Deal rooms provide users with a secure environment with project management tools, live updates, eSignatures and a full archive to facilitate the successful completion of any deal.

Start a deal

To start a new deal follow these steps:

1. Locate an asset and click on the Deals menu.
2. Click on ACTIONS to start a new deal.
3. Choose a deal type and select a Deal Setup if applicable.

Complete deals

A deal sits across 6 tabs explained below:

Summary

• This tab provides an overview of all previous deal activities and outlines the next steps for participants.
• There are also options to set a deal deadline, change its status, archive it, or leave it.

Participants

• To invite users to join a deal navigate to the Participants tab within the Deal room.
• Click on ACTIONS to invite a participant.
• Search for users to invite, send custom messages and specify their permissions.

Term sheet

• Use the Term sheet tab to create a blank draft term sheet.
• Choose a currency, add negotiation terms and incorporate clauses from the Clause library.
• The Preview tab allows users to review the agreement terms before publishing, while the Comparison tab enables them to track changes between versions.
• Users can also add users for approval in the Approvers tab.

Dossier

• In the Dossier tab,can create new documents for the deal.
• If a Deal setup exists the attached templates are conveniently bundled here.
• Users can edit deal documents just like regular templates and add placeholder fillers to submit variable information.
• The Placeholders tab allows users to manage placeholders, including signatures and track document completion.

Uploads

• The Uploads provides a folder to upload PDFs or other files that aren't comptabile with the Front Office AI document editor.

Comments

• Participants use the Comments section to communicate with one another.
• Comments can be edited and removed after being added.

Full archive

• To access a comprehensive history of the organisation's past deals, head to the dropdown menu at the top right corner of the homepage and select Deals.
• Here, users can filter deals by type and easily locate archived deals or use the search bar to find specific deals.

Related articles

• Deal setups