Build a transaction steps paper from the deal documents
Key facts
- Human involvement
- YellowClose supervision
- How AI is used
- Turn the term sheet, agreements and board papers into a dated steps paper of who does what, with tax-sensitive steps flagged for the lawyer.
- What the lawyer must review
- Check every step against the documents that will actually be signed
- Look for missing steps; one can change the tax result
- 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 | Turn the term sheet, agreements and board papers into a dated steps paper of who does what, with tax-sensitive steps flagged for the lawyer. |
| Lawyer | Set the scope, supervise the work closely, verify every part relied on, resolve omissions and exceptions, and approve the exact output. |
Checklist
- Confirm the output against the client’s instructions and the complete relevant source material, including omissions or contradictions.
- Verify every relied-on citation, figure and name against the source document.
- The responsible lawyer approves the exact version before use.
Sources
Confirm the required checking with the responsible lawyer before work starts. The checking approach does not establish permission to use AI.