You get the JV agreement, open it, and start hunting. Capital calls sit in one section, fees in another, and the promote math is split across definitions and exhibits. By the time you piece it together, you have notes everywhere and a nagging sense you missed something. That friction shows up right before you need to take a position. You want a clean read of economics, control, and exits, with exact cites, and you want off-market terms called out before you walk into a negotiation. Due Diligence ~5 min to run Abstract JV Agreement Terms Vic prompt Use Vic to abstract the terms of this JV operating agreement into a structured summary with a full promote waterfall and flagged issues. Purpose A human analyst needs roughly 45 minutes to produce the same organized summary. The task reduces that to about 5 minutes and surfaces sponsor-unfavorable provisions before term-sheet negotiation. Inputs Jv Agreement Required Output Format Required Amendments Optional Perspective Optional Outputs A clean abstract delivered as a Word document, an Excel workbook, or plain text, with the waterfall shown as an ordered table and unfavorable terms called out in a dedicated flags section. Time saved Turns roughly 45 minutes of manual work into about 5 minutes. How it works Hand Vic the JV or LP operating agreement and pick an output format. Include amendments, and if it matters, say whose perspective to use when flagging issues. Then run: Use Vic to abstract the terms of this JV operating agreement into a structured summary with a full promote waterfall and flagged issues. Vic reads the document and organizes the deal into six sections that match how people review these agreements: capital and calls, distributions and promote, sponsor fees, governance and major decisions, transfer and exit rights, and reporting and term. Each item ties back to its source section so you can verify quickly or jump to the language when something looks off. The distributions section includes a tiered waterfall laid out as an ordered table. That is where errors tend to hide. Seeing hurdles, splits, catch-ups, and sequencing in one place lets you check the logic without flipping pages. If the agreement spreads the waterfall across definitions and exhibits, Vic pulls it into a single view. You also get a dedicated flags section. This calls out nonstandard terms, inconsistencies, and missing protections. Think sponsor removal rights that run broader than expected, approval thresholds that tilt control, unclear fee language, or thin reporting obligations. The goal is simple: surface what deserves a second look before you negotiate. Output comes back as a clean abstract in Word, Excel, or plain text. The format follows common CRE conventions, with numbers and labels you can drop into an investment memo or circulate internally without cleanup. If there are amendments, Vic folds them in so you are not reading an outdated base agreement. The time difference is real. A human analyst will spend about 45 minutes to produce a comparable summary, often longer if the document is messy. This runs in about five minutes and stays consistent across deals. More important, it cuts the chance you miss a clause that changes economics or control. JV agreements are not hard because the concepts are complex. They are hard because the information is scattered. Put everything into a single, cited structure and the conversation shifts from hunting to deciding. That is where your time should go.