Drupal 7 rules component: automatic term to node cloning and synchronization

Development of a rule for the rules modules which does the following: After creating a term of a given vocabulary and a given parent term... - creating a node of a give node type with the term as term references and as node title, and the term description as node description. After updating a term of a given vocabulary and a given parent term...... - checking if a node of a give node type exists with this term as term reference if true - updating the node of a give node type with the term as term references and as node title, and the term description as node description. else - creating a new node of a give node type with the term as term references and as node title, and the term description as node description.