Deal Verifier compares the terms in a term sheet against one or more implementation documents (for example, a purchase agreement, side letter, or financing document). It pulls each term, checks how it shows up in each implementation document, and flags deviations with citations.
Start a run
Open Workflows.
Click Deal Verifier.
If you have not run Deal Verifier in this project yet, you go straight to the start screen. Otherwise, choose New verification.
Select your term sheet. Pick the document that contains the terms you want to verify. You can pick one term sheet per run.
Select the implementation documents. Pick one or more documents to verify against. You can also choose "any document" to verify against everything in the project.
Click Start verification.
What you will see
Deal Verifier runs in stages. You will see progress through:
Starting
Analyzing term sheet
Terms extracted
Verifying terms (this is the longest stage; expect up to 10 to 15 minutes for a typical run)
Preparing results
Verification complete
You can leave the page during a run. You will find your verification in the run history when it finishes. Once it's done, see Read your Deal Verifier results.
Both the term sheet and the implementation documents must finish processing before you can start. If a document is still being processed after upload, wait until it shows as ready, then start the verification.