---
title: "Draft a shareholders' agreement or joint-venture term sheet"
url: "https://ailawframework.com/practice/commercial-and-corporate-advisory/draft-a-shareholders-agreement-or-joint-venture-term-sheet"
type: "task"
site: "AI Law Framework"
id: "A1-T1-R10"
practice_area: "Commercial & Corporate Advisory (contracts, company law, governance)"
tier: "yellow"
lawyer_review: "required"
last_reviewed: "2026-10-22"
---

# Draft a shareholders' agreement or joint-venture term sheet

> Produce a first-draft SHA or JV term sheet covering pre-emption, drag/tag, deadlock, information rights and exit, mapped to the share structure in the instructions.

Canonical page: https://ailawframework.com/practice/commercial-and-corporate-advisory/draft-a-shareholders-agreement-or-joint-venture-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 | Produce a first-draft SHA or JV term sheet covering pre-emption, drag/tag, deadlock, information rights and exit, mapped to the share structure in the instructions. |
| What the lawyer must review | Confirm the mechanisms match the capital structure and work in practice Calibrate restraints, deadlock and dispute clauses to the governing law Do not leave generic foreign positions in the draft |
| Written for / versions | 1 jurisdiction versions below |

## Checking plan

**Lawyer review required**

The responsible lawyer reviews the work against the instructions, sources and intended use.

- What the AI does: Potential support includes preparing preliminary structure or wording. Confirm the tool’s capability and permitted scope.
- What the lawyer does: Set the scope, verify the evidence, resolve exceptions and approve the final output for its intended use.
- Who reviews: Responsible lawyer with competence in the matter
- Basis: Suggested checking approach based on the task guidance. Complete the assessment for the actual tool, information and jurisdiction.
- Why: The plan reflects the described work and review requirements. Policy colours are not used to determine permission or checking.

## Checks the lawyer makes

1. Review operative clauses in the complete document, including definitions, cross-references, schedules and inconsistencies with the instructions.
2. Verify the applicable jurisdiction and the version of each relevant law, rule or instrument in force at the material time.
3. Confirm the output against the client’s instructions and the complete relevant source material, including omissions or contradictions.
4. Resolve exceptions and record the responsible lawyer’s approval of the exact output and intended use.

## Notes

- Confirm the required checking with the responsible lawyer before work starts. The checking approach does not establish permission to use AI.

## 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-shareholders-agreement-or-joint-venture-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.*