Quote the default clause on the deposit and any resale
Key facts
- Human involvement
- YellowClose supervision
- How AI is used
- Quote the clause that states what happens to the deposit, and any resale words, after a purchaser default. Do not forfeit the deposit and do not calculate a loss on resale.
- What the lawyer must review
- You decide the consequence. No statute forfeiting a deposit or measuring resale loss was opened. The words are the contract's. Rule 11(b)(3) applies if you later allege the sum in a pleading. Model Rule 1.4(b) requires an explanation before the client treats the deposit as forfeited. Formal Opinion 512 bars an unverified loss figure. A resale price that is not in the file is not invented.
- Written for / version
- United States versionUS
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
- 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.
- 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.