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Can you make your own contract template?
Yes you can write your own contracts. A written contract is only a written record of something that has already been agreed in speech. So to start with write down in simple terms what has been agreed already, that is a good starting point.
Is a contract type that provides an incentive for performing on the project above the established baseline in the contract?
Fixed price with incentive fee is a contract type that provides an incentive for performing on the project above the established baseline in the contract.
How to use AI to generate contracts?
AI contract generators use large language models (LLMs) to predict what a contract should look like and include. In other words, their algorithms are trained using a large number of contracts. This exposure and training enable the AI to recognize common patterns, language, and even variables within contracts.