Phrasal verbs are usually two-word phrases consisting of a verb + adverb or a verb + preposition. Since there are so many, it's best to study them as you encounter them rather than trying to memorize many at once.
In business, there are always formal documents to review, contracts to sign, and plans to prepare, and the phrasal verb most commonly used for these activities is draw up. To draw up something (or draw something up) is to prepare a plan, proposal, agreement, or other document in detail.
The architect has drawn up plans for a new Las Vegas hotel.
I've drawn up an employment contract for you to sign.
I asked my team to draw up a chart comparing the benefits of our product to those of our competitor.
Have you drawn up any official documents for your job?
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