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View downloadsLegal scenario: Licensing agreement negotiation
Download scenario guideAvailable with: Copilot for Microsoft 365 Scenario level:
KPIs impacted
Advisory services
Transactional processes
Value benefit
Revenue growth
Employee experience
Using Copilot to licensing agreement negotiation
1. Meet with the counterparty
Use Copilot in Teams to transcribe the notes during the meeting to capture discussion royalties, territory, duration, and other key negotiation points.
Copilot in Teams
Conduct effective meetings across legal team and with other departments (e.g. cybersecurity) and summarize notes and action items
2. Draft term sheet
Using meeting notes to get started, use Copilot to create the preliminary term sheet.
Copilot1
Retrieve relevant chats, emails, and documents faster.
3. Conduct negotiations
Use Copilot in Word to help analyze the counterparty’s proposed terms.
Copilot in Word
Analyze large amounts of text to better understand the proposed terms.
4. Surface legal insights
Use Copilot to find comparable agreements to provide real-time legal insights, and check for compliance requirements to ensure adherence to patent law and regulations.
Copilot1
Improve quality of data-driven decisions with autogenerated analyses based on user prompts.
5. Finalize negotations
In meeting, Use Copilot in Teams to assist with real-time language suggestions, ensuring clarity and precision and flags potential pitfalls.
Copilot in Teams
Generate legal research based on topics, keywords, sources, and provide insights and recommendations.
6. Finalize the agreement
After reaching consensus, Copilot in Outlook generates draft of the licensing agreement incorporating the decisions made. The legal review team makes necessary adjustments.
Copilot in Outlook
Draft emails and schedule meetings for relevant stakeholders with appropriate information and tone for audience
1Access Copilot at copilot.microsoft.com or the Microsoft Copilot mobile app and set toggle to “Web”
2Access Copilot at copilot.microsoft.com, the Microsoft Copilot mobile app, or the Copilot app in Teams, and set toggle to “Work”
