3
PLAYBOOK TEMPLATES
Credit Facility & Revolving Line Agreement
A Credit Facility & Revolving Line Agreement defines the terms for ongoing credit access between borrower and lender. This playbook reviews financial covenants, interest structures, and default remedies.
Conditions Precedent
Negotiation strategy
The Buyer should focus on ensuring that all conditions precedent are essential and directly related to the transaction's success. Negotiate for clear timelines and waiver options to maintain flexibility.
The Seller should aim to limit conditions precedent to those that are necessary and achievable within a reasonable timeframe. Advocate for specific language to avoid broad interpretations that could delay closing.
Essential elements
1
Regulatory Approvals
Specify required regulatory approvals.
2
Material Adverse Change
Define criteria for adverse change.
3
Waiver Mechanisms
Outline process for waiving conditions.
Action framework
ACCEPT
Propose edits when conditions are non-essential or timelines are unclear.
EDIT
Reject clauses that impose unrealistic or unnecessary conditions.
ADD
Add language for essential conditions and waiver options.
PRO TIP
Always ensure conditions precedent are limited to critical items to avoid unnecessary delays.
Example clauses
FAVORABLE
Preferred Conditions Precedent
"The conditions precedent to closing shall be limited to essential items, with a definitive timeline for fulfillment and a clear waiver mechanism."
NEUTRAL
Standard Conditions Precedent
"Conditions precedent include regulatory approvals, executed documents, and no material adverse change, with a 30-day fulfillment timeline and waiver option."
UNFAVORABLE
Excessive Conditions Precedent
"The conditions precedent include numerous vague requirements without clear timelines, leading to potential delays."
Fallbacks
High-Risk Projects
In high-risk projects, conditions precedent should be more stringent to protect against unforeseen issues. Ensure comprehensive documentation and evidence are required.
Cross-Border Transactions
For cross-border deals, additional regulatory approvals may be necessary. Clearly outline these requirements and adjust timelines accordingly.
Start-Up Acquisitions
In start-up acquisitions, focus on conditions that ensure the target's financial stability and operational continuity post-closing.
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Contract Playbook Templates
Launch in days, not months
Unlike complex CLMs with long implementations and steep learning curves, DocJuris is built for speed and simplicity. We integrate with your workflow—whether connecting to a CLM or uploading agreements manually—so you're up and running in days, not months.
WEEK 1
CLM Readiness and Design
Our CX team works with you to understand your contracting challenges, prioritize key workflows, and identify the biggest impact areas. We build a tailored implementation plan that fits your needs.
WEEK 2
Install Module
We connect DocJuris to your contract repositories, set up admin and user accounts, and ensure your environment is ready for success.
WEEK 3
Deliver & Test
Your team builds initial playbooks, reviews existing clause libraries, and trains the DocJuris agent to align with your internal standards and negotiation positions.
WEEK 4
Launch
We support you in rolling out DocJuris to a pilot group or your full organization—with launch materials, training, and hands-on support to drive adoption from day one.
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Tackle everything your team needs using existing IT without expensive consultants, outrageous user licensing fees, or complex coding. DocJuris takes on the heavy lift and delivers your requirements with its people, process, and technology.
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