Extract tax representations, indemnities and locked-box figures from an SPA
Key facts
- Human involvement
- GreenLawyer review
- How AI is used
- Pull tax warranties, indemnities, conduct-of-claims and locked-box or completion-accounts tax lines into a table with clause references.
- What the lawyer must review
- Read each clause with the definitions
- Check if 'tax' covers goods-and-services, value-added, sales or payroll tax; it changes risk
- 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 | Pull tax warranties, indemnities, conduct-of-claims and locked-box or completion-accounts tax lines into a table with clause references. |
| Lawyer | Set the scope, verify the evidence, resolve exceptions and approve the final output for its intended use. |
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.
Forms and precedents for this task
| Form or precedent | Kind | AI use | Summary |
|---|---|---|---|
| Tax due diligence request list and issues register (share or business acquisition of an Australian private company) | Checklist | AI use Yellow | Buy-side tax due diligence request list and issues register for an Australian private company: income tax, Division 7A, GST, PAYG and super (with incoming director penalty exposure), state taxes and ATO disputes, feeding the SPA tax terms. |
Signed-in accounts can read the full text of each one. All precedents.
Sources
Confirm the required checking with the responsible lawyer before work starts. The checking approach does not establish permission to use AI.