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The words "draw" and "up" take on a new meaning when you put them together. The idiomatic phrase "draw up" is usually used to talk about plans or contracts. It means to prepare a written document with details of a plan or arrangement.
Draw up can be used in any tense. Here are some examples of how to use it:
- Let's meet for lunch and draw up a plan for the next steps.
- We drew up the contract last week.
You can also separate "draw" and "up" with a pronoun (usually "it" or "them"):
A: Have you drawn up the rental agreement yet?
B: No. We'll draw it up next week.