Compare the lender draft against the borrower's playbook
Key facts
- Human involvement
- YellowClose supervision
- How AI is used
- Redline the lender paper against the borrower's fallback positions and produce an issues list on security, covenants, MAC, prepayment and transfer clauses.
- What the lawyer must review
- Decide which points are worth a mark-up
- Weigh playbook defaults against leverage and the relationship
- Written for / version
- US
Open a jurisdiction version of this task to see which instruments apply: US
Who does what
| Role | What they do |
|---|---|
| Assistance | Redline the lender paper against the borrower's fallback positions and produce an issues list on security, covenants, MAC, prepayment and transfer clauses. |
| Lawyer | Set the scope, supervise the work closely, verify every part relied on, resolve omissions and exceptions, and approve the exact output. |
Checklist
- Confirm the output against the client’s instructions and the complete relevant source material, including omissions or contradictions.
- Verify every relied-on citation, figure and name against the source document.
- The responsible lawyer approves the exact version before use.
Sources
Confirm the required checking with the responsible lawyer before work starts. The checking approach does not establish permission to use AI.