Basic Contract - Document Skill - ABBYY Documentation

The Basic Contract skill extracts data from contract documents — including lease agreements, loan applications, loan agreements, service agreements, and supply contracts — surfacing parties, dates, amounts, and other key terms. The Basic Contract skill is a preview skill. It has been trained on a limited set of documents and is designed to help you quickly get started with processing basic contracts.

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

​Countries and Languages

​Extracted Fields

​Party (repeating group)

​Key Fields

Countries and Languages

Extracted Fields

Party (repeating group)

Key Fields