---
title: "Build a transaction steps paper from the deal documents"
url: "https://ailawframework.com/practice/taxation/build-a-transaction-steps-paper-from-the-deal-documents"
type: "task"
site: "AI Law Framework"
id: "A26-A20260923-1"
practice_area: "Taxation"
tier: "yellow"
lawyer_review: "required"
last_reviewed: "2026-10-22"
---

# Build a transaction steps paper from the deal documents

> 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.

Canonical page: https://ailawframework.com/practice/taxation/build-a-transaction-steps-paper-from-the-deal-documents  
Last reviewed: 2026-10-22

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

## Key facts

| Fact | Value |
| --- | --- |
| Practice area | [Taxation](https://ailawframework.com/practice/taxation.md) |
| Human involvement | Yellow: Lawyer and AI draft together |
| 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 / versions | 1 jurisdiction versions below |

## Checking plan

Check every step against the documents that will actually be signed. A missing step changes the tax result.

- What the AI does: 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 does: Set the scope, verify the evidence, resolve exceptions and approve the final output for its intended use.
- Basis: Suggested checking approach based on the task guidance. Complete the assessment for the actual tool, information and jurisdiction.

## Checks the lawyer makes

1. Confirm the output against the client’s instructions and the complete relevant source material, including omissions or contradictions.
2. Verify every relied-on citation, figure and name against the source document.
3. The responsible lawyer approves the exact version before use.

## Sources

- [Tax Executive: Overreliance on AI for Tax Advice: A Cautionary Perspective](https://www.taxexecutive.org/overreliance-on-ai-for-tax-advice-a-cautionary-perspective/) (checked 2026-09-23)

## Jurisdiction versions

| Jurisdiction | Level |
| --- | --- |
| [United States](https://ailawframework.com/practice/taxation/build-a-transaction-steps-paper-from-the-deal-documents/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.*