6
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.
Governing Law & Jurisdiction
Negotiation strategy
Advocate for a jurisdiction with established legal precedents, such as New York, to ensure predictability and enforceability. Consider arbitration as a primary dispute resolution mechanism to minimize costs.
Negotiate for a neutral jurisdiction that balances both parties' interests. Ensure that the dispute resolution process is efficient and cost-effective, possibly through specialized courts.
Essential elements
1
Governing Law Clause
Specifies applicable legal jurisdiction.
2
Dispute Resolution
Mechanism for resolving disagreements.
3
Arbitration Language
Details arbitration process specifics.
Action framework
ACCEPT
Propose edits if the jurisdiction is not neutral or lacks established precedents.
EDIT
Reject clauses that specify jurisdictions with unfavorable legal precedents.
ADD
Add arbitration clauses if not present to ensure efficient dispute resolution.
PRO TIP
Always verify that the chosen jurisdiction has a robust legal framework and established precedents to avoid future complications.
Real-world examples
FAVORABLE
Preferred New York Governing Law
"This Agreement shall be governed by and construed in accordance with the laws of New York, without regard to its conflict of laws principles."
NEUTRAL
Neutral Common Law Jurisdiction
"The parties agree to select [Selected Jurisdiction], a neutral common law jurisdiction with established legal precedents, as the governing law and jurisdiction for this Agreement."
UNFAVORABLE
Unfavorable Texas Law
"This Agreement shall be governed by the laws of Texas, which may present enforceability challenges."
Alternative scenarios & positions
Cross-Border Transactions
In cross-border deals, select a jurisdiction recognized internationally to ensure enforceability across borders.
High-Value Contracts
For high-value agreements, prioritize jurisdictions with efficient legal systems to handle complex disputes.
Technology Agreements
In tech contracts, consider jurisdictions with strong IP protection laws to safeguard innovations.
Access all other DocJuris Playbooks
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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
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