AI Agents

You are drafting a promissory note for a loan between two private parties in the United States. Produce a complete draft that I will take to a licensed attorney in the governing state before anyone signs anything.

PARTIES
- Lender: [LENDER LEGAL NAME], a [LENDER ENTITY TYPE: individual / LLC / trust / self-directed IRA], address [LENDER ADDRESS]
- Borrower: [BORROWER LEGAL NAME], a [BORROWER ENTITY TYPE: individual / LLC / corporation], address [BORROWER ADDRESS]
- Purpose of the loan: [PURPOSE, e.g. purchase and rehabilitation of the property described below]
- Is this a business-purpose or a consumer loan? [BUSINESS PURPOSE / CONSUMER] - and flag in your notes how much this distinction changes.
- Personal guarantee: [YES / NO]. If yes: guarantor [GUARANTOR LEGAL NAME], guarantee is [UNCONDITIONAL AND CONTINUING / CAPPED AT $[GUARANTEE CAP] / LIMITED TO CARVE-OUTS FOR FRAUD AND WASTE].

MONEY TERMS
- Principal: $[LOAN AMOUNT]
- Funding date: [FUNDING DATE]
- Interest rate: [RATE]% per annum, [FIXED / FLOATING AT [INDEX NAME] PLUS [SPREAD]%]
- Interest accrual basis: [30/360 / ACTUAL/365 / ACTUAL/360]
- Term: [TERM IN MONTHS] months, maturing [MATURITY DATE]
- Payment schedule: [INTEREST-ONLY MONTHLY / FULLY AMORTISING OVER [AMORTISATION MONTHS] MONTHS / INTEREST ACCRUES AND IS PAID IN FULL AT MATURITY]
- Payment due on the [PAYMENT DAY] day of each month, first payment [FIRST PAYMENT DATE]
- Balloon: [YES - ALL REMAINING PRINCIPAL AND ACCRUED INTEREST DUE AT MATURITY / NO]
- Origination points or fee: [POINTS]% of principal, [DEDUCTED FROM THE FUNDED AMOUNT / PAID SEPARATELY AT CLOSING]
- Late fee: [LATE FEE]% of the overdue instalment, after a grace period of [GRACE DAYS] days
- Default interest rate: [DEFAULT RATE]% per annum, running from [THE DATE OF DEFAULT / THE END OF THE CURE PERIOD]
- Prepayment: [PERMITTED IN WHOLE OR PART AT ANY TIME WITHOUT PENALTY / SUBJECT TO A PENALTY OF [PREPAYMENT PENALTY] / SUBJECT TO A MINIMUM INTEREST GUARANTEE OF [MINIMUM MONTHS] MONTHS]
- Order in which payments are applied: [FEES AND COSTS, THEN DEFAULT INTEREST, THEN ACCRUED INTEREST, THEN PRINCIPAL]

SECURITY
- This note is [SECURED / UNSECURED].
- If secured: it is secured by a [DEED OF TRUST / MORTGAGE / SECURITY AGREEMENT WITH UCC-1] dated [SECURITY INSTRUMENT DATE], to be recorded in [COUNTY], [STATE], covering [PROPERTY ADDRESS OR DESCRIPTION OF COLLATERAL]. Reference that instrument by name and date and make clear the note and the security instrument are read together - do not restate the security instrument's covenants inside the note.
- Lien position: [FIRST / SECOND / OTHER]. Senior debt already recorded: [DESCRIBE OR WRITE "NONE"].
- Title insurance and lender's policy: [REQUIRED / NOT REQUIRED].
- Property insurance naming the lender: [MORTGAGEE CLAUSE / LOSS PAYEE / NOT REQUIRED].

CLAUSES TO INCLUDE
Events of default (missed payment, breach of covenant, insolvency or bankruptcy, unpermitted transfer of the collateral, default under any senior lien, lapse of insurance); notice and cure period of [CURE DAYS] days; acceleration on uncured default; costs of collection and attorney fees; waiver of presentment, demand, protest and notice of dishonour; the lender's right to assign or sell the note; no oral modification; severability; joint and several liability if there is more than one borrower; a usury savings clause; notices (addresses and delivery method); governing law of [GOVERNING STATE]; signature blocks with printed names, titles, dates, and a line noting whether notarisation is expected.

STYLE
Numbered sections with short plain headings. Define a term before you use it. Keep sentences short. Do not add commercial terms I did not give you - if something is missing, leave a clearly marked blank rather than inventing a number or a market convention.

FINISH WITH ALL FOUR OF THESE, IN THIS ORDER
1. Put "DRAFT FOR ATTORNEY REVIEW - NOT LEGAL ADVICE" as the first line of the document.
2. After the document, under the heading "State-specific items I could not verify", list
   every point where the law of the governing state may control the outcome: maximum
   lawful interest and usury limits, lender or broker licensing, caps on late fees and
   default interest, restrictions on prepayment penalties, notarisation, witnessing and
   recording requirements, filing fees and deadlines, homestead and consumer-protection
   rules, mandatory disclosures, and anything that turns on whether the transaction is
   consumer or commercial. For each one, say plainly that you cannot confirm the current
   rule in that state and that it must be checked by a licensed attorney there.
3. Under the heading "Blanks I could not fill", list every placeholder I left empty and
   every term the document needs that I did not give you. Do not guess a number, a rate,
   a date, a percentage or a legal name.
4. Under the heading "Assumptions", list every drafting choice you made that I did not
   specify, including any clause you added on your own initiative.

Do not tell me the document is ready to sign, and do not tell me it is enforceable.

The IOU itself. It records the debt and the payment terms; the security instrument that ties the debt to collateral is a separate document, referenced here but not restated. 44 bracketed blanks to fill in.

I am going to paste a [DEED OF TRUST / MORTGAGE / SECURITY AGREEMENT] below. I am the [LENDER / BORROWER]. The property is at [PROPERTY ADDRESS] in [COUNTY], [STATE]. The related promissory note is dated [NOTE DATE] for $[LOAN AMOUNT].

Read the document and give me:

1. A one-paragraph plain-English summary of what this instrument does and who it protects.
2. A section-by-section map: section number, heading, and one sentence on what it actually requires. Flag any section that is unusual, one-sided, or blank.
3. The borrower's ongoing obligations, as a list: payments, taxes, insurance, escrow or impound, maintenance and waste, occupancy, no further encumbrance, notice of litigation.
4. The lender's remedies on default, in the order they can be used, including whether the document contemplates a power of sale or a judicial process, any receiver or assignment-of-rents clause, and any right to advance funds and add them to the debt.
5. The trigger clauses I should notice: due-on-sale or due-on-transfer, cross-default with other loans, cross-collateralisation, prepayment restrictions, escrow waivers, and any arbitration or jury-waiver clause.
6. Every defined term that appears in the document but is not defined in it, and every reference to another document (the note, a guaranty, an assignment of rents, an exhibit) that I have not given you.
7. The recording and execution mechanics the document itself calls for: notarisation, witnesses, exhibits, legal description, trustee details, mailing addresses.
8. Ten questions I should put to my attorney about this specific document, ordered by how much money rides on the answer.

Rules: quote the exact clause language when you make a point about it. If a clause is ambiguous, say so rather than resolving it. Do not tell me whether to sign. Do not compare this to what is "standard" in the market unless you can point to the clause in this document that makes the comparison.

DOCUMENT:
[PASTE THE FULL TEXT OF THE INSTRUMENT HERE]

FINISH WITH ALL FOUR OF THESE, IN THIS ORDER
1. Put "DRAFT FOR ATTORNEY REVIEW - NOT LEGAL ADVICE" as the first line of the document.
2. After the document, under the heading "State-specific items I could not verify", list
   every point where the law of the governing state may control the outcome: maximum
   lawful interest and usury limits, lender or broker licensing, caps on late fees and
   default interest, restrictions on prepayment penalties, notarisation, witnessing and
   recording requirements, filing fees and deadlines, homestead and consumer-protection
   rules, mandatory disclosures, and anything that turns on whether the transaction is
   consumer or commercial. For each one, say plainly that you cannot confirm the current
   rule in that state and that it must be checked by a licensed attorney there.
3. Under the heading "Blanks I could not fill", list every placeholder I left empty and
   every term the document needs that I did not give you. Do not guess a number, a rate,
   a date, a percentage or a legal name.
4. Under the heading "Assumptions", list every drafting choice you made that I did not
   specify, including any clause you added on your own initiative.

Do not tell me the document is ready to sign, and do not tell me it is enforceable.

For the document that ties the note to the property. Use it on a draft you have been sent, before signing or recording. 8 bracketed blanks to fill in.

You are drafting an operating agreement for a limited liability company formed in the United States. Produce a complete draft for a licensed attorney in the formation state to review.

THE COMPANY
- Name: [LLC LEGAL NAME]
- State of formation: [FORMATION STATE]. Principal office: [PRINCIPAL OFFICE ADDRESS]
- Registered agent: [REGISTERED AGENT NAME AND ADDRESS]
- Purpose: [PURPOSE, e.g. to acquire, hold and lease the property at ...]
- Term: [PERPETUAL / ENDING ON [END DATE]]
- Structure: [SINGLE-MEMBER / MULTI-MEMBER]
- Intended federal tax classification: [DISREGARDED ENTITY / PARTNERSHIP / S CORPORATION / C CORPORATION] - draft the allocation and distribution sections consistently with this, and say in your notes which sections change if the classification changes.

MEMBERS AND CAPITAL
For each member: [MEMBER NAME], [ENTITY TYPE], address [ADDRESS], initial capital contribution [$ AMOUNT OR DESCRIPTION OF PROPERTY OR SERVICES], ownership [PERCENTAGE]%, [VOTING / NON-VOTING].
- Additional capital: [MANDATORY ON A MAJORITY CALL / VOLUNTARY ONLY]. Consequence of failing to contribute: [DILUTION FORMULA / MEMBER LOAN AT [RATE]% / NO CONSEQUENCE].
- Are capital accounts maintained, and on what basis: [TAX BASIS / 704(b) BOOK BASIS]
- Member loans permitted: [YES AT [RATE]% / NO]

PROFITS, LOSSES AND DISTRIBUTIONS
- Allocation of profit and loss: [PRO RATA TO OWNERSHIP PERCENTAGE / PER THE SPECIAL ALLOCATION DESCRIBED HERE: [DESCRIBE]]
- Distribution waterfall: [DESCRIBE IN ORDER, e.g. first to unreturned capital, then a [PREFERRED RETURN]% preferred return, then [SPLIT] between members]
- Distribution timing: [MONTHLY / QUARTERLY / ANNUALLY / WHEN THE MANAGER DETERMINES]
- Tax distributions: [REQUIRED, AT AN ASSUMED RATE OF [TAX RATE]% / NOT REQUIRED] - include the standard warning that in a pass-through entity a member can owe tax on allocated income in a year with no cash distribution.
- Reserves the manager may hold back before distributing: [DESCRIBE OR "IN THE MANAGER'S REASONABLE DISCRETION"]

MANAGEMENT AND VOTING
- Management: [MEMBER-MANAGED / MANAGER-MANAGED]. Manager: [MANAGER NAME]
- Day-to-day authority of the manager, and the dollar threshold above which member consent is needed: $[APPROVAL THRESHOLD]
- Major decisions requiring [MAJORITY / SUPERMAJORITY OF [PERCENTAGE]% / UNANIMOUS] consent: selling or refinancing the principal asset, admitting a new member, borrowing above $[BORROWING THRESHOLD], amending this agreement, changing the business purpose, dissolving, filing bankruptcy, making a capital call, entering a related-party contract.
- Voting: [BY OWNERSHIP PERCENTAGE / PER CAPITA]. Deadlock mechanism: [DESCRIBE, e.g. mediation then buy-sell]
- Manager compensation and reimbursement: [DESCRIBE]
- Standard of care, indemnification, and whether fiduciary duties are modified to the extent the formation state allows: [DESCRIBE]
- Books, records, bank accounts, fiscal year, tax matters partner / partnership representative: [NAME]

TRANSFERS AND EXIT
- Transfer restrictions: no transfer without [MANAGER / MAJORITY / UNANIMOUS] consent; permitted transfers for estate planning: [YES / NO]
- Right of first refusal on a proposed outside sale: [YES, [ROFR DAYS]-DAY NOTICE / NO]
- Buy-sell triggers to cover: death, disability lasting [DISABILITY MONTHS] months, divorce, personal bankruptcy of a member, criminal conviction, voluntary withdrawal, material breach, and a shotgun or forced buy-sell at [DESCRIBE MECHANISM].
- Valuation method on a buy-sell: [ANNUAL AGREED VALUE / APPRAISAL BY [NUMBER] APPRAISERS / FORMULA: [DESCRIBE]]. Payment terms: [LUMP SUM / [PAYOUT YEARS]-YEAR NOTE AT [RATE]%]
- Is the buy-out funded by insurance: [YES - DESCRIBE / NO]
- Dissolution: triggering events, who winds up, order of liquidating distributions, final accounting, filing of the certificate of cancellation.

BOILERPLATE
Confidentiality; non-compete or non-solicit if any: [DESCRIBE OR "NONE"]; notices; amendment procedure; entire agreement; severability; counterparts and electronic signature; governing law of [GOVERNING STATE]; dispute resolution [COURTS OF [VENUE] / MEDIATION THEN ARBITRATION UNDER [RULES]]; signature blocks; and a schedule of members showing contributions and percentages.

STYLE
Numbered articles and sections with a table of contents. Define terms once, in a definitions article. Keep the waterfall arithmetic explicit enough that two members reading it separately would compute the same distribution. Do not invent economics I did not give you.

FINISH WITH ALL FOUR OF THESE, IN THIS ORDER
1. Put "DRAFT FOR ATTORNEY REVIEW - NOT LEGAL ADVICE" as the first line of the document.
2. After the document, under the heading "State-specific items I could not verify", list
   every point where the law of the governing state may control the outcome: maximum
   lawful interest and usury limits, lender or broker licensing, caps on late fees and
   default interest, restrictions on prepayment penalties, notarisation, witnessing and
   recording requirements, filing fees and deadlines, homestead and consumer-protection
   rules, mandatory disclosures, and anything that turns on whether the transaction is
   consumer or commercial. For each one, say plainly that you cannot confirm the current
   rule in that state and that it must be checked by a licensed attorney there.
3. Under the heading "Blanks I could not fill", list every placeholder I left empty and
   every term the document needs that I did not give you. Do not guess a number, a rate,
   a date, a percentage or a legal name.
4. Under the heading "Assumptions", list every drafting choice you made that I did not
   specify, including any clause you added on your own initiative.

Do not tell me the document is ready to sign, and do not tell me it is enforceable.

The document that decides who owns what, who decides what, how money comes out, and how somebody leaves. Works for a single-member holding entity or a multi-member deal. 41 bracketed blanks to fill in.

I am going to paste a lease below. I am the [LANDLORD / TENANT / PROSPECTIVE BUYER OF THE PROPERTY]. It is a [RESIDENTIAL / COMMERCIAL] lease for [PROPERTY ADDRESS] in [STATE].

Give me:

1. A summary table of the commercial terms exactly as written: parties, premises, square footage or unit, commencement date, expiry date, base rent and how it is stated, escalations and their formula or index, free-rent or abatement periods, security deposit, last month's rent, guarantor, and any signing incentive.
2. Who pays what: taxes, building insurance, tenant insurance and required limits, utilities, common-area maintenance, repairs by category, capital replacements, management fee, snow and landscaping. Say whether the structure is gross, modified gross, or triple-net based on what the clauses actually say, and quote the clause you relied on.
3. The dates that create obligations: renewal option and the window to exercise it, notice periods for termination, rent-review dates, estoppel and subordination deadlines, and any automatic renewal.
4. Options and rights: renewal, expansion, right of first refusal, purchase option, early termination and any fee, relocation right, exclusivity or use restriction, permitted use and prohibited use.
5. Default and remedies for both sides, including cure periods, late fees, interest on arrears, re-entry, re-letting duty, and holdover rent.
6. Assignment and subletting: what is permitted, whose consent is needed, whether consent may not be unreasonably withheld, and whether the original tenant stays liable.
7. Anything missing that a lease of this type normally addresses and this one does not.
8. A cash-flow line for the full term as written: for each lease year, the base rent, the stated escalation, and any charges the lease makes the tenant pay separately. Label it "computed from the lease text" and show the arithmetic. Do not estimate any expense the lease does not state.
9. Fifteen questions to ask before signing, ordered by financial impact.

Rules: quote clause numbers. If a term is silent, say "the lease is silent" rather than filling it in from what is common. Do not tell me whether the deal is good.

LEASE:
[PASTE THE FULL LEASE TEXT HERE]

FINISH WITH ALL FOUR OF THESE, IN THIS ORDER
1. Put "DRAFT FOR ATTORNEY REVIEW - NOT LEGAL ADVICE" as the first line of the document.
2. After the document, under the heading "State-specific items I could not verify", list
   every point where the law of the governing state may control the outcome: maximum
   lawful interest and usury limits, lender or broker licensing, caps on late fees and
   default interest, restrictions on prepayment penalties, notarisation, witnessing and
   recording requirements, filing fees and deadlines, homestead and consumer-protection
   rules, mandatory disclosures, and anything that turns on whether the transaction is
   consumer or commercial. For each one, say plainly that you cannot confirm the current
   rule in that state and that it must be checked by a licensed attorney there.
3. Under the heading "Blanks I could not fill", list every placeholder I left empty and
   every term the document needs that I did not give you. Do not guess a number, a rate,
   a date, a percentage or a legal name.
4. Under the heading "Assumptions", list every drafting choice you made that I did not
   specify, including any clause you added on your own initiative.

Do not tell me the document is ready to sign, and do not tell me it is enforceable.

Turns a lease you have been handed into a one-page picture of the cash flows, the obligations and the dates that matter. 5 bracketed blanks to fill in.

You are drafting an independent contractor agreement under United States law. Produce a complete draft for attorney review.

PARTIES AND WORK
- Client: [CLIENT LEGAL NAME], a [ENTITY TYPE], address [CLIENT ADDRESS]
- Contractor: [CONTRACTOR LEGAL NAME], a [ENTITY TYPE], address [CONTRACTOR ADDRESS]
- Services: [DESCRIBE THE WORK PRECISELY]
- Deliverables and acceptance criteria: [LIST EACH DELIVERABLE AND HOW IT IS ACCEPTED]
- Schedule: start [START DATE], end [END DATE OR "ONGOING UNTIL TERMINATED"], milestones [LIST]
- Where and how the work is performed, and the fact that the contractor controls the manner and means: [DESCRIBE]

MONEY
- Fee: [$[FIXED FEE] FOR THE WHOLE ENGAGEMENT / $[HOURLY RATE] PER HOUR / $[MONTHLY RETAINER] PER MONTH / [PERCENTAGE]% OF [DEFINED REVENUE]]
- Invoicing frequency: [WEEKLY / MONTHLY / ON MILESTONE]. Payment due [PAYMENT DAYS] days after invoice.
- Late payment interest: [RATE]% per month or the maximum the governing state allows, whichever is lower.
- Expenses: [REIMBURSED WITH PRIOR WRITTEN APPROVAL / NOT REIMBURSED]. Cap: $[EXPENSE CAP]
- Who supplies tools, equipment, software and accounts: [DESCRIBE]

STATUS, IP AND CONFIDENTIALITY
- Independent contractor status: no employment, no benefits, contractor pays its own taxes, contractor may work for others. Include a clause listing the factors the parties intend to rely on, and note in your review section that worker-classification tests differ by federal agency and by state and can override what the contract says.
- Insurance the contractor must carry: [GENERAL LIABILITY $[LIMIT] / PROFESSIONAL LIABILITY $[LIMIT] / WORKERS COMPENSATION / NONE]
- Intellectual property: [WORK MADE FOR HIRE WITH A BACKUP ASSIGNMENT TO THE CLIENT / LICENCE TO THE CLIENT, CONTRACTOR RETAINS OWNERSHIP]. Pre-existing materials the contractor keeps: [LIST]. Third-party and open-source components: [DISCLOSURE REQUIRED]. Moral rights and waiver where applicable.
- Confidentiality: [CONFIDENTIALITY TERM] years, with the usual carve-outs, and return or destruction of materials on termination.
- Data and account access: which systems, whose credentials, and what happens to them at the end.
- Non-solicit: [YES, [NON-SOLICIT MONTHS] MONTHS / NO]. Non-compete: [YES / NO] - and flag that enforceability of non-competes varies by state and has been restricted in several.

ENDING IT
- Termination for convenience on [NOTICE DAYS] days' notice; termination for cause on uncured material breach after [CURE DAYS] days; what is owed on termination; transition assistance for [TRANSITION DAYS] days.
- Warranties, indemnities, and a limitation of liability capped at [FEES PAID IN THE PRIOR [CAP MONTHS] MONTHS / $[LIABILITY CAP]].
- Notices, assignment, entire agreement, severability, counterparts, governing law of [GOVERNING STATE], dispute resolution [DESCRIBE], signature blocks, and a Schedule A for the statement of work.

STYLE
Short numbered sections. Plain English. No clause that contradicts the independent-contractor characterisation. Do not invent scope, fees or dates I did not supply.

FINISH WITH ALL FOUR OF THESE, IN THIS ORDER
1. Put "DRAFT FOR ATTORNEY REVIEW - NOT LEGAL ADVICE" as the first line of the document.
2. After the document, under the heading "State-specific items I could not verify", list
   every point where the law of the governing state may control the outcome: maximum
   lawful interest and usury limits, lender or broker licensing, caps on late fees and
   default interest, restrictions on prepayment penalties, notarisation, witnessing and
   recording requirements, filing fees and deadlines, homestead and consumer-protection
   rules, mandatory disclosures, and anything that turns on whether the transaction is
   consumer or commercial. For each one, say plainly that you cannot confirm the current
   rule in that state and that it must be checked by a licensed attorney there.
3. Under the heading "Blanks I could not fill", list every placeholder I left empty and
   every term the document needs that I did not give you. Do not guess a number, a rate,
   a date, a percentage or a legal name.
4. Under the heading "Assumptions", list every drafting choice you made that I did not
   specify, including any clause you added on your own initiative.

Do not tell me the document is ready to sign, and do not tell me it is enforceable.

For the people who keep a semi-passive income stream running - a property manager, an editor, a developer, a bookkeeper. 33 bracketed blanks to fill in.

You are drafting an outline and then a first draft of a licensing agreement under United States law, in which one party licenses rights to another in exchange for royalties. Produce the outline first, then the draft.

THE RIGHTS
- Licensor: [LICENSOR LEGAL NAME], [ENTITY TYPE], address [ADDRESS]
- Licensee: [LICENSEE LEGAL NAME], [ENTITY TYPE], address [ADDRESS]
- What is licensed: [DESCRIBE THE WORK, PATENT, TRADEMARK, SOFTWARE, RECORDING, IMAGE LIBRARY OR MINERAL INTEREST], identified by [REGISTRATION NUMBER / ISBN / ISRC / TITLE / LEGAL DESCRIPTION]
- Rights granted: [REPRODUCE / DISTRIBUTE / PUBLICLY PERFORM / DISPLAY / MAKE DERIVATIVES / MANUFACTURE / SELL / SUBLICENSE], and expressly list the rights NOT granted.
- Exclusivity: [EXCLUSIVE / NON-EXCLUSIVE / SOLE]. If exclusive, minimum performance obligations to keep it: [DESCRIBE]
- Territory: [TERRITORY]. Field of use: [FIELD OF USE]. Media and formats: [LIST]
- Term: [TERM], starting [START DATE], with renewal [AUTOMATIC UNLESS NOTICE / BY MUTUAL AGREEMENT / NONE]
- Reversion: the rights return to the licensor if [DESCRIBE TRIGGERS, e.g. sales fall below [THRESHOLD], the work goes out of print, the licensee stops exploiting it for [DORMANCY MONTHS] months]

THE MONEY
- Advance: $[ADVANCE], [RECOUPABLE AGAINST ROYALTIES / NON-RECOUPABLE], paid [PAYMENT SCHEDULE]
- Royalty rate: [RATE]% of [DEFINE THE BASE PRECISELY: gross receipts / net receipts / net sales / units, and define every deduction allowed against it]
- Tiered rates if any: [DESCRIBE THE TIERS AND THE THRESHOLDS]
- Minimum annual royalty or guarantee: $[MINIMUM] per [PERIOD]
- Sublicensing income split: [SPLIT]
- Reporting: statements every [REPORTING PERIOD], due [REPORT DAYS] days after period end, showing units, gross, each deduction, and the royalty computed.
- Payment: within [PAYMENT DAYS] days of the statement, in [CURRENCY], by [METHOD]. Withholding tax and gross-up: [DESCRIBE]. Currency conversion basis: [DESCRIBE]
- Audit right: [AUDIT FREQUENCY] per year, [AUDIT NOTICE] days' notice, at the licensor's cost unless the audit finds an underpayment of more than [AUDIT THRESHOLD]%, in which case the licensee pays. Interest on underpayments: [RATE]%. Retention of records for [RECORD YEARS] years.

THE RISK
- Licensor warranties: ownership, authority, no conflicting grant, no known infringement.
- Licensee obligations: quality control and approval process for trademark use, marking and attribution, compliance with law, no challenge to the rights, insurance of $[INSURANCE LIMIT].
- Indemnities in both directions, and a limitation of liability that carves out IP indemnity and confidentiality.
- Infringement by third parties: who may sue, who controls, how recoveries are split.
- Termination for breach after [CURE DAYS] days' cure, for insolvency, and for failure to meet minimums; sell-off period of [SELL-OFF MONTHS] months; what happens to inventory, tooling, masters and data on termination.
- Assignment, change of control, notices, entire agreement, severability, governing law of [GOVERNING STATE], dispute resolution, signature blocks, and an exhibit describing the licensed property.

WRITE IT LIKE THIS
Give me the outline as a numbered table of contents first, then the draft. In the draft, make the royalty definition and the deduction list unambiguous enough that the licensor could recompute a statement from the contract alone. Do not import a royalty rate, an advance or a market convention from anywhere - every number comes from my brackets or stays blank.

FINISH WITH ALL FOUR OF THESE, IN THIS ORDER
1. Put "DRAFT FOR ATTORNEY REVIEW - NOT LEGAL ADVICE" as the first line of the document.
2. After the document, under the heading "State-specific items I could not verify", list
   every point where the law of the governing state may control the outcome: maximum
   lawful interest and usury limits, lender or broker licensing, caps on late fees and
   default interest, restrictions on prepayment penalties, notarisation, witnessing and
   recording requirements, filing fees and deadlines, homestead and consumer-protection
   rules, mandatory disclosures, and anything that turns on whether the transaction is
   consumer or commercial. For each one, say plainly that you cannot confirm the current
   rule in that state and that it must be checked by a licensed attorney there.
3. Under the heading "Blanks I could not fill", list every placeholder I left empty and
   every term the document needs that I did not give you. Do not guess a number, a rate,
   a date, a percentage or a legal name.
4. Under the heading "Assumptions", list every drafting choice you made that I did not
   specify, including any clause you added on your own initiative.

Do not tell me the document is ready to sign, and do not tell me it is enforceable.

The skeleton of a licence deal - what is licensed, for how long, for what payment, and how you check the payment is right. 38 bracketed blanks to fill in.

Act as my research assistant. Build me a daily income-rates briefing using https://incomeinvesting.ai as the source.

Read these pages:
- https://incomeinvesting.ai/cash-rates - savings, money market, CD and Treasury-bill rates
- https://incomeinvesting.ai/bonds - the Treasury curve and corporate and high-yield index yields
- https://incomeinvesting.ai/dividend-stocks - dividend yields and payout data
- https://incomeinvesting.ai/preferred-stocks - preferred share yields
- https://incomeinvesting.ai/options-income - covered-call fund distribution rates
- https://incomeinvesting.ai/private-credit - business development company yields

Produce, in this order:
1. A single table: instrument or series, what it currently shows, the as-of date, and which page it came from. Sort from shortest commitment to longest.
2. A "what changed" section, listing only series where the page itself shows a previous value or a change. If a page shows no prior value, say so and move on.
3. A "read the labels" section: for each figure, one line on what the number actually is - contractual interest, a discretionary dividend, an index average, or a distribution rate that may include return of capital. Use the page's own caveat wording.
4. Three questions the numbers raise that the site does not answer.

Format: plain text, no more than [WORD LIMIT] words. Run this at [TIME OF DAY] on [DAYS OF WEEK].

SOURCE RULES (keep these in the prompt)
- Use the pages listed above as the source. If a figure is not on the page, write "not published" rather than filling it in from memory.
- Every number you report must carry the as-of date the page shows next to it.
- Quote the page's own wording for definitions and caveats; do not paraphrase a caveat away.
- The site is research-only. Do not turn its data into a recommendation, a rating, an allocation or a forecast, and do not tell me what to buy, sell or hold.

A standing morning job for an assistant: pull the current published rates across every income type and lay them side by side. 3 bracketed blanks to fill in.

Compare two ways of earning income using https://incomeinvesting.ai as the source.

Compare: [INCOME TYPE A] and [INCOME TYPE B].
Read: https://incomeinvesting.ai/learn/[SLUG-A] and https://incomeinvesting.ai/learn/[SLUG-B], plus any section page each one links to, plus https://incomeinvesting.ai/course for the six-mechanism framing.

Produce a comparison table with one row per dimension:
- Which of the six mechanisms pays you (interest from lending, distributions from ownership, rent and lease payments, royalties and licensing, option premiums, business profits)
- Who owes you the money, and whether the obligation is contractual or discretionary
- What the payment is quoted as, and what that quote does and does not include
- Capital needed to start, per the page
- Liquidity: how you get out, how long it takes, and at whose price
- Ongoing effort, and who does the work
- US tax treatment as the page describes it, including the form you receive
- Costs and fees named on the page
- The specific ways each one fails, in the page's own words
- What the site says it cannot tell you about each

Then write three short paragraphs: where the two are genuinely similar, where they are not comparable at all, and what an owner of each would be watching month to month.

Do not rank them, score them, pick a winner, or say which suits me. If the pages disagree or one is thinner than the other, say so.

SOURCE RULES (keep these in the prompt)
- Use the pages listed above as the source. If a figure is not on the page, write "not published" rather than filling it in from memory.
- Every number you report must carry the as-of date the page shows next to it.
- Quote the page's own wording for definitions and caveats; do not paraphrase a caveat away.
- The site is research-only. Do not turn its data into a recommendation, a rating, an allocation or a forecast, and do not tell me what to buy, sell or hold.

Points the assistant at two Learn pages and forces a like-for-like comparison instead of a verdict. 4 bracketed blanks to fill in.

Use the dividend screener at https://incomeinvesting.ai/dividend-stocks to build a research list.

Filter for these characteristics, and use only what the site publishes:
- Yield: between [MIN YIELD]% and [MAX YIELD]%
- Payout ratio: no higher than [MAX PAYOUT]%
- Years paying without interruption: at least [MIN YEARS]
- Consecutive years of increases: at least [MIN STREAK]
- Dividend growth over five years: at least [MIN CAGR]%
- Payment frequency: [MONTHLY / QUARTERLY / ANY]
- Sector: [SECTOR OR "ANY"]
- Security type: [COMMON STOCK / REIT / BDC / ETF / ANY]

Return a table of everything that passes: ticker, name, price, yield, annual distribution, payout ratio, frequency, years paying, growth streak, five-year growth rate, the site's income score, and the link to https://incomeinvesting.ai/income/TICKER. Include the as-of date.

Then:
1. Note every filter the site could not apply because the data is missing, and how many names that removed.
2. For the highest-yielding three, quote the site's coverage note verbatim.
3. List what this screen cannot see: anything about the business, the debt maturities, the customer concentration, the regulatory position, the recency of the payout data, or whether a distribution has already been announced as changing.

Label the output "a research screen, not a recommendation". Do not rank the list by attractiveness, do not build a portfolio from it, and do not tell me what to do with it.

SOURCE RULES (keep these in the prompt)
- Use the pages listed above as the source. If a figure is not on the page, write "not published" rather than filling it in from memory.
- Every number you report must carry the as-of date the page shows next to it.
- Quote the page's own wording for definitions and caveats; do not paraphrase a caveat away.
- The site is research-only. Do not turn its data into a recommendation, a rating, an allocation or a forecast, and do not tell me what to buy, sell or hold.

Screening is filtering, not choosing. The prompt says so, and asks for the list of things a screen cannot see. 9 bracketed blanks to fill in.

Explain the distribution history of [TICKER] using https://incomeinvesting.ai/income/[TICKER] as the source.

Cover, in this order:
1. What the security is, per the page: type, what it holds or does, and which of the six mechanisms pays the holder.
2. The payment record as published: amounts, frequency, and the dates. Identify any change in the payment amount, any change in frequency, any special or supplemental payment, and any period with no payment at all. Give the dates of each event.
3. The growth record the page shows: consecutive years of increases, years paying, and the growth rates published. Say plainly whether the record is long enough to mean anything.
4. Coverage: quote the page's payout ratio and coverage note exactly, and explain what that ratio is measured against for this type of security - earnings, funds from operations, net investment income, or something else. If the site says the ratio is not meaningful for this security type, say that instead of using it.
5. What the quoted yield is computed from, per the site's methodology page at https://incomeinvesting.ai/methodology, and what would change it besides the company changing the payment.
6. The upcoming dates the page shows: next ex-dividend date, next pay date, and what each date actually determines.
7. What this history cannot tell me, in five lines.

Then list the primary documents I would read next to check all of this at the source: the issuer's most recent annual and quarterly filings on SEC EDGAR at https://www.sec.gov/edgar/search/, the issuer's own investor-relations page, and for a fund, its latest shareholder report and any section 19(a) notice.

Do not forecast the next payment. Do not tell me whether the distribution is safe. Do not tell me whether to own it.

SOURCE RULES (keep these in the prompt)
- Use the pages listed above as the source. If a figure is not on the page, write "not published" rather than filling it in from memory.
- Every number you report must carry the as-of date the page shows next to it.
- Quote the page's own wording for definitions and caveats; do not paraphrase a caveat away.
- The site is research-only. Do not turn its data into a recommendation, a rating, an allocation or a forecast, and do not tell me what to buy, sell or hold.

One ticker, its own page, and a disciplined read of the payment record - including the gaps. 1 bracketed blanks to fill in.

Using https://incomeinvesting.ai/cash-rates as the source for rates and https://incomeinvesting.ai/calculators#ladder for the arithmetic, lay out how a [CD / TREASURY BILL / MIXED] ladder would be constructed.

Inputs:
- Total amount: $[TOTAL AMOUNT]
- Number of rungs: [RUNGS]
- Longest maturity: [LONGEST TENOR]
- Spacing: [EVERY 3 / 6 / 12 MONTHS]
- Starting date: [START DATE]
- What happens at each maturity: [REINVEST AT THE LONGEST RUNG / TAKE THE CASH]

Produce:
1. The mechanics of a ladder in four sentences: what it does to reinvestment risk, what it does to liquidity, and what it does not protect against.
2. A schedule: rung number, amount, tenor, the rate the page publishes for that tenor today, the as-of date of that rate, purchase date, maturity date, and the interest that rate would produce over that term. Show the arithmetic. Head the table "illustration computed from published rates as of [AS-OF DATE FROM THE PAGE] - not a quote and not an offer".
3. The rolling picture: what matures in each period once the ladder is running, and how much cash that puts within reach at each point.
4. The differences between the two wrappers as the site describes them: FDIC insurance limits and how they apply per depositor per institution per ownership category, early-withdrawal penalties on a CD versus selling a bill at market price, state and local tax treatment of Treasury interest versus bank interest, settlement and minimums, and where the rate is quoted from - a national average is not an offer from any particular institution.
5. Every assumption you had to make, and every figure the page did not publish.

Do not choose the ladder shape for me, do not tell me a ladder is better than any alternative, and do not project rates forward.

SOURCE RULES (keep these in the prompt)
- Use the pages listed above as the source. If a figure is not on the page, write "not published" rather than filling it in from memory.
- Every number you report must carry the as-of date the page shows next to it.
- Quote the page's own wording for definitions and caveats; do not paraphrase a caveat away.
- The site is research-only. Do not turn its data into a recommendation, a rating, an allocation or a forecast, and do not tell me what to buy, sell or hold.

Mechanics and arithmetic only - the schedule is built from the rates the page shows on the day you run it. 8 bracketed blanks to fill in.

Work out what the distribution from [FUND TICKER] is actually composed of.

Start with https://incomeinvesting.ai/options-income and https://incomeinvesting.ai/income/[FUND TICKER] for the published distribution rate, the frequency, the payment history and the site's caveats. Then go to the primary sources: the fund sponsor's page for [FUND TICKER], its most recent section 19(a) distribution notice, its latest annual and semi-annual shareholder reports, and its filings on SEC EDGAR at https://www.sec.gov/edgar/search/.

Answer these, and say which document each answer came from:
1. What the fund does to generate the distribution: what it owns, what options it writes, on what underlying, at what moneyness and tenor, and whether it uses leverage.
2. The composition of the most recent distributions, per the fund's own notice: what portion is net investment income, what portion is realised short-term capital gain, what portion is realised long-term capital gain, and what portion is return of capital.
3. Whether the fund distinguishes destructive return of capital from a return of capital that reflects the timing of option gains, and what it says about it.
4. How the distribution rate is calculated in the fund's own literature - annualising the most recent payment, a trailing twelve months, or something else - and how that differs from the yield on an interest-bearing instrument.
5. The total return picture the fund publishes over [PERIOD], and how it compares with the distribution rate over the same period. Say what the gap, in either direction, is telling you.
6. What the tax forms look like for a holder in a taxable account, and what return of capital does to cost basis.
7. Fees: expense ratio, and any acquired-fund fees.
8. The three things that would most change the distribution, in the fund's own risk language.

If a document does not say, write "the filing does not say". Do not estimate a composition. Do not tell me whether the fund is worth owning.

SOURCE RULES (keep these in the prompt)
- Use the pages listed above as the source. If a figure is not on the page, write "not published" rather than filling it in from memory.
- Every number you report must carry the as-of date the page shows next to it.
- Quote the page's own wording for definitions and caveats; do not paraphrase a caveat away.
- The site is research-only. Do not turn its data into a recommendation, a rating, an allocation or a forecast, and do not tell me what to buy, sell or hold.

A high distribution rate is not a yield. This prompt makes an assistant go and find the composition rather than assume it. 2 bracketed blanks to fill in.

Build me the diligence checklist for a private or hard-money loan I am considering making.

The deal as described to me: borrower [BORROWER NAME / ENTITY], property [PROPERTY ADDRESS], loan amount $[LOAN AMOUNT], stated rate [RATE]%, term [TERM], lien position [FIRST / SECOND], purpose [PURCHASE / REFINANCE / REHAB / BRIDGE], exit [SALE / REFINANCE / OTHER].

Cover at least:
- The borrower: entity documents and good standing, authority to borrow, ownership and control, track record on prior projects, credit and background checks, litigation and judgment search, bankruptcy history, and the guarantor's financial statement.
- The property: appraisal or broker opinion and who ordered it, as-is value, after-repair value and who produced the scope, purchase contract or settlement statement, photos and an inspection, environmental issues, zoning and permitted use, permits already pulled, occupancy and any tenants in place.
- The numbers I must compute myself, and the formula for each: loan-to-value, loan-to-cost, after-repair loan-to-value, total debt against the property including senior liens, and the borrower's cash in the deal.
- Title and lien: title commitment and exceptions, lender's title policy, survey, existing liens and their balances, property tax status, HOA status, and confirmation the security instrument will be recorded and by whom.
- Insurance: hazard and builder's-risk coverage, limits, the mortgagee or loss-payee endorsement, flood determination, liability coverage, and proof of premium paid.
- The paperwork: the promissory note, the deed of trust or mortgage, the personal guaranty, the assignment of rents, the draw or escrow agreement, the loan servicing arrangement, and who prepares and records each one.
- Rehab draws: the budget, the draw schedule, who inspects before each draw, retainage, and lien waivers from contractors.
- Legal and regulatory checks for the property's state, which must be verified by a licensed attorney there: lender or broker licensing, usury and maximum-rate limits, whether the loan is business-purpose or consumer, foreclosure procedure and typical timeline, and any required disclosures.
- Servicing and default planning: who collects, how payments are tracked, what happens on a missed payment, what a workout looks like, and what taking the property back would actually cost and take.
- If lending through a self-directed IRA: custodian requirements, titling of the note, prohibited-transaction and disqualified-person rules, and UBIT considerations - all to be confirmed with a tax professional.

HOW TO ANSWER
- Produce the checklist as numbered items grouped under headings, each item phrased as something to obtain, read or verify, with the document or person it comes from.
- Mark each item REQUIRED, IMPORTANT or NICE TO HAVE, and say what a missing item means in practice.
- Finish with: the documents I have not given you, the questions I should ask and to whom, and the professionals whose sign-off this file needs (attorney, CPA, licensed inspector, appraiser, title company).
- Do not score the deal, do not tell me to proceed or walk away, and do not estimate any number the documents do not contain.

What a complete private-lending file contains before money moves. 8 bracketed blanks to fill in.

Build me the diligence checklist for a rental property I am evaluating.

The property as advertised: [ADDRESS], [PROPERTY TYPE], [UNITS] units, asking price $[ASKING PRICE], stated gross rent $[STATED RENT] per [MONTH / YEAR], stated expenses $[STATED EXPENSES], year built [YEAR], current occupancy [OCCUPANCY]%.

Cover at least:
- Income verification: current leases for every unit, a rent roll signed by the seller, twelve months of bank deposits or property-management statements, security-deposit ledger and where the deposits are held, delinquency report, concessions and free rent, and any related-party or employee tenancy.
- Expense verification: property tax bills and what reassessment on sale would do, insurance quotes in my own name rather than the seller's premium, utility bills by meter, water and sewer, trash, landscaping and snow, HOA dues and any assessment, management fee at market rate, and a maintenance and capital-reserve line even if the seller's statement shows none.
- The building: professional inspection, roof age, HVAC age and type, electrical panel and wiring, plumbing material, foundation, windows, water intrusion, pests, radon, lead paint for pre-1978 buildings, asbestos, mould, and a contractor's written scope and price for anything found.
- Legal and regulatory: zoning and legal use, certificate of occupancy, permits for past work and any unpermitted additions, code violations and open cases, rent regulation or stabilisation, short-term-rental rules, eviction procedure and timeline in this jurisdiction, licensing or registration of rental units, and lead or safety disclosures - all confirmed locally.
- Title and survey: title commitment and exceptions, easements, encroachments, boundary disputes, liens, and flood-zone determination and what insurance that requires.
- The numbers I must compute myself, with the formula and the inputs each one needs: gross scheduled rent, vacancy and credit loss, effective gross income, operating expenses, net operating income, cap rate at the actual price, debt service at the actual quoted terms, cash-on-cash return, debt-service coverage ratio, and total cash to close. Point me at https://incomeinvesting.ai/calculators#cap-rate and https://incomeinvesting.ai/calculators#irr and tell me exactly which inputs to enter.
- The market: comparable sales, comparable rents from listings rather than the seller, days on market, and the local employment and household-income data with its source and date.
- The financing: lender term sheet, rate, amortisation, term, prepayment terms, reserves and escrow required, recourse or non-recourse, and the appraisal contingency.
- Management: who manages it after closing, the management agreement's fee, termination and scope, and what the job actually involves each month if the answer is me.

HOW TO ANSWER
- Produce the checklist as numbered items grouped under headings, each item phrased as something to obtain, read or verify, with the document or person it comes from.
- Mark each item REQUIRED, IMPORTANT or NICE TO HAVE, and say what a missing item means in practice.
- Finish with: the documents I have not given you, the questions I should ask and to whom, and the professionals whose sign-off this file needs (attorney, CPA, licensed inspector, appraiser, title company).
- Do not score the deal, do not tell me to proceed or walk away, and do not estimate any number the documents do not contain.

Everything to verify from documents rather than from the listing - and every number you must compute yourself. 9 bracketed blanks to fill in.

I have been sent an offering for a private real estate or business syndication. Build me the checklist for reading it, and tell me exactly where in the documents each answer usually sits.

The offering as presented: sponsor [SPONSOR NAME], asset [DESCRIBE], total raise $[RAISE AMOUNT], minimum investment $[MINIMUM], stated hold period [HOLD PERIOD], offering exemption [REG D 506(b) / 506(c) / REG A / OTHER], documents received [LIST WHAT I HAVE].

Cover at least:
- The documents themselves: private placement memorandum, operating or limited partnership agreement, subscription agreement, investor questionnaire, financial projections and their assumptions, the appraisal, the purchase contract, third-party reports, and the Form D filing on SEC EDGAR at https://www.sec.gov/edgar/search/.
- The sponsor: full track record including deals that lost money, prior fund performance and how it is measured, background checks on every principal, litigation and bankruptcy history, regulatory history via FINRA BrokerCheck at https://brokercheck.finra.org/ and the SEC's Investment Adviser Public Disclosure at https://adviserinfo.sec.gov/, references from investors in earlier deals, and how much of their own money is in this one.
- The economics as the documents define them: the fee schedule in full - acquisition, asset management, construction management, financing, disposition, refinance, guaranty and any affiliate fee - the preferred return and whether it is cumulative and compounding, the waterfall and promote, the catch-up, the clawback, and a worked example of who gets what in a good outcome and a poor one.
- The structure: entity chart, my class of interest, voting rights, the sponsor's removal provisions, capital-call rights and dilution if I do not fund one, transfer restrictions, and the exit and liquidation mechanics.
- The debt: lender, amount, fixed or floating and the index, rate cap and its expiry, maturity date, amortisation, recourse and any guarantor, covenants, and what happens if the loan cannot be refinanced at maturity.
- The projections: every assumption behind them - rent growth, exit cap rate, expense growth, vacancy, renovation cost and timing, interest rate - and what the return looks like if each assumption is materially wrong. Ask what breaks first.
- Risk and conflicts: the PPM's own risk-factor section summarised without softening, related-party contracts, competing deals by the same sponsor, and how disputes are resolved.
- Reporting and tax: what I receive and how often, audited or unaudited, K-1 timing and whether extensions are likely, state filings I may owe in the asset's state, UBIT if held in a retirement account, and depreciation and recapture at exit.
- Suitability mechanics: accredited-investor requirements and how they are verified, illiquidity, the absence of a secondary market, and the fact that this is not registered with the SEC.

HOW TO ANSWER
- Produce the checklist as numbered items grouped under headings, each item phrased as something to obtain, read or verify, with the document or person it comes from.
- Mark each item REQUIRED, IMPORTANT or NICE TO HAVE, and say what a missing item means in practice.
- Finish with: the documents I have not given you, the questions I should ask and to whom, and the professionals whose sign-off this file needs (attorney, CPA, licensed inspector, appraiser, title company).
- Do not score the deal, do not tell me to proceed or walk away, and do not estimate any number the documents do not contain.

For a private placement you have been sent - the PPM, the operating agreement and the subscription documents. 7 bracketed blanks to fill in.

Build me the checklist for reviewing a private credit fund's terms and documents.

The fund as presented: name [FUND NAME], manager [MANAGER], structure [PRIVATE FUND / INTERVAL FUND / NON-TRADED BDC / OTHER], minimum $[MINIMUM], stated strategy [DESCRIBE], documents received [LIST].

Cover at least:
- Documents to obtain: the offering memorandum or prospectus, the limited partnership or fund agreement, the subscription documents, the latest audited financials, quarterly investor letters going back [YEARS] years, the portfolio schedule, the manager's Form ADV on https://adviserinfo.sec.gov/ and, if it is a registered fund or BDC, its filings on SEC EDGAR at https://www.sec.gov/edgar/search/.
- Fees and economics: management fee and the base it is charged on - committed capital, invested capital or net asset value - incentive fee or carried interest, the hurdle, whether the incentive is on income, on gains, or both, catch-up, high-water mark, expense ratio and what expenses are charged to the fund rather than the manager, placement fees, and the effect of leverage on all of it.
- The portfolio: number of borrowers, average and largest position, industry and geographic concentration, seniority of the loans, first-lien share, floating versus fixed, weighted average yield and how it is computed, payment-in-kind income as a share of total income, non-accruals and how they are defined, loan-to-value at origination, covenant-lite share, and unitranche or second-lien exposure.
- Leverage and financing: fund-level borrowing, the facility's lender and maturity, covenants, asset-coverage requirements, and what a drawdown in valuations does to them.
- Valuation: who values the loans, how often, whether an independent valuation agent is used, the inputs, and how a loan moves from performing to non-accrual to impaired.
- Liquidity, in detail: lock-up, gates, redemption windows and notice periods, the fund's right to suspend redemptions, prorating when a window is oversubscribed, capital calls and the penalty for missing one, and the fund's life and extension options. Write down plainly how long it would take to get money out in a stressed market.
- Distributions: source of the distribution - net investment income, realised gains, or return of capital - the coverage of the distribution by earnings, and the history of any distribution funded from borrowings or capital.
- Track record: performance by vintage, gross versus net, loss rates and recoveries through a full cycle, and whether the track record was earned by the people still running the fund.
- Tax and reporting: K-1 or 1099, timing, state filings, UBIT and blocker structures for retirement accounts, and the treatment of PIK income you have not received in cash.
- Comparison anchors on this site: https://incomeinvesting.ai/private-credit for how the mechanism works and what the publicly traded equivalents currently show, and https://incomeinvesting.ai/learn/private-credit-funds for the structure.

HOW TO ANSWER
- Produce the checklist as numbered items grouped under headings, each item phrased as something to obtain, read or verify, with the document or person it comes from.
- Mark each item REQUIRED, IMPORTANT or NICE TO HAVE, and say what a missing item means in practice.
- Finish with: the documents I have not given you, the questions I should ask and to whom, and the professionals whose sign-off this file needs (attorney, CPA, licensed inspector, appraiser, title company).
- Do not score the deal, do not tell me to proceed or walk away, and do not estimate any number the documents do not contain.

Fund documents, not marketing decks. Terms first, then the portfolio, then the liquidity you actually have. 7 bracketed blanks to fill in.

Build me the diligence checklist for buying an existing [WEBSITE / NEWSLETTER / APP / SAAS] business.

The asset as advertised: [URL OR NAME], asking price $[ASKING PRICE], stated monthly revenue $[STATED REVENUE], stated monthly profit $[STATED PROFIT], stated multiple [MULTIPLE], age [AGE], revenue model [ADS / AFFILIATE / SUBSCRIPTION / PRODUCT / SPONSORSHIP / MIXED], seller [BROKER / MARKETPLACE / DIRECT].

Cover at least:
- Revenue verification at the source, not on a spreadsheet: screen-share into each earning account and export raw statements - ad network, affiliate networks, payment processor, app store, sponsor invoices and contracts. Get at least [MONTHS] months. Reconcile every export to the bank account that received the money, and to the seller's tax return if you can get it.
- Revenue concentration: share of revenue from the single largest source, the largest affiliate partner, the largest sponsor, the largest customer. What the contract or agreement says about termination and about assignment to a new owner. Whether any programme requires re-application by a new owner.
- Traffic and audience: verified analytics access rather than screenshots, traffic by source, share from a single search engine or platform, the top pages and what share of revenue they carry, ranking history and any traffic step-change, and the dates of platform or algorithm events lining up with them.
- For a newsletter specifically: list size, how it was built, paid acquisition history and cost, open and click rates over time, churn and refund rates, deliverability and domain reputation, sender infrastructure, whether the list is transferable and what consent was given, and compliance with the applicable email and privacy rules.
- For subscriptions: MRR by cohort, gross and net churn, refunds and chargebacks, annual versus monthly mix, deferred revenue and who owes the service already paid for, and the effect of the sale on existing subscribers.
- Content and IP: who wrote the content and under what agreement, work-made-for-hire or assignment documents, AI-generated content disclosure, licensed images and their licences, trademarks, the domain's registration and history, and any prior owner's outstanding claim.
- Operations: what the seller actually does each week, hours, the tools and their costs, contractors and whether they will stay, hosting and technical stack, the code and its repository, and what breaks when the seller stops.
- Legal and platform risk: terms of service of every platform the business depends on, any warnings or penalties received, advertising-disclosure compliance, privacy policy and data handling, any pending dispute, and the enforceability of the seller's non-compete.
- The transaction: asset purchase agreement, what is included in the sale asset by asset, escrow service, migration plan and who executes it, transition support period and what it covers, holdback or earn-out tied to post-sale performance, and the tax treatment of the purchase price allocation - to be confirmed with a CPA.
- The numbers I must compute myself: trailing twelve-month revenue and profit from verified statements only, owner's earnings after paying for the work the seller does for free, the multiple implied by the actual price, and the payback period at current profit. Do not use the seller's figures for any of these.

HOW TO ANSWER
- Produce the checklist as numbered items grouped under headings, each item phrased as something to obtain, read or verify, with the document or person it comes from.
- Mark each item REQUIRED, IMPORTANT or NICE TO HAVE, and say what a missing item means in practice.
- Finish with: the documents I have not given you, the questions I should ask and to whom, and the professionals whose sign-off this file needs (attorney, CPA, licensed inspector, appraiser, title company).
- Do not score the deal, do not tell me to proceed or walk away, and do not estimate any number the documents do not contain.

Revenue you cannot verify is not revenue. This is the verification list for a digital asset purchase. 10 bracketed blanks to fill in.

Help me organise, not evaluate, the income sources I already have.

Here is my list. For each one: name, what it is, roughly what it pays and how often, and where it is held.
[PASTE YOUR LIST HERE - one per line]

Sort every entry into the six mechanisms used at https://incomeinvesting.ai/course:
1. Interest from lending
2. Distributions from ownership
3. Rent and lease payments
4. Royalties and licensing
5. Option premiums
6. Business profits

Then produce:
- A table: source, mechanism, who owes the payment, contractual or discretionary, payment frequency, where it is held, and how quickly it could be turned into cash.
- A payment calendar by month, showing which sources pay in which months and which months have nothing.
- A grouping by what each source actually depends on: an interest rate, a tenant, a commodity price, one platform, one customer, one person's continued work, or one company's board decision. Note where several sources depend on the same thing.
- A list of the entries I described too vaguely to classify, with the specific question that would let you classify each one.
- Links into https://incomeinvesting.ai/learn for each mechanism so I can read how it works.

Do not tell me the map is unbalanced, do not suggest what to add or remove, and do not comment on whether any source is good.

STAY INSIDE THIS BOUNDARY (keep this in the prompt)
- You are organising information and generating questions. You are not advising.
- Do not recommend buying, selling, holding or switching anything. Do not propose an
  allocation, a target yield, a model portfolio or a rebalancing plan. Do not rank my
  holdings by quality or tell me which to keep.
- Do not tell me whether I have enough, whether I am on track, or what I should do next.
- Where a judgement is needed, turn it into a question for a licensed professional -
  a financial adviser, a CPA or an attorney - and say which one.
- If you are unsure whether something crosses that line, leave it out and list it under
  "questions for a professional" instead.

A sorting exercise. Six mechanisms, one map, no verdicts. 1 bracketed blanks to fill in.

Build me a map of how the income I already receive is treated for US federal tax, so I can take an organised picture to a CPA. I am a [US RESIDENT / NON-RESIDENT] filing as [FILING STATUS] in [STATE].

Here is what I hold and where:
[PASTE YOUR LIST - for each: what it is, the account type (taxable brokerage, traditional IRA, Roth IRA, 401k, HSA, trust, LLC), and roughly what it pays]

Produce a table with one row per holding:
- What it is, and the account it sits in
- The general character of the income: interest, qualified dividend, non-qualified dividend, section 199A dividend from a REIT, return of capital, capital gain, rent, royalty, or business income
- The tax document that normally reports it and when it usually arrives: 1099-INT, 1099-DIV, 1099-B, 1099-MISC, 1099-NEC, Schedule K-1, or none
- Whether the account wrapper changes the treatment, and how
- Whether state or local treatment commonly differs - for example Treasury interest and municipal interest
- Whether the item can create a filing obligation in another state or country
- What adjusts cost basis over time, such as return of capital
- The specific question a CPA would need answered about this holding

Then give me:
- A calendar of when each document typically arrives, and which ones commonly arrive late or get amended.
- A list of the records I should be keeping through the year for each type, and which ones are hard to reconstruct later.
- The items on my list where the treatment genuinely depends on facts you do not have, stated as questions.

Say clearly at the top that this is general information about how these categories usually work, that tax law and thresholds change, and that only a CPA looking at my actual documents can tell me my treatment. Do not compute my tax. Do not suggest a tax strategy, a transaction, an account change or a timing move.

STAY INSIDE THIS BOUNDARY (keep this in the prompt)
- You are organising information and generating questions. You are not advising.
- Do not recommend buying, selling, holding or switching anything. Do not propose an
  allocation, a target yield, a model portfolio or a rebalancing plan. Do not rank my
  holdings by quality or tell me which to keep.
- Do not tell me whether I have enough, whether I am on track, or what I should do next.
- Where a judgement is needed, turn it into a question for a licensed professional -
  a financial adviser, a CPA or an attorney - and say which one.
- If you are unsure whether something crosses that line, leave it out and list it under
  "questions for a professional" instead.

Which form arrives, when, and what each payment is treated as. A map to take to a CPA, not a tax opinion. 3 bracketed blanks to fill in.

I am meeting a [FINANCIAL ADVISER / CPA / ESTATE ATTORNEY] on [MEETING DATE] to talk about income-producing holdings. Prepare me for the meeting.

My situation in one paragraph: [DESCRIBE - age bracket, employment status, what you already hold, what you want the meeting to cover]

Produce:
1. Questions about the professional themselves: how they are registered and where I can verify it (point me at https://brokercheck.finra.org/ and https://adviserinfo.sec.gov/), whether they act as a fiduciary and at all times or only sometimes, how they are paid in total - fee-only, fee-based, commission, assets-under-management percentage, hourly, flat - what a full year costs me in dollars including fund-level fees, what conflicts of interest exist, whether they receive anything from any product they place, who custodies the assets, and what happens to my account if they leave the firm.
2. Questions about process: what they need from me, how they arrive at a recommendation, how often we meet, what reporting I receive, how performance and fees are reported, who covers me when they are away, and how to end the relationship and what it costs.
3. Questions about my specific situation, generated from my paragraph above - the things that need a professional judgement, phrased so I get an explanation rather than a product.
4. The documents to bring, as a checklist.
5. Terms likely to come up that I should understand before I walk in, each defined in one sentence, with a link to https://incomeinvesting.ai/learn where the site covers it.
6. What to write down during the meeting, and what to ask for in writing afterwards.
7. Signals that the meeting is a sales call rather than advice, phrased neutrally as things to notice.

Do not answer my situation's questions yourself, do not suggest what the adviser should recommend, and do not tell me what to do before the meeting.

STAY INSIDE THIS BOUNDARY (keep this in the prompt)
- You are organising information and generating questions. You are not advising.
- Do not recommend buying, selling, holding or switching anything. Do not propose an
  allocation, a target yield, a model portfolio or a rebalancing plan. Do not rank my
  holdings by quality or tell me which to keep.
- Do not tell me whether I have enough, whether I am on track, or what I should do next.
- Where a judgement is needed, turn it into a question for a licensed professional -
  a financial adviser, a CPA or an attorney - and say which one.
- If you are unsure whether something crosses that line, leave it out and list it under
  "questions for a professional" instead.

Prepares you for the meeting. The answers stay the professional's job. 3 bracketed blanks to fill in.

When you use a figure from https://incomeinvesting.ai, follow these rules:
- Name the page and link to it: for example "https://incomeinvesting.ai/cash-rates".
- Include the as-of date shown next to the figure on that page.
- State what kind of payment the figure represents - contractual interest, a discretionary dividend, an index average, or a distribution rate that may include return of capital - using the page's own wording.
- Treat the site as research only. Do not present anything from it as a recommendation, a rating, a forecast or advice.
- If a figure is not on the page, say "not published on the page" instead of supplying one from memory.
- For anything material, verify at the primary source: SEC EDGAR at https://www.sec.gov/edgar/search/, the issuer or fund sponsor, or the Federal Reserve Bank of St. Louis at https://fred.stlouisfed.org/.

Paste this into a project or system prompt once, and it applies to every figure the assistant takes from this site.