Precedent Document and Clause Search
Bloomberg’s proprietary Precedent database accesses over 800,000 legal documents that top practitioners used in real transactions and filed with the Securities and Exchange Commission through EDGAR. The precedent documents in the Precedent database have been analyzed and classified according to a number of helpful criteria to easily locate transaction precedents specifically tailored to your needs.
Search for precedent documents and clauses by document type, clause title (clause search only), keyword, date, transaction type, governing law, SIC industry, party, law firm and attorney. Additionally, a robust set of filters narrow results to the exact required precedent.
How to Access Precedent Search
To access the Precedent search, either type "precedent" in the Search text box and select Transactional Precedent Search from the auto-complete list, or open the Browse All Content menu, select Corporate & Transactional, and click Precedent Search.
Search the over 600 document types in the Precedent database or to narrow the search of M&A Purchase Agreements, Underwriting Agreements or Credit & Loan agreements click the appropriate tab at the top of screen.
The search options customize based on the selected tab, facilitating a more tailored search.
Additionally, use the Result Type radial button to select either the whole document or single clause search.
Select By Document Type
Select one or more document types to run a search. The selected document types display below the Doc Type list. In the Document Type text box begin typing the document type and then select from the auto-complete drop-down menu, or click Browse Full List and scroll through the list of document types and make the selection.
To remove a selection click the checkbox next to the document type in the Doc Type list or clicking the x next to the selected item.
To create a Favorite, click the Star iconnext to the document type in the Full List.
For more information on a specific document type, click on the relevant button in the Doc Type list.
Search By Transaction Type
In the Transaction Type text box begin typing the transaction type and then select from the auto-complete drop-down menu, or click Browse Full List and scroll through the list of transaction types and make the selection.
Select one or more transaction types over which to run a search. Any selected transaction types displays below the Transaction Type list.
Remove a selection by clicking on the checkbox next to the transaction type in the Transaction Type list or clicking the x button next to the Selected list below the Transaction Type list.
To create a Favorite, click the Star iconnext to the transaction type in the Full List drop-down menu.
Search for Specific Clauses
From the Result Type filter, select either Whole Documents to search for whole precedent documents, or Single Clauses to search for specific clauses within a document.
If Single Clauses is selected, an additional field, Clause Title, is added.
To search by clause title, enter the exact name of a clause in quotation marks or using Boolean search terms.
Search By SIC Industry
In the SIC INDUSTRY text box begin typing the Industry or Standard Industrial Classification (“SIC”) code number of the classification and then select from the auto-complete drop-down menu, or click Browse Full List and scroll through the list of SIC Industries and make the selection. Select one or more industry types to run the search.
Remove a selection by clicking on the checkbox next to the industry type in the SIC Industry list or clicking the x next to the Selected list below the SIC Industry list.
To create a Favorite, click the Star iconnext to the SIC Industry type in the Full List drop-down menu.
Search By Governing Law
Begin to type the name of the jurisdiction in the text box and select the jurisdiction from the auto-complete drop down menu. Select one or more jurisdictions from the auto-complete field. Any selected jurisdictions display below the Governing Law search box. Remove a selection by clicking the x next to Selected.
Search By Filing Date
Click the Filing Date dropdown menu, select the desired date range. The menu defaults to Any (all dates are included). The Filing Date menu has the following options:
- Single Date - Enter a single date
- Date Range - Enter a To and From date
- Last 7 Days
- Last 30 Days
- Last 12 Months
- Last 5 Years
Search By Document Name
In the Document Name text box, enter specific name or title of the document (e.g. Technology License Agreement). The document name may be entered directly (e.g., “Technology License Agreement”) or using Boolean search operators (e.g. technology n/3 license).
Search By Party Name
In the Parties text box, enter the party’s name. Click the + button to additional search parameters. Any entered names display below the Parties box. To remove a party’s name click the x next to that party’s name. Multiple party names may be entered by either:
- Using Boolean search operators. Example: IBM OR Microsoft; or
- Entering each party name individually, clicking the + button after each entry. Note that searching in this way is the same as using the Boolean AND operator – all of the names entered must be party to the same agreement or have issued the same prospectus.
Search By Law Firm
From the Law Firms box, enter the name of a law firm that worked on the transaction or document and click the + to additional search parameters. Any entered law firms display below the Law Firms text box. Remove a law firm by clicking the x next to that law firm’s name. Multiple law firms may be entered by either:
- Using Boolean search operators. Example: Latham OR Skadden; or
- Entering each law firm individually, click the + after each entry. Note that searching in this way is the same as using the Boolean AND operator – all of the law firms entered must be associated with the same document.
Additional Search Criteria for Specific Documents
The Precedent search includes additional search criteria for M&A Purchase Agreements, Underwriting Agreement & Prospectuses and Credit & Loan Agreements.
To conduct a search for these precedent types, select the relevant tab from at the top of Precedent search tool. In addition to the search features discussed here, these tabs contain additional fields relevant to the specific selection (i.e., Deal Size for M&A Purchase Agreements).