Important. The Basic Contract skill cannot be trained on additional documents.The Basic Contract skill recognizes handwritten text. This option is enabled by default. If you do not import handwritten forms, disable the Handwritten option in the skill settings.
Countries and Languages
| Countries | Languages |
|---|---|
| USA | English |
Extracted Fields
| Field | Description |
|---|---|
| Title | The title of the contract. |
| Deal Amount | The amount or value of the contract. |
| Agreement Date | The date on which the contract was officially executed or agreed upon by the parties. |
| Effective Date | The start date of the contract. |
| Expiration Date | The expiration date of the contract. |
| Initial Term | The initial period of time for which the contract will be in effect before any renewal or extension options are considered. |
| Renewal Term | The additional period of time for which the contract can be extended or renewed after the initial term has expired. |
| Governing Law | The jurisdiction that will govern the interpretation, enforcement, and resolution of any disputes or legal issues arising from the contract. |
| Security Deposit | The amount of money that the party providing the security deposit is required to pay. |
| Insurance Clause | The insurance requirements and responsibilities of the parties. |
| Limitation of Liability | The maximum monetary amount for which a party can be held liable in the event of a breach or dispute. |
| Confidentiality Clause | The terms and conditions regarding the confidentiality of the information shared between the parties. |
| Indemnity Clause | The terms and conditions related to indemnification. |
| Non Compete Clause | The activities or businesses that a party or parties are prohibited from engaging in. |
Party (repeating group)
| Field | Description |
|---|---|
| Organization Name | The legal name of a party. |
| Person Name | The name of the individual who represents or acts on behalf of a party. |
| Role | The role of a party. Examples of roles include seller, buyer, service provider, or client. |
| Address | The address of a party. |
Key Fields
- Title
- Party/Organization Name
- Party/Person Name
- Agreement Date
- Effective Date