Extract tax representations and indemnities from a purchase agreement
Key facts
- Human involvement
- GreenLawyer review
- How AI is used
- Extract each tax representation, tax indemnity, and any locked-box or completion-accounts figure the agreement states, with the clause reference, and flag a blank or a cross-reference the tool cannot read.
- What the lawyer must review
- Formal Opinion 512: test the tool on a sample of agreements, by reading them against the extract, before relying on this kind of table, and read any field the tool flags. The extract is not a conclusion about the tax result. Model Rule 1.6: do not put the agreement into a public tool. Office of Professional Responsibility Issue 2026-19: verify facts, citations and calculations before anything is sent to the IRS. Nothing in this table is sent until you have checked it.
- Written for / version
- United States versionUS
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, verify the evidence, resolve exceptions and approve the final output for its intended use. |
Checklist
- Open each relied-on authority independently. Confirm its existence, current status, proposition and any quotation or pinpoint reference.
- 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.