ByLawyers News and Updates
  • Publication updates
    • Federal
    • New South Wales
    • Victoria
    • Queensland
    • South Australia
    • Western Australia
    • Northern Territory
    • Tasmania
    • Australian Capital Territory
  • By area of law
    • Bankruptcy and Liquidation
    • Business and Franchise
    • Companies, Trusts, Partnerships and Superannuation
    • Conveyancing and Property
    • Criminal Law
    • Defamation and Protecting Reputation
    • Employment Law
    • Family Law
    • Immigration
    • Litigation
    • Neighbourhood Disputes
    • Personal injury
    • Personal Property Securities
    • Practice Management
    • Security of Payments
    • Trade Marks
    • Wills and Estates
  • Legal alerts
  • Articles
  • By Lawyers

Commercial law AI prompts – All States

16 May 2025 by By Lawyers

The following new commercial law AI prompts have been added to the Companies, Trusts, Partnerships and Joint Ventures guides:

  • By Lawyers AI Prompt – Letter to client with advice on shareholders agreement;
  • By Lawyers AI Prompt – Letter to client with advice on discretionary trust deed;
  • By Lawyers AI Prompt – Letter to client with advice on unit trust deed;
  • By Lawyers AI Prompt – Letter to client with advice on partnership agreement;
  • By Lawyers AI Prompt – Letter to client with advice on joint venture agreement.

These new commercial law AI prompts will assist practitioners advising clients on complex documentation for the various types of entities.

AI prompts are transforming legal document drafting. Technical precision in prompting artificial intelligence can significantly improve the utility and credibility of its output, especially when the AI draws exclusively from data contained in client matters and not from outside sources.

A well-drafted AI prompt acts like a clear direction from a senior lawyer to a junior about how to prepare a document. It sets precise parameters for the task, identifies the required information and where it must be drawn from, specifies the document’s form and any legal or procedural rules with which it must comply, and forbids the use of external or unauthorised sources, including invention – or in AI’s case, hallucination.

The outcome of using an AI prompt in a matter that contains sufficient reliable data is a competent first draft of a document that the lawyer can then refine and perfect, either with or without further input from AI.

Even if sufficient data is not available in the matter to satisfy the prompt’s requirements for the document, the AI will identify the missing data the lawyer needs to obtain via instructions or other means.

By Lawyers is pleased to introduce AI prompts to our publications, helping our subscribers harness the power of LEAP’s Matter AI.

Filed Under: Australian Capital Territory, Business and Franchise, Companies, Trusts, Partnerships and Superannuation, Federal, Miscellaneous, New South Wales, Northern Territory, Publication Updates, Queensland, South Australia, Tasmania, Victoria, Western Australia Tagged With: AI prompts, companies, discretionary trusts, joint venture agreement, joint ventures, partnership agreement, partnerships, shareholders agreement, unit trusts

Joint venture agreements – Property development projects

20 June 2018 by By Lawyers

There are many different property development projects for which a joint venture structure may be suitable. Some common examples include:

  • A project where a property owner and builder agree to build a duplex on the basis that the builder and the owner each receive a unit by partition on completion;
  • Joint property owners who develop the property using a third party builder;
  • A developer and a property owner who develop a property by engaging a third party builder.

To help you structure these projects, By Lawyers have added a new precedent: Joint Venture Agreement – Townhouses development project.

This document is located in our Joint Ventures Guide and may be used in any of the situations listed above.

Our Joint Ventures commentary has also been updated to discuss use of the new agreement and the accompanying documentation necessary.

The By Lawyers Joint Ventures Guide ensures that practitioners can feel confident drafting agreements that capture the full complexity of their clients’ property development projects.

Filed Under: Companies, Trusts, Partnerships and Superannuation, Federal, Publication Updates Tagged With: joint venture agreement, joint venture agreement for property development, joint ventures, property development projects

New Joint Ventures Guide

11 April 2018 by By Lawyers

Within the must have commercial publication ‘Companies, Trusts, Partnerships and Superannuation’ we have created a new guide focusing extensively on the topic of Joint Ventures.

The guide contains commentary and precedents that have been drafted to provide an end to end solution for the joint venture trading structure such as:

  • establishing a new joint venture and the joint venture agreement;
  • a project management agreement;
  • a joint venture agreement for property development projects;
  • methods for selling an interest in a joint venture; and
  • withdrawal and terminating a joint venture.

The commentary also discusses the taxation and property ownership implications of operating under a joint venture structure.

 

Filed Under: Companies, Trusts, Partnerships and Superannuation, Federal, Publication Updates Tagged With: joint venture agreement, joint ventures, New Guide

Subscribe to our mailing list

* indicates required
Preferred State

Connect with us

  • Email
  • LinkedIn
  • Twitter

Copyright © 2025 · Privacy Policy
Created and hosted by LEAP · Log in