Workflow: Customize a Practical Law agreement

Category: Draft

Features and benefits

Simply tell CoCounsel what type of agreement you need and provide additional details.
CoCounsel will identify the most relevant exemplar in Practical Law and tailor it to your needs.

Practice tips

Select the workflow in the CoCounsel Library, or tell CoCounsel chat: "I need to customize an agreement."
Use the dropdown to select a
Practical Law Standard Document
. Options include:
Separation and Release of Claims Agreement (Long-Form)
Confidentiality Agreement: General (Mutual)
Independent Contractor/Consultant Agreement (Pro-Client)
Amendment Agreement
Termination Agreement
Optional: Add any potentially helpful details to the instructions field. Using plain language will yield the best results.
Examples:
"Update this agreement to include a Defend Trade Secrets Act clause."
"Include a broad proprietary rights provision granting the Company all rights and ownership to the deliverables."
"Delete any provisions that deal with sole liabilities for breaches of warranties."
Upload your own term or fact sheet.
A term sheet, also known as a letter of intent or memorandum of understanding, is a document that sets out certain terms of a transaction agreed in principle between parties and is typically negotiated and signed at the beginning of a transaction. Term sheets are generally not legally binding but do contain certain legally binding provisions (for example, confidentiality or exclusivity).
Select
Submit
.
CoCounsel will retrieve the relevant agreement template from Practical Law, incorporate the terms from your term or fact sheet, and generate a redlined version of the Practical Law Standard Document, showing where changes have been made based on your custom information.
Select
Show all changes
or select a linked footnote to open a panel showing a summary of all changes with linked citations to the underlying Practical Law document.
Download your customized agreement as a Word document with or without the summary of changes marked up in redline with changes identified in comments.

Limitations to keep in mind

It can take CoCounsel a few minutes to generate outputs.
The workflow requires a Practical Law subscription in addition to a CoCounsel subscription but is available to subscribed users in the CoCounsel user interface.