Find the precedent. Know it's final.
The challenge
Drafting a purchase agreement moves faster when it starts from language the firm has already negotiated and closed. But finding the right examples means digging back through matters and correspondence from the past several years, and once a document turns up, confirming it's the version that actually closed takes just as much work as finding it in the first place.
The solution
The AI-Native Search experience finds the comparable deals in natural language, surfacing precedent language from matters closed within the relevant window. Revisions confirms which draft was the final, so you can pull language straight from a document the firm has actually agreed to before.
Key Capabilities Used:
AI-Native Search; Versions; Ask iManage; Playbooks.
Run a search using natural-language in AI-Native Search experience describing the deal type and terms they need, for example "Find me final asset purchase agreements for manufacturing acquisitions which we have finalized in the past 2 years.".
Describing what you need in plain language instead of guessing at file or Matter names, so finding the right document becomes as easy as asking a colleague.
Copy this prompt
Find me final asset purchase agreements for manufacturing acquisitions which we have finalized in the past 2 years.
AI-Native Search experience surfaces documents from Matters closed within the past two years.
AI-Native Search experience searches across matters, not just your own workspace, so relevant precedent surfaces even when it lives in files you have never opened.
The next-generation platform shows the latest version of the document automatically.
The next-generation platform always resolves to the latest version automatically, so you are never at risk of building the new agreement off an outdated draft. You can also pull up a previous version if you need.
Use Ask iManage to pull the verbatim precedent language so you can add it to the new purchase agreement. For example: "From these purchase agreements, extract the indemnification cap and basket provisions."
Ask iManage pulls the exact indemnification cap and basket language from the real precedent agreements, so you can build the new clause on verified language instead of redrafting from memory.
Copy this prompt
From these purchase agreements, extract the indemnification cap and basket provisions.
When your purchase agreement is drafted, run it against a Playbook designed for this type of document to align with the firm's standard negotiating position.
Ask iManage Playbooks assess and flag risk, detect missing clauses, and provide recommended revisions, all based on the organization's standard for the document type.
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