Legal scenario: Licensing agreement negotiation
Available with: Microsoft 365 Copilot Scenario level:
KPIs impacted
Advisory services
Transactional processes
Value benefit
Revenue growth
Employee experience
Using Copilot to negotiate licensing agreements
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
Benefit: 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.
Business Chat2
Benefit: 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
Benefit: 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.
Business Chat1
Benefit: Improve quality of data-driven decisions with autogenerated analyses based on user prompts.
5. Finalize negotations
In meetings, use Copilot in Teams to assist with real-time language suggestions and to flag potential pitfalls.
Copilot in Teams
Benefit: 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
Benefit: 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 Business Chat at copilot.microsoft.com or the Microsoft Copilot mobile app and set toggle to “Web”.
3Copilot agents allow Microsoft 365 Copilot to access your company-specific apps. In the past, this would have required an API call to get data from a system of record. The content in this example scenario is for demonstration purposes only. You should evaluate how Copilot aligns with your organization’s business processes, regulatory requirements, and responsible AI principles.
The content in this example scenario is for demonstration purposes only. You should evaluate how Copilot aligns with your organization’s business processes, regulatory requirements, and responsible AI principles.
