Clause extraction

Formats

format	value	Example
text	a string of at most 40 words, the answer first	"3 years from 1 April 2026"
yes_no	true, false	true
date	ISO YYYY-MM-DD, or an ISO duration P2Y, P90D	"2026-04-01"
money	{"amount": 2000000, "currency": "GBP"}
tag	one of the column's options, exactly	"England and Wales"
verbatim	the exact quote, nothing else
number	a JSON number, no unit	24
percent	a JSON number, the percentage (8 % is 8)	8
list	an array of short strings, one per item, at most 8	["Breach", "Insolvency"]

Not found

• If the document has no clause on the column's question, the cell is {"value": null, "not_found": true, "note": "No clause on X; checked clauses 1-14.", "confidence": "high", "citations": []}.
• not_found means the document is silent. It is not "no": a lease with no renewal clause is not_found, not false.
• Use false only when a clause says no ("Neither party may terminate for convenience").

Termination for convenience

• true only for a right to end the agreement with no trigger: "for convenience", "for any reason", "without cause", a break clause on notice.
• A right that arises only on an event is not convenience: breach, insolvency, force majeure, change of control, a condition precedent not met, a long-stop date ("if Completion has not occurred by 31 December 2026, either party may terminate"). Such a right alone is not_found, with the clause named in note.

Normalization

• Durations as written plus a number: "seven (7) years" -> "7 years from each disclosure".
• Parties: the legal names, comma separated, with their role: "Brightwater Example Holdings Ltd (Customer), Quillon Analytics Inc. (Supplier)".
• Governing law: the jurisdiction only: "England and Wales", "State of New York".
• Caps: the rule, then the amount: "Uncapped: neither party's liability is limited", "12 months' fees", "GBP 2,000,000 per year".

Confidence

• high - one clause answers it directly.
• medium - you combined clauses, or a defined term changes it.
• low - the wording is ambiguous. Say why in note.

The commercial preset

key	question
parties	Who are the parties?
term	How long does the agreement, or its main obligation, last?
auto_renewal	Does the agreement renew automatically? (yes_no)
termination_convenience	Can a party terminate without cause, for convenience, or under a break clause? Event-triggered rights do not count. (yes_no)
liability_cap	Is liability capped, and at what amount?
governing_law	Which law governs the agreement?
assignment	Can a party assign the agreement, and on what condition?
change_of_control	Does the agreement contain a change-of-control provision: a consent requirement, condition or termination right triggered by a change of control of a party or of the target? (yes_no)