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Solution for Deal teams

Which contracts need consent?

Four hundred agreements in the data room, and completion turns on the handful that let a counterparty walk when the shares change hands. Ragextract reads the stack once and returns the list, with every answer citing the clause it came from.

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Target contract stack — consents
Four of a target’s contracts compared on change of control, assignment, whether consent is required and the notice window, each answer citing the clause it was read from.
RowDocumentsChange of controlConsent requiredNotice windowCounterparty
Anchor customer MSA.pdfAmendment 1.pdfTermination right on change of controlYes30 days before completionCustomer
Distribution agreement.pdfConsent not to be unreasonably withheldYesNot statedDistributor
Core platform licence.pdfOrder form.pdfSilent on change of controlNoNot applicableSupplier
Property lease — head office.pdfLandlord consent to assignment or change of controlYes20 working daysLandlord
Rows are the target’s contracts, not the targetRow 1’s notice window comes from the amendment, not the agreement

The consent you missed is the one that costs money.

A missed change-of-control clause does not surface in diligence. It surfaces after completion, when the anchor customer discovers it has a termination right and starts a conversation about price.

This is the work that gets sampled when the timetable tightens — a hundred of four hundred contracts, chosen by value, and the assumption that the rest are standard form. Reading all four hundred costs a few tens of dollars and a morning, so the sample stops being the only option.

How citations and confidence work

One contract whose change-of-control clause says nothing, shown beside the assignment clause that does the work instead.
DocumentChange of controlAssignment
Core platform licence +1SilentNo assignment without written consent
Silent is not the same as clearOn a share sale the first column is the one that matters; on an asset sale, the second

A row is a contract, not a company.

That is what separates this table from the one on the finance page. Comparing targets is a row per company, bundled from its filings. Working inside a target is a row per contract, and the two tables answer to different people on different days.

Bundle each contract with its amendments and order forms, most recent first. A notice window shortened by an amendment is precisely the sort of detail that makes a consent schedule wrong, and it is invisible if the amendment is its own row.

Add a category column for the counterparty type — customer, supplier, landlord, lender — so the schedule can be split by who has to be approached and by whom.

Bundles, and how precedence is decided

Where it fits.

Three of these are one row per document and one is one row per company. Mixing them in a single table is the mistake worth naming out loud.

Four kinds of transaction work, what a row represents in each, and which set of columns to start from.
The workWhat a row is
Consent and change-of-control reviewOne of the target’s contracts
Disclosure against the warrantiesA disclosed document
Facilities inherited at completionA facility, with its letters
Post-completion integrationA contract inherited at completion

The consent columns above are ones you write — the app’s Legal & Procurement template is built for risk review, and contract review quotes it verbatim. For the borrowing a buyer inherits, Finance & Accounting is worked through on business loan agreements.

Reading is charged once.

The data room is billed for the pages it reads. A question the SPA negotiation throws up in week six costs the same as one you planned in week one — which is what makes it answerable inside the timetable instead of after it.

Credit rates in full

What a 400-contract consent review costs in credits at the published rates.
A 400-contract stackVolumeCost
400 contracts in the data room, 20 pages each8,000 pages8,000 credits
4 consent questions asked of all 4001,600 cells6,400 credits
A fifth question raised at the SPA stage400 cells1,600 credits
16,000 credits · $40 at par, excl. VATBulk top-ups carry a bonus, so the real rate is lower

Nothing on this page is legal advice or advice about your transaction.

Start with the pile you already have.

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