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Transactional & Contract Work

Share Purchase Agreement (SPA) Analysis

Comprehensively analyze SPAs, extracting representations and warranties, indemnification structures, closing conditions, and risk areas. Reduces initial SPA review by 60-75%.

Time Saved

60-75% reduction in initial SPA review

Accuracy

Comprehensive extraction across all sections

Category

Transactional & Contract Work

The Problem

  • Complex, lengthy documents (often 100+ pages)
  • Interrelated definitions and provisions
  • Critical provisions buried in schedules
  • Time pressure of deal timelines
  • Risk of missing carve-outs or qualifications

How Claude Helps

Extracts all representations and warranties, maps indemnification structure and limitations, identifies closing conditions and required consents, flags non-standard provisions and carve-outs, and generates deal summary for client review.

Step-by-Step Workflow

1

Upload complete SPA

Including schedules and exhibits

2

Run comprehensive analysis prompt

Covering all deal sections

3

Review extracted provisions

By category

4

Flag issues

Requiring negotiation

5

Generate client summary

Of key terms and risks

6

Track changes

As deal evolves

Example Prompt

Analyze this Share Purchase Agreement comprehensively:

DEAL STRUCTURE
- Parties and transaction type
- Purchase price and payment terms
- Working capital adjustment mechanism
- Earnout provisions (if any)

REPRESENTATIONS & WARRANTIES
- Seller reps: List all with materiality qualifiers
- Knowledge qualifiers: How is "Knowledge" defined?
- Material Adverse Effect definition and carve-outs
- Which reps survive closing? For how long?

INDEMNIFICATION
- Indemnification cap (basket, ceiling)
- Deductible vs. threshold structure
- Survival periods by rep category
- Exclusive remedy provisions
- Insurance offset provisions

CLOSING CONDITIONS
- All conditions precedent
- Required consents and approvals
- Material adverse change provisions
- Termination rights

FLAG FOR NEGOTIATION
- Provisions that differ from market standard
- Unusual limitations or carve-outs
- Missing protections for buyer

Generate a deal summary memo suitable for client presentation.

Frequently Asked Questions

Can Claude track defined terms across the entire document?

Yes. Claude maintains context across the full document and can identify when defined terms are used differently than defined.

How do I handle SPAs with dozens of schedules?

Upload all documents together and instruct Claude to analyze cross-references. For very large document sets, consider processing in sections with clear instructions to maintain context.

Can Claude compare against our standard terms?

Yes. Provide your firm's standard SPA positions in a playbook, and Claude will compare the deal document against your preferences.

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