Skill: Update contract terms
Category: Draft
Quickly update a precedent or template agreement with a term sheet.
Features and benefits
- This skill lets you update deal terms in a contract or contract template.
Practice tips
- Select the skill from the CoCounsel Library, or instruct CoCounsel in the chat: "I would like to runUpdate Contract Terms."
- Upload your term sheet and your template or contract, using theSelect filebutton.
- CoCounsel will output a 1st draft of the contract with new terms applied and redlined.
Limitations to keep in mind
- This skill works best with short-form agreements under 50 pages.
- Term sheet uploads are limited to PDF, DOC, or DOCX files.
- Template/contract uploads are limited to DOCX files.
- Individual file size is generally capped at:
- 20MB per file for TXT, HTM, HTML, or RTF files
- 500MB for PDF, DOC, DOCX, EML, MSG, WPD, and ZIP files