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[Music] welcome to the unit auto covenant designer a plugin for microsoft word today were looking at stacking auto covenants a simple way to build an argument in a smart legal contract or slc slcs create counterparty neutral contract automation embedded in the legal agreement itself elegantly simple legal professionals dont need to learn to code or even to take additional classes arguments are built responsively pre-planning for future events and revenues within the contract lets look at how this can be applied in practice here we have the unit shareholder agreement our future event is unit or to deliver monthly management accounts to investors within 21 days of the new month in this case investors is a term that has been defined in a definition auto covenant earlier in the creation of the slc now lets build an order covenant to enforce this first select from the drop down menu the type of covenant needed today we need a document based reporting covenant with time as the trigger to
