Defining Counterparty Positions

Article author
Gaby Estrada
  • Updated

Introduction

Users can create a collection of scenarios which can document a counterparty's position in a playbook. The DocJuris Playbook model allows for analysis to scale with experience. The same way Issue Tags are created based on specific search terms within DocJuris, Counterparty language can also be added to allow for DocJuris's editing and analysis.

Position tags can be further categorized as:

  • Preferred;
  • Acceptable;
  • Reject;
  • Fallback.

Steps to Define Counterparty Position

  1. Go to Issues Tab.
  2. Click the Issue that needs review.
  3. Click "Add Counterparty Position".
  4. Describe the object or problem in the Drafter's Note.
  5. Click on the Directive of:
    • Accepatable;
    • Reject;
    • Preferred;
    • Fallback.
  6. Define the relationship to the counterparty; (i.e., if the issue has come up repeatedly or is associated with a certain counterparty.)
  7. Define the position tag.
  8. Click Save.

DocJuris Algorithm

At the issue level under the General Tab, DocJuris allows for both the preferred position and counterparty's position to be tagged. From this point positions for all parties can be defined as preferred, etc. From creation, the powerful internal analysis of DocJuris begins to apply the tags to filter and review relevant language. As users create positions tags it is important not to duplicate language. Because of the way DocJuris runs in the background ensuring that users can access all applicable and relevant language, each tag needs to be individual.

Video Overview

 

 

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