PLC FastDraft documents are integrated into the PLC Property, PLC Corporate, PLC Commercial, PLC IPIT & Communications, PLC Employment, PLC Finance, PLC Private Client, PLC Pensions and PLC Public Sector services alongside their equivalent standard documents.
This is a list of the documents automated in FastDraft. For any comments email FastDraft.
PLC FastDraft allows you to create better documents, faster.
By automating documents we aim to halve the time you spend on first drafts. For more information see About PLC FastDraft (www.practicallaw.com/1-379-9363).
The following documents are automated in the Share Purchases project:
Share purchase agreement (www.practicallaw.com/6-200-4395) (long form and short form).
Resignation letter for directors and company secretary (www.practicallaw.com/A27991).
Auditor's notice of resignation (www.practicallaw.com/7-380-8227).
Board minutes of the target at completion (www.practicallaw.com/A15223) and for its subsidiaries.
Board minutes of the buyer (www.practicallaw.com/A43169) and Board minutes of the seller (www.practicallaw.com/A43964).
Power of attorney (www.practicallaw.com/2-107-3773) from sellers covering period before share transfer registration.
Bank instruction letter (www.practicallaw.com/A33867) concerning the operation of a retention account.
Escrow letter (www.practicallaw.com/A33868) setting out the terms on which solicitors agree to act as escrow agents in relation to the operation of a retention account.
Stamp duty adjudication letter for the acquisition of shares (www.practicallaw.com/A36270).
Standalone tax covenant: Corporate seller version (www.practicallaw.com/3-107-3659) and Individual seller version (www.practicallaw.com/4-102-5917)
The documents are drafted from the buyer’s perspective and are accompanied by drafting notes orientated towards the buyer, but which deal with seller’s points. There are links to relevant PLC Practice Notes.
The following documents are automated in the Asset Purchases project and are available now:
Asset purchase agreement (www.practicallaw.com/2-107-3546) (short form/long form).
Board minutes for the buyer (www.practicallaw.com/A44309) and Board minutes for the seller (www.practicallaw.com/A44310).
Notice of assignment of debt or benefit of contract (www.practicallaw.com/A33256).
Deed of assignment of goodwill (www.practicallaw.com/2-107-3551).
Escrow letter (www.practicallaw.com/7-107-4850) in relation to the operation of a retention account.
Bank instruction letter (www.practicallaw.com/5-102-5907) concerning the operation of a retention account.
Deed of accession (www.practicallaw.com/A2004) whereby the buyer agrees to be bound by the rules of the pension scheme.
Trade mark assignment (www.practicallaw.com/A10478) for those trade marks which are being transferred to the buyer.
Trade mark licence (www.practicallaw.com/A2019) where the seller licenses the right to use its trade mark to the buyer.
Letter to confirm the non-crystallisation of any floating charges (www.practicallaw.com/A31903).
Computer services agreement (www.practicallaw.com/A2025) setting out the terms of use of the IT systems used by the business.
The documents are drafted from the buyers perspective, but taking a reasonable position. Each document is accompanied by drafting notes. There are links to relevant PLC Practice Notes.
The following documents are automated in the Group Reorganisation project and are available now:
Transitional services agreement (www.practicallaw.com/4-201-9680).
Computer services agreement (www.practicallaw.com/8-107-3553).
Board minutes of the target at completion (www.practicallaw.com/9-202-1906).
Board minutes of the buyer (www.practicallaw.com/6-202-1903) and Board minutes of the seller (www.practicallaw.com/1-202-1905).
EGM Notice (www.practicallaw.com/0-316-8954) and Minutes (www.practicallaw.com/2-316-8953).
Shareholders written resolution (www.practicallaw.com/2-202-2004).
Employee notification letter (www.practicallaw.com/7-201-6736).
Notice of change of control (www.practicallaw.com/0-202-1901).
Request for consent to assignment (www.practicallaw.com/0-202-2019).
The documents are drafted on the basis that the buyer and the seller are members of the same corporate group. They are drafted from the buyer's perspective and are accompanied by drafting notes orientated towards the buyer, but which deal with seller's points. There are links to relevant PLC Practice Notes.
The following documents are automated in the Share buybacks project and are available now:
Shareholder meeting minutes (www.practicallaw.com/2-316-8953).
Written resolution authorising purchase of own shares (www.practicallaw.com/7-107-3600)
Waiver of pre-emptive rights letter (www.practicallaw.com/8-376-3695).
Some of the documents are accompanied by drafting notes. There are links to relevant PLC Practice Notes.
The following documents are automated in the General Corporate documents project and are available now:
The following documents are automated in the General Commercial Contracts project and are available now:
Confidentiality agreement (www.practicallaw.com/0-384-4083), comprising mutual, pro-discloser and pro-recipient versions.
Distributorship agreement (www.practicallaw.com/9-100-9613).
Letter of resignation (director) (www.practicallaw.com/4-107-4516).
Letter of resignation (secretary) (www.practicallaw.com/0-107-4716).
Auditor's notice of resignation (www.practicallaw.com/7-380-8227).
Each document is accompanied by drafting notes. There are links to relevant PLC Practice Notes.
The following documents are automated in the Sale and Supply of Goods or Services project and are available now:
Terms and conditions for the supply of goods (pro-supplier) (www.practicallaw.com/9-100-9608).
Terms and conditions for the supply of goods (pro-customer) (www.practicallaw.com/7-100-9609).
Terms and conditions for the supply of services (pro-supplier) (www.practicallaw.com/4-318-4952).
Terms and conditions for the supply of services (pro-customer) (www.practicallaw.com/2-379-8099).
Each document is accompanied by drafting notes. There are links to relevant PLC Practice Notes.
The following documents are automated in the Leases project and are available now:
The documents are drafted from the landlords perspective, but take a reasonable position. Each document is accompanied by drafting notes. There are links to relevant PLC Practice Notes.
The project for Sale of Land is set into two separate toolkits - one allows for a contract for sale of leasehold or freehold land, with vacant possession, or subject to leases.
If the contract is subject to planning permission, a separate toolkit, with all the relevant ancillary documents is available.
This approach has been taken due to subscriber feedback, which found that having all these options in the one toolkit was too complicated.
The following documents are automated in the Sale of Land projects:
The following documents are automated in Contract for sale of land and are available now:
Heads of terms for sale of land (www.practicallaw.com/6-101-5620).
Confidentiality agreement (www.practicallaw.com/5-314-7978).
Licence to assign lease (www.practicallaw.com/9-317-1952), if the sale of land is for leasehold property.
Each document is accompanied by drafting notes. There are links to relevant PLC Practice Notes.
The following documents are automated in the Leasehold management project and will be available soon:
The documents are drafted from the landlords perspective, but take a reasonable position. Each document is accompanied by drafting notes. There are links to relevant PLC Practice Notes.
The following documents are automated in the Property standard documents project and are available now:
The following document is automated in PLC Construction and is available now:
Collateral warranties:
The following documents are automated in PLC Employment and are available now:
Employment contract (www.practicallaw.com/0-202-3014) for a senior or junior employee.
Letter of advice (www.practicallaw.com/8-200-3154) to accompany the employment contract.
Compromise agreement (long form) (www.practicallaw.com/3-200-3665) and Compromise agreement (short form) (www.practicallaw.com/4-500-0875)
Each document is accompanied by drafting notes. There are links to relevant PLC Practice Notes.
The following documents are automated in PLC Finance and are available now:
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The following documents are automated in PLC IPIT & Communications and are available now:
Each document is accompanied by drafting notes. There are links to relevant PLC Practice Notes.
The Master Will (www.practicallaw.com/5-381-4187) is automated in PLC Private Client. It contains the following major variations:
Will.
Will for a husband or wife with adult children.
Will for a civil partner.
Will for a single person.
It also allows for a duplicate will to be created for the spouse or civil partner, and contains an optional commentary on the will which can be handed to the client.
The following documents are automated in PLC Pensions:
Deed of appointment of new trustee (www.practicallaw.com/8-375-7114).
Deed of removal of trustee (www.practicallaw.com/1-375-9178).
Deed of retirement of trustee (www.practicallaw.com/5-375-7101).
Deed of retirement (or removal) and appointment of new trustee (www.practicallaw.com/4-375-6135).
The following document is automated in PLC Public Sector:
The following standard clauses are now available:
