acceptance of the terms outlined herein okay.

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Agreement.

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This agreement may be modified only by written consent signed by both parties.

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So this is how you can get a good head start into building out contracts as well for your business,

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which you can then quickly give it to your professionals who can have a look at it and modify it, make

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changes to it, and then possibly use it for the business in the future.