Draft a first-pass commercial contract from the term sheet
Key facts
- Human involvement
- YellowClose supervision
- How AI is used
- Produce a first-draft supply, services, licence or distribution agreement from the agreed term sheet and the firm's precedent, with a list of missing standard clauses.
- What the lawyer must review
- Read every clause against the deal, the client's risk position and the governing law
- Check that governing law, liability, IP and termination work before sending
- 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 | Potential support includes 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.