PRAX-01 · formation file
A contract brief with business terms, legal questions, dates, and owner decisions
Illustrative sample · not customer work
Customer agreement review and obligations brief
Illustrative file for a twelve-month customer agreement proposed to a five-person software company. The customer supplied its paper. The brief separates business facts, approved company positions, and questions for counsel. It is not legal advice and does not tell the owner which terms to accept.
Business record
The proposed annual fee is $72,000, billed quarterly. Service begins September 1. The sales record promises standard support and one data import; it does not promise a custom integration. The customer draft describes the work as continuous consulting and lists a July 15 start date. Those conflicts must be resolved before clause review can be treated as complete.
Terms requiring a decision or legal review
The draft renews automatically for one year unless notice is given 90 days before the term ends. Pricing is fixed through renewal. The liability section has no stated cap. The customer may terminate for convenience with 30 days’ notice. Security duties refer to an exhibit that is not attached. Governing law differs from the company’s approved fallback. PRAX records the text and consequence; counsel and the owner decide the position.
- Owner: confirm intended start date, billing schedule, and whether convenience termination changes the deal.
- Sales owner: remove the consulting description and attach the approved statement of work.
- Security owner: obtain and review the missing security exhibit before approval.
- Counsel: review liability, governing law, renewal notice, and termination language.
Version and approval state
The file marked customer-draft-2 is the current counterpart version. No redline is labeled final. The agreement is blocked from signature until the statement of work, security exhibit, business terms, and counsel responses are attached to one approval record. PRAX will compare the signature copy to that approved version before routing it.
Post-signature work prepared
If approved and signed, the obligations record will include quarterly invoices, the service start, the data-import delivery, security notice duties, the 90-day renewal decision, and every notice address. Each item receives an owner, evidence requirement, and reminder date. A later amendment will update this record rather than sit beside it as an isolated file.