AI Prompt Library

Commercial Law prompts for Australian lawyers

These prompts are designed for AU commercial lawyers handling contracts, M&A transactions, regulatory work, and corporate matters. Each prompt is structured to produce useful output when used with Quillio. Copy any prompt directly, replace the placeholders with your matter facts, and run it.

In short

This is a curated library of 25 AI prompts for Australian commercial lawyers. Each prompt is grounded in AU contract law, the Corporations Act 2001, the Australian Consumer Law, and current AU commercial practice. Use them with Quillio for contract review, M&A due diligence, regulatory research, and transactional drafting.

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Contract review

Contract review prompts (3)

Review a commercial contract

Prompt

Review this commercial contract for risk and unusual provisions. Identify key obligations, termination provisions, indemnities, liability caps, and any clauses that diverge from market practice. Produce a structured summary.

Example use: A 60-page services agreement between an AU customer and a US-based SaaS vendor.

Compare contract versions

Prompt

Compare these two versions of the [contract type] and identify the substantive changes. Flag changes that shift risk allocation, change obligations, or introduce new restrictions.

Example use: For a re-papered services agreement where the counterparty has proposed amendments.

Identify ACL unfair contract terms

Prompt

Review this standard form contract for terms that may be unfair under section 25 of the Australian Consumer Law. Apply the unfair contract terms framework to small business contracts where applicable.

Example use: A vendor's standard terms of supply being signed by a small business buyer.

Contract drafting

Contract drafting prompts (5)

Draft a services agreement

Prompt

Draft a services agreement between [supplier] and [customer]. Services: [description]. Term: [duration]. Include payment terms, IP, confidentiality, liability, indemnity, termination, and dispute resolution.

Example use: A SaaS services agreement for an AU customer subscribing to an enterprise tool.

Draft a non-disclosure agreement

Prompt

Draft a mutual non-disclosure agreement for [purpose]. Include definitions of confidential information, permitted purposes, exceptions, term, return of information, and remedies.

Example use: For exploratory discussions about a potential acquisition.

Draft a heads of agreement

Prompt

Draft a heads of agreement for [transaction type]. Identify the binding and non-binding terms. Include exclusivity, confidentiality, conditions precedent, and signing authority.

Example use: A heads of agreement for a small business acquisition where the parties have reached commercial alignment.

Draft a shareholders agreement

Prompt

Draft a shareholders agreement for a [number]-shareholder company. Cover board composition, decision-making, drag and tag rights, share transfer restrictions, and dispute resolution.

Example use: A 3-founder tech start-up needing a shareholders agreement.

Draft a deed of release

Prompt

Draft a deed of release for a commercial dispute. Parties: [details]. Released claims: [scope]. Settlement amount: [amount]. Include mutual release, no admissions, confidentiality, and warranty provisions.

Example use: For settling a commercial contract dispute before litigation.

Due diligence

Due diligence prompts (4)

Run M&A due diligence on a data room

Prompt

Process this data room for [transaction type]. Surface material risks across the document set in these categories: [list]. Build a structured red-flag report grouped by severity.

Example use: A buy-side data room for a mid-market acquisition with 1,200 documents.

Identify change-of-control clauses

Prompt

Review the material commercial contracts in this data room and identify any change-of-control clauses. Flag whether each requires consent, notification, or triggers termination on a transaction.

Example use: For an acquisition where the target has 50+ material contracts.

Build a disclosure index

Prompt

Build a structured disclosure index from these vendor disclosure responses. Group by warranty category and flag any incomplete or potentially problematic disclosures.

Example use: For preparing a buy-side disclosure schedule on a private company acquisition.

Identify IP ownership issues

Prompt

Review the employment contracts, contractor agreements, and IP assignments in this data room. Identify any IP that may not be owned by the target company.

Example use: For tech company due diligence where IP ownership is the central commercial issue.

Regulatory research

Regulatory research prompts (4)

Research current ACL enforcement

Prompt

Research the current ACCC enforcement priorities and recent enforcement actions on [conduct]. Identify the leading authority and the types of penalties imposed.

Example use: For advising a client on ACL exposure in their advertising practices.

Research Corporations Act director duties

Prompt

Research the current authority on director duties under sections 180-184 of the Corporations Act 2001. Focus on [specific issue]. Identify recent ASIC enforcement and case law.

Example use: For advising a director on their exposure in a specific transaction.

Research foreign investment requirements

Prompt

Research whether [transaction] requires Foreign Investment Review Board approval. Apply the current thresholds and any sensitive sector considerations.

Example use: For an offshore investor looking to acquire AU agricultural land or critical infrastructure.

Research Privacy Act compliance

Prompt

Research the application of the Privacy Act and the Australian Privacy Principles to [scenario]. Identify the obligations and recent OAIC enforcement.

Example use: For advising a tech client on their data handling practices.

Letters of advice

Letters of advice prompts (3)

Draft a letter of advice on contract dispute

Prompt

Draft a letter of advice for a commercial client. Facts: [details]. Issue: [contract dispute]. Cover the contractual position, available remedies, likely damages, and recommended course.

Example use: For a supplier whose customer has terminated for convenience without proper notice.

Draft an advice on regulatory exposure

Prompt

Draft a letter of advice on the regulatory exposure for [proposed conduct]. Cover the relevant statutes, the strongest arguments for and against, and recommended risk mitigation.

Example use: For a client considering a marketing campaign that may attract ACCC scrutiny.

Draft an advice on warranty claims

Prompt

Draft a letter of advice on a potential warranty claim under [SPA / sale agreement]. Facts: [details]. Cover the warranty wording, the disclosure schedule, time limits, and quantum of likely damages.

Example use: For a buyer post-acquisition who has discovered an undisclosed liability.

Workflows

Workflows prompts (5)

Draft a letter of demand

Prompt

Draft a letter of demand for [debt/breach]. Counterparty: [details]. Amount/breach: [details]. Include the basis for the claim, time for compliance, and consequences of non-payment.

Example use: For an unpaid commercial invoice approaching the limitation period.

Draft a board paper

Prompt

Draft a board paper recommending [course of action]. Include the recommendation, the commercial context, the legal considerations, the risk assessment, and the proposed resolution.

Example use: For a board considering whether to approve a material acquisition.

Draft a circular resolution

Prompt

Draft a circular resolution of the directors / shareholders for [decision]. Include the resolution, the supporting documentation references, and the signing block.

Example use: For approving a director appointment without convening a meeting.

Draft a pre-completion checklist

Prompt

Draft a pre-completion checklist for a [transaction type]. Cover all conditions precedent, regulatory approvals, third-party consents, board approvals, and document execution.

Example use: For a mid-market private company acquisition completing in 2 weeks.

Draft a deed of variation

Prompt

Draft a deed of variation to amend [original contract]. Variations: [list]. Include the recitals, the variations, the date of effect, and confirmation that all other terms remain unchanged.

Example use: For varying the term and pricing of an ongoing services agreement.

Use with Quillio

Run these prompts grounded in AU law

Quillio is purpose-built for Australian commercial lawyers — contract review, M&A due diligence, regulatory research, and AU transactional drafting. See /practice-areas/commercial-lawyers or start a free trial.

These prompts are starting points, not legal advice. Always verify outputs against authoritative sources before relying on them in client matters.

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