Draft the security package: general security, mortgages and share pledges
Key facts
- Human involvement
- YellowClose supervision
- How AI is used
- Produce first-draft security documents from the term sheet and asset list, with a schedule of collateral and a list of description gaps.
- What the lawyer must review
- Match grantor names and asset descriptions to current searches
- Decide perfection and priority yourself; a draft is not a registered interest
- Written for / version
- Cth
Open a jurisdiction version of this task to see which instruments apply.
Who does what
| Role | What they do |
|---|---|
| Assistance | Potential support includes preparing preliminary structure or wording and assembling provisional schedules. 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
- Obtain and inspect the relevant current official register or search result. Confirm identities, interests and the date and scope of the search.
- Verify the applicable jurisdiction and the version of each relevant law, rule or instrument in force at the material time.
- 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.