Provisions
Conga's AI helps you learn the details of your contracts, enabling your business to make better decisions. It uncovers and extracts key information from commercial agreements, unstructured contracts, and related documents, helping track contract management information.
Provisions are information that Conga's AI has been trained to identify in document contents, automatically populating field results. Conga's Advantage AI is trained to extract over 1,200 common legal clauses, provisions, and data points from more than 130 document types.
Built-in provisions are pre-loaded in Discovery AI and work without added configuration. These fields are not modifiable, so adding or removing results for a given built-in field does not affect its future behavior. Trained by experienced lawyers and domain experts, these provisions are regularly maintained, and we regularly add built-in provisions to our library based on market changes and customer demand.
Because our customers are from many different industries, we intentionally build our provisions broadly, training the provisions on a variety of document types in various governing jurisdictions. Each provision contains a description describing what the provision is trained to capture and the types of documents it has been trained on. Before release, each provision is rigorously tested on a holdout set of documents that the provision was not previously trained on, ensuring our understanding of its behavior and its effectiveness on unfamiliar documents.
Getting the Most out of Built-in Provisions
Our built-in provisions are not perfect and human review remains expected for documents and annotations. For best results, review provision descriptions before using them (either yourself or by engaging an attorney in the loop with Verified Extraction) and use provisions on the same document types they were trained on; for example, do not expect a provision trained on general commercial agreements to perform as well (or at all) on credit agreements.
Provision Types
Discovery AI brokers built-in provisions, which range from the most general and universal contract characteristics (such as parties or consideration) to contract provisions that are tailored to unique agreement types and industries, and facilitates custom provisions that you can build and train to meet your unique needs. You can build custom provisions on your own or base them on existing built-in or custom provisions.
Built-In Provisions: Standard Provisions
These provisions represent the "basics" that apply to any contract.
|
Name |
Description |
|---|---|
|
Agreement Title |
The given title of the contract |
|
Audit Rights |
Designates if the contract grants any party the right to audit any other party to the contract. |
|
Commencement Date |
The start date of the contract term, if different from the effective date. If the commencement date refers to outside information, like a go-live date, it displays as "TBD". |
|
Data Security Breach Notification |
Designates if the contract specifically states whether, in the event of a breach of data security (generally regarding customer information or PII) by one party, whether such party must send generic notification to other parties or notification that complies with particular laws. |
|
Dispute Resolution |
Designates if the contract includes an arbitration requirement. |
|
Effective Date |
The date the contract goes into effect |
|
Exclusivity/Not Granted |
Indicates that one party to the contract does not grant exclusivity to the other. |
|
Exclusivity/Required |
Indicates that one party to the contract requires exclusivity from the other. |
|
Governing Law |
The state or foreign law that the governs the contract |
|
Indemnification Provision |
Designates, if the contract includes indemnification provisions, whether they are unilaterally or mutually binding. |
|
Non-Solicitation Period |
How long after expiration or termination of the contract that parties are restricted from soliciting employees or contractors from other parties to the contract. |
|
Notice Address |
If a notice clause is provided, this provides the address to which such text directs. If no notice clause is provided, this captures any address that may be listed for a party. |
|
Notice Field |
This describes how legal notices must be delivered to be valid. |
|
Original Expiration Date |
The expiration date of the initial term of the contract |
|
Parties |
The contracting parties to the contract, normalized by entity for differences in punctuation, variations, and subsidiaries, as well as the other (non-party) entities named in the agreement. |
|
Pricing/Billing Frequency |
Defines the interval at which the paying party will render payment to the party providing goods or services. |
|
Pricing/Payment Model |
Designates whether services shall be provided on a Fixed, Retainer, or Time & Materials basis. |
|
Pricing/Payment Terms |
Defines how long, in days, the contract states payment is due after invoice delivery. If the value is "Other," the text is displayed as the value. |
|
Related Master Agreement Name |
The given title of the related agreement title that is directly referenced in the contract. |
|
Renewal Limit |
The number of times a contract can renew for the stated renewal period. |
|
Renewal Notice |
The real-time date to provide notice by, or the duration of time required for notice to, exercise an option-to-renew. This may be either (i) an exact calculated date, (ii) X days/weeks/months/years listed as a duration, (iii) at any time, or (iv) upon written notice |
|
Renewal Period |
The length of time of subsequent renewal periods after the initial term. |
|
Renewal Type |
The renewal provision that applies to the term of the contract. This may be auto-renew, option-to-renew, perpetual, or fixed. |
|
Signatures |
This determines that a contract has either been signed by all required parties (Signed) or not signed by one or more required parties (Not Signed). |
|
Termination Notice |
The real-time date required to provide notice by to halt an auto-renewal or the amount of duration required for notice of termination for convenience to be effective. This may be either (i) an exact calculated date, (ii) X days/weeks/months/years listed as a duration, (iii) at any time, (iv) upon written notice, or (v) upon mutual agreement. |
|
Total Contract Value |
What the contract states as the total price for the services, supplies, deliverables, etc. |
Built-In Provisions: Specialized Provisions
Specialized provisions apply to specific contract types. Conga offers a library of over 1,200 such provisions. These are cataloged in Appendix A: Provision Library.
