A Guarantee & Security Agreement provides collateral and personal guarantees securing performance or payment obligations. This playbook details drafting considerations for enforcement rights, perfection, and priority of security interests.
Why This Matters: Vague or excessive conditions can delay funding and increase costs. Clear CPs reduce uncertainty and negotiation friction on closing.
Negotiation strategy
If you're the Lender:
Ensure conditions are specific and achievable within a realistic timeline. Include waiver provisions for minor issues to maintain flexibility.
If you're the Borrower:
Negotiate for conditions that protect your interests without causing unnecessary delays. Be open to waivers for non-critical conditions.
Essential elements
1
Specific Conditions
Clearly defined prerequisites.
2
Waiver Provisions
Allow flexibility for minor issues.
3
Timeline for Satisfaction
Realistic deadlines for conditions.
Action framework
ACCEPT
Propose edits when conditions are too vague or unrealistic.
EDIT
Reject if conditions introduce excessive risk or delay.
ADD
Add conditions if none exist to ensure prerequisites are met.
PRO TIP
Always include waiver provisions to handle minor issues without delaying the transaction.
Example clauses
FAVORABLE
Well-Defined Conditions
"The following conditions precedent must be satisfied prior to closing: [list specific conditions]. Waiver of minor conditions may be granted at the discretion of [Party]."
NEUTRAL
Standard Conditions
"Conditions precedent include [list conditions]. Parties may agree to waive minor conditions that do not materially affect the transaction."
UNFAVORABLE
Vague Conditions
"Conditions precedent are to be determined at a later date, with no specific timeline or waiver provisions."
Fallbacks
High-Risk Projects
In high-risk projects, ensure conditions are comprehensive to mitigate potential risks. Include detailed timelines and waiver provisions.
Cross-Border Transactions
For cross-border deals, consider jurisdiction-specific conditions to ensure compliance with local laws and regulations.
Fast-Track Closings
In fast-track closings, streamline conditions to essential items only, ensuring they are achievable within the expedited timeline.
FEATURED SOLUTIONS
Contract Email Agent
Self-service Al for instant contract review and markups.
Never leave your inbox. Effortless contract markups and summaries—delivered straight to your inbox. No signups, no apps, no plugins, no playbooks, no delays.
Import PDF. Redline on DocJuris. Export to Word. Save a day of work.
Import locked PDFs or Word docs and get work done with our world-class contract editing platform. Track your changes and comments and export seamlessly to MS Word without the headaches of clunky add-ins.
Markup clauses in seconds. See the reasoning, stay in control.
Negotiate with confidence using DocJuris’s AI-powered suggestions. Pick a suggested action to balance or lean specific terms in favor of a party. Or, quickly make a clause mutual or simpler with a single click without the back-and-forth.
Uncover opportunities and risks in your signed contracts.
Turn your contracts into structured insights. With Repository AI, DocJuris analyzes every imported agreement—so you always know what’s expiring, auto-renewing, or exposing risk. Total visibility, zero guesswork.
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.
Not another CLM
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.
See how DocJuris can automate your legal, procurement, and sales operations.
DocJuris is not a law firm or a substitute for an attorney or law firm. We cannot provide any kind of advice, explanation, opinion, or recommendation about possible legal rights, remedies, defenses, options,selection of forms or strategies.