Draft or review a royalty, streaming or offtake agreement
Key facts
- Human involvement
- YellowClose supervision
- How AI is used
- Extract payment mechanics, delivery, quality, audit and change-of-control into an issues table, or draft first-pass clauses from the term sheet.
- What the lawyer must review
- Check payment waterfalls and audit rights match the commercial deal
- Check security over the royalty if instructed
- 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 extracting and organising information and 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
- Trace every relied-on figure to its source, confirm dates and assumptions, and independently recalculate totals or derived amounts.
- 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.