Privacy Policy - AI Contract Review

Clear explanations of 500+ contract clauses, written in plain English for businesses and individuals.

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Vendor

Quality Audit Right

📖 3 min read

This clause gives one party (usually the buyer) the right to inspect or test the other party's work, products, or services to check they meet agreed standards. Quality audits are low-risk because they're just about checking things—they don't penalize

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Real estate

Sinking Fund

📖 3 min read

A sinking fund is money you set aside regularly (usually monthly or quarterly) to pay for a large future expense—like building repairs or equipment replacement. Instead of paying one huge bill later, you pay smaller amounts now into a dedicated accou

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Real estate

Service Charge Cap

📖 3 min read

A service charge is money you pay (usually monthly or quarterly) to cover shared building costs like cleaning, maintenance, security, and repairs to common areas. A "cap" is a legal limit on how much this charge can increase each year—for example, a

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Real estate

Green Lease Provisions

📖 3 min read

This clause commits both the landlord and tenant to environmental responsibilities, such as recycling, reducing water use, using energy-efficient appliances, or maintaining green spaces. These clauses are increasingly common in modern leases because

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Real estate

Energy Performance Rating

📖 3 min read

This clause requires the building to have an Energy Performance Certificate (EPC), which is an official rating (A-G, with A being most efficient) showing how much energy the building uses for heating, cooling, and lighting. In the UK and EU, this cer

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Real estate

Asbestos Register

📖 3 min read

This clause requires the building owner to maintain a record of where asbestos materials are located in the building (if any exist). Asbestos is a dangerous mineral that was widely used in insulation and building materials until the 1980s-90s; when d

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Real estate

Fire Risk Assessment

📖 3 min read

This clause requires someone (usually the landlord or building owner) to conduct an official inspection to identify fire hazards in the building and create a written report. In the UK, the Fire Safety Order 2005 legally requires this for most buildin

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Real estate

Statutory Compliance

📖 3 min read

This clause says you (the tenant or buyer) must follow all laws and regulations that apply to your use of the property, including health and safety rules, environmental laws, and building codes. The landlord is saying: "I'm not responsible if you bre

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Real estate

Planning Use Restriction

📖 3 min read

This clause limits what you can use the property for based on local planning laws. For example, if the property is zoned for retail only, you cannot operate a factory there, even if you own or lease it. Planning restrictions come from local governmen

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Real estate

Underlease Consent

📖 3 min read

This clause requires you to get written permission from your landlord before you can sublet (lease part or all of your space to someone else). The landlord can usually refuse consent if they have "reasonable grounds"—for example, if the subtenant's b

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