Operations Contract Extraction Legal

Extract Contract Information with AI

Parties, effective date, term, payment, termination notice, governing law — key terms into a contract register, with "unknown" marking every gap loudly.

Overview

Contract review at register scale is an extraction problem: every agreement needs the same key terms on file. This setup pulls parties (every name in the preamble, exactly as written), effective_date in ISO format, term_length and termination_notice as durations with their units, payment_amount as a bare number, and governing_law — under the strictest settings on the tool: no inference at all, and missing values returned as the literal "unknown" so a human reviewer sees every gap instead of skimming past a null. Legal text punishes guessing; this prompt forbids it.

How to use this resource

  1. Generate and run per agreement

    One contract per call; the preamble guidance tells the model where parties and defined terms live.

  2. Read the "unknown"s first

    Return Unknown turns every gap into a visible flag — the missing termination clause is the finding, not a blank.

  3. Keep durations as written

    term_length and termination_notice keep their units ("24 months", "30 days") — no unit math, no conversion errors.

Why This Works

  • Strict no-inference policy matches the cost asymmetry of legal data
  • "Unknown" beats null when a human must notice what the contract never says
  • Preamble-aware guidance finds parties where contracts actually put them

Best for

  • Legal-ops teams filing many agreements into one register
  • Renewals tracking driven by effective dates and term lengths
  • Reviews where a visible "unknown" must trigger a human read

Not for

  • Legal interpretation — what a clause means is a lawyer's question, not an extraction
  • Clause-by-clause analysis — this extracts register fields, not the whole document

Use cases

  • Building a contract register with the same key terms per agreement
  • Flagging agreements where the termination notice was never stated
  • Extracting party names exactly as the preamble writes them

FAQ

Why does the contract extraction prompt return the word 'unknown' instead of leaving a field blank?

Missing fields come back as the literal string 'unknown', never null or an empty value, so a reviewer scanning the register sees an explicit flag rather than skimming past a gap. The generated prompt also restricts 'unknown' to genuinely absent terms, so a contract with no termination_notice clause reads as a finding, not an oversight.

How does the extracted payment_amount get formatted, and can I keep the currency symbol?

payment_amount comes out as a bare numeric value only, so 1840.5 rather than '$1,840.50' or 'EUR 1.840,50' — the rules strip currency symbols and thousands separators. If you need the currency preserved, edit the generated prompt to add a separate currency field, since this one deliberately isolates the number for register math.

Will the AI convert term_length and termination_notice into a common unit like days?

It keeps durations exactly as written with their original units — '24 months' stays '24 months', '30 days' stays '30 days' — because the rules forbid unit math or conversion. That avoids conversion errors, but means any sort or comparison across the register has to normalize those units yourself before the values line up.

Can the generated prompt infer an effective date or governing law that a contract only implies?

It won't — the ambiguity policy treats any value that's implied but not explicitly stated as missing, and the effective_date rule only uses ISO format (YYYY-MM-DD) when the date is actually determinable, otherwise extracting it as written. Because the tool builds a no-inference prompt, accuracy still depends on the source text; verify borderline fields yourself in whichever assistant you run it in.

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