List the conditions precedent in the signed facility
Key facts
- Human involvement
- YellowClose supervision
- How AI is used
- Extract each condition from the signed facility into a checklist of what the clause says must be delivered or be true. Do not add a status for the closing set.
- What the lawyer must review
- The checklist is the clause, not a market form. Opinion 512 requires you to compare a sample of rows with the signed facility before you use the list. A condition is satisfied only when you have read the document that is said to answer it. Keep the facility out of a public tool (Model Rule 1.6).
- Written for / version
- United States versionUS
Who does what
| Role | What they do |
|---|---|
| Assistance | Potential support includes extracting and organising information and preparing preliminary structure or wording. Confirm the tool’s capability and permitted scope. |
| Lawyer | Set the scope, supervise the work closely, verify every part relied on, resolve omissions and exceptions, and approve the exact output. |
Checklist
- Review operative clauses in the complete document, including definitions, cross-references, schedules and inconsistencies with the instructions.
- Confirm the output against the client’s instructions and the complete relevant source material, including omissions or contradictions.
- Resolve exceptions and record the responsible lawyer’s approval of the exact output and intended use.
Forms and precedents for this task
| Form or precedent | Kind | AI use | Summary |
|---|---|---|---|
| US commercial loan closing checklist | Checklist | AI use Yellow | Closing checklist for a US commercial loan. |
Signed-in accounts can read the full text of each one. All precedents.