Contract metadata extraction use cases
In contract metadata extraction, use cases specify the information that you want Now Assist to detect in a document.
The CM Pro-Contract Metadata Extraction use case is available with the Contract Management Pro - Prime base system. This use case is not editable.
Note: If you create your own use case or customize a copy of an available use case, be sure to test it thoroughly to verify accuracy.
The following fields are configured in the CM Pro-Contract Metadata Extraction use case for metadata extraction.
| Field | Description | Default Target Field |
|---|---|---|
| Other party name | The name of the company selling services or goods. | None |
| Internal party name | The name of the company buying services or goods. | vendor |
| Effective date | The date from which the contract becomes effective. | starts |
| End date | The date when the contract is set to expire. | ends |
| Contract number | A unique identifier for the contract. | vendor\_contract |
| Payment terms | The conditions under which payments are to be made. | invoice\_payment\_terms |
| Governing law | The jurisdiction under which the contract will be governed. | governing\_law |
| Contract duration | The duration for which a contract is valid. | contract\_duration |
| Currency | The currency in which the contract is denominated. | None |
| Contract value | The total value of the contract. | payment\_amount |
| Termination notice period | The notice period required to inform the other party prior to contract termination. | termination\_notice\_days |
| Termination fees | The fees payable if the contract is explicitly terminated for convenience and the contract mentions that such termination includes a payment. | termination\_fees |
| Payment frequency | The time interval for making a payment or generating invoice. | payment\_schedule |
| Late payment fees | The fees payable for late payment. | late\_payment\_fees |
| Most favored nation available | Availability of clause that covers the most favored nations in the contract document. | most\_favorite\_nation\_applicable |
| Renewal limit | The maximum percentage increase allowed on a contract’s fee during an annual automatic renewal. | renewal\_cap |
| Liability limit | The maximum amount that a party is obligated to pay in the event of a claim, loss, or breach under a contract. | liability\_cap |
| Includes affiliates | Availability of clause that specifies whether the terms and conditions also extend to the affiliated companies \(in other words, Entities controlled by, controlling, or under common control with a party\) of the primary contracting party. | affiliates\_included |
| Termination for convenience applicable | Availability of clause that indicates whether a party has the right to end a contract at any time, without reason. | termination\_for\_convience\_rights |
| Publicity restriction applicable | Availability of clause that restricts either party from publicly disclosing the existence, terms, or details of the agreement without prior written consent. | is\_publicity\_restricted |
| Termination for cause | The clause that specifies the reason for termination of contract by a party if the other party fails to meet key obligations. | termination\_for\_cause |
| Force Majeure applicable | Availability of clause that protects parties from liability if they are unable to meet obligations due to extraordinary events beyond their control. | is\_force\_majeure\_applicable |
| Renewal notice period | The notice period to renew a contract. | renewal\_notice\_period |
| Renewal termination notice period | The notice period to terminate the renewal of a contract. | termination\_notice\_period |
| Auto renewal clause available | Availability of clause that indicates if the contract renews by default unless someone takes an action to terminate it. | has\_auto\_renewal\_clause |
Parent Topic:Create use cases for contract metadata extraction