As standard, we like to get a general understanding before any further engagement. A 'project teaser', may be readily sent. Once received and engaged, further communication commences if necessary to gain further clarity.
Our standard intake form is then sent over with a list of necessary documents to be prepared. Once filled out & documents are submitted to standard, our preliminary analysis begins.
Generally, 3-5 business days for full digestion. Further questions and conversations relevant to preliminary are exchanged. Once any further requested documentation is sent over to satisfaction & all has been answered, we move into our discovery process.
Further reviewal is underway with a now 'complete' deal package. General conversations begin regarding potential solutions & cost. This can be considered as an expanded stage of our 'internal preliminary'.
Once expectations are set with full mutual understanding, we engage in an advisory agreement with our clients, outlining our cost up-front, & likewise at closing.
This is the stage where we take the entirety of the request and begin presenting it to relevant direct partners. depending on the request, this stage can take hundreds of hours. Communication continues between NJL & client as further due diligence begins.
At this stage, we start closing in on 'firm' preliminary terms. Further documentation & questions may be asked in preparation.
Preliminary terms with pre-funding due diligence are sent over. Any additional upfront cost will then be due directly. We generally will have multiple term offerings to review, depending on the project & complexity.
We begin final review due diligence as relevant documents are requested & all 3rd party services are fully engaged.
Pre-funding terms are sent for review & signature. In many cases these are the same terms soft terms, with variances in 3rd party costs and any other communicated area of assessed volatility.
In this stage, legal is fully underway in preparing the arrangement for signatures. A title office is used when relevant and can also be in conjunction. Representation can be common for all parties.
Parties then meet at the designated law office for formal signatures. Our services are commonly paid at closing or can be due up to 2 days prior to disbursement of funds.