---
title: "Draft a first-pass shareholders agreement from a term sheet"
url: "https://ailawframework.com/practice/commercial-and-corporate-advisory/draft-a-first-pass-shareholders-agreement-from-a-term-sheet"
type: "task"
site: "AI Law Framework"
id: "A1-B8-1"
practice_area: "Commercial & Corporate Advisory (contracts, company law, governance)"
tier: "yellow"
lawyer_review: "required"
jurisdictions: ["AU"]
last_reviewed: "2026-10-22"
---

# Draft a first-pass shareholders agreement from a term sheet

> Generate clauses from the precedent and term sheet.

Canonical page: https://ailawframework.com/practice/commercial-and-corporate-advisory/draft-a-first-pass-shareholders-agreement-from-a-term-sheet  
Last reviewed: 2026-10-22

Site index for agents: https://ailawframework.com/llms.txt

## Key facts

| Fact | Value |
| --- | --- |
| Practice area | [Commercial & Corporate Advisory (contracts, company law, governance)](https://ailawframework.com/practice/commercial-and-corporate-advisory.md) |
| Human involvement | Yellow: Lawyer and AI draft together |
| How AI is used | Generate clauses from the precedent and term sheet. |
| What the lawyer must review | Lawyer settles every clause. |
| Written for / versions | 1 jurisdiction versions below |

## Checking plan

**Source-by-source verification**

Draft a first-pass shareholders agreement from a term sheet

- What the AI does: Generate clauses from the precedent and term sheet.
- What the lawyer does: Lawyer settles every clause.
- Basis: Area-specific AU source in links
- Written for: AU
- Source basis: Area-specific AU source in links

## Sources

- [Sprintlaw: AI lawyers in Australia](https://sprintlaw.com.au/articles/ai-lawyers-in-australia/) (checked 2026-10-10)
- [Uniform Law regulators AI statement](https://lsbc.vic.gov.au/news-updates/news/statement-use-artificial-intelligence-australian-legal-practice) (checked 2026-10-10)

## Forms and precedents for this task

| Form or precedent | Kind | AI level | Summary |
| --- | --- | --- | --- |
| [Shareholders’ agreement key terms checklist and term sheet (proprietary company)](https://ailawframework.com/precedents/commercial-and-corporate-advisory/shareholders-agreement-key-terms-checklist.md) | Checklist | Yellow | Checklist and term sheet for a shareholders’ agreement in an Australian proprietary company: parties and shareholdings, board and reserved matters, funding, transfers and pre-emption, drag and tag,… |

Signed-in accounts can read the full text of each one.

## Jurisdiction versions

| Jurisdiction | Level |
| --- | --- |
| [United States](https://ailawframework.com/practice/commercial-and-corporate-advisory/draft-a-first-pass-shareholders-agreement-from-a-term-sheet/united-states.md) | Yellow |

*Practice guidance for planning and review. Confirm current primary sources and the requirements of the actual matter. This is general information, not legal advice.*