Every condition identified. Every risk flagged. No costly surprises.
The challenge
Exercising a break clause requires strict compliance with every condition across the full lease document set, including supplemental deeds and side letters. Identifying all requirements manually is time-consuming and leaves room for critical conditions to be missed.
The solution
Ask iManage identifies break clause provisions and pre-conditions across your lease documents, flags compliance requirements around vacant possession, arrears and notice periods, and surfaces side letters and correspondence that may affect how the break operates.
Open your Matter and select the documents which govern the break clause. Open Ask iManage and start a new review project, naming it clearly.
Ask iManage works within your existing Matter structure, surfacing documents you may not have thought to include that directly affect how the break clause operates.
Run an initial prompt to identify break provisions and associated preconditions.
Broader initial prompts allow Ask iManage to give you a complete picture before drilling into individual risk areas.
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Identify all break clause conditions and summarize what must be done to validly exercise the break.
Use a follow-up prompts on the flagged conditions to understand exactly why each poses a risk, and what the Client needs to do to avoid non-compliance.
Follow-up prompts allow Ask iManage to drill-down into specifics, removing ambiguity.
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Flag any break clause pre-conditions that carry a risk of non-compliance and explain why each poses a risk.
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Does the lease contain any provisions that could prevent vacant possession being achieved, including sub-letting rights, licenses to occupy, or car parking rights granted to third parties?
Export and act.
Ask iManage export allows for direct use in a Client advice note, Matter risk register, or as a basis of a Counsel's opinion request.
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