Who can use this feature?
👤 Organization Administrators
In this article:
Configure AI extraction for your contract types
In order to extract key data from executed contracts, LawVu Administrators first need to enable and set up this feature for their organization.
To do so, navigate to Settings > Contract Management > Contract AI data extraction.
Toggle the 'Contract data extraction' option and decide for which contract types you want this feature to apply.
To speed up the setup process, we automatically apply 10 commonly used fields to all contract types, but you can replace any of these with other fields from the full AI fields library. Please refer to the list at the bottom of the article for our recommended options.
Now, we will configure the fields that we want to extract for each contract type that has extraction enabled. Go to Settings > Contract management > Contract types and select the AI Fields tab for your chosen contract type.
Select the Edit Fields option to start looking for the fields you want to be extracted.
1 ➡ The selected fields panel displays the fields you have selected for extraction once the contract is executed (up to a maximum of 20).
2 ➡ Enter relevant keywords in the search bar to look for other AI fields.
3 ➡ You can apply additional filters to narrow down the results.
4 ➡ After identifying a field that you wish to extract for the specific contract type, click on the '+ Add field' button.
You can repeat these steps until you have selected a maximum of 10 fields. If you no longer wish to extract a particular field, you can remove it from the 'Selected fields' panel.
From now on, whenever a contract of this type becomes Executed, the selected fields will be extracted automatically.
To learn how to perform the contract extraction, check this article.
Notes
Automatic clause extraction works for all executed contracts, no matter how they were created (via LawVu, Wizard, Outlook plug-in, etc), or who they were created by (e.g. Standard User, Contract Contributor, etc).
Standard Users (no Full Contract Access) - will not have Data Review Column in their Business Portal Grid. If they have the 'Contract Create' permission, they'll be able to create contracts that when executed, will be sent for extraction. For now, users with Full Contract Access or Contract Admin permissions will need to review these results.
Top 10 field recommendations for each contract type
Below you'll find a list of commonly used or recommended fields, specific to each of the contract types, compiled from the full AI fields library, to give you a head start.
We suggest reviewing the list, and then identifying and selecting the ones that align with your requirements and needs.
Confidentiality - NDA
1 Parties
2 Effective Date
3 Term and Renewal
4 Permitted Use of Data/Confidential Information
5 Personnel/Third Party Confidentiality Requirements
6 Indemnity
7 “Confidential Information” Definition
8 “Representatives” Definition
9 Ownership of Confidential Information
10 Recipient Confidentiality Obligations
Additional Suggestions
Notice
Arbitration
Governing Law
Audit Right
Non-Solicit
Non-Compete
Confidentiality
Recipient Confidentiality Obligations
Standard of Care
Use Limited to Purpose
Return or Destruction of Confidential Information/Data
Injunctive Relief
Employment - Contractor Agreement
1 Parties
2 Effective Date
3 Term and Renewal
4 Expense Reimbursement
5 Non-Solicit
6 Non-Compete
7 Invention Assignment
8 Non-Disparagement
9 Notice for Termination Without Cause or Good Reason
10 Subcontracting
Additional Suggestions
Confidentiality
Governing Law
Bonus/Commission
Position/Title
Ownership of Intellectual Property — Definitions
Ownership of Intellectual Property (Broad)
Termination
Employment - Employment Agreement
1 Employee Name
2 Start Date — Employment
3 Base Salary
4 Bonus/Commission
5 Invention Assignment
6 Non-Disparagement
7 At-Will Employment
8 Notice for Termination Without Cause or Good Reason
9 Pay in Lieu of Notice
10 Work Hours/Overtime
Additional Suggestions
Governing Law
Position/Title
Change of Control — Employment Agreement
Employee Equity Clawback
Option/Equity Grant
Employee Benefits — Car
Employee Benefits — Health/Dental/Retirement/Pension
Employee Benefits — Vacation/Leave
Employee Duties
Garden Leave
Place of Work/Mobility Clause
Signing Bonus
Severance Payments and Benefits
Expense Reimbursement
Non-Solicit
Non-Compete
Property - Lease
1 Parties
2 Commencement Date
3 Term and Renewal
4 Base Rent
5 Additional Rent
6 Net Lease
7 Expiration Date — Lease
8 Address of Premises
9 Purchase Options and Rights of First Refusal/First Offer — Lease
10 Permitted Subletting and Transfers
Additional Suggestions
Description of Premises
Use of Premises
Square Footage of Premises
Additional Conditions for Transfer
Events of Default — Lease
Landlord Consent for Lease Transfer
Parking
Premises Type
Rent Payment Date
Right to Enter/Right of Inspection
Sublease/Assignment Profit-Sharing
Subrogation Waiver
Tenant Transfer Rights to Affiliate
Utilities
“Operating Expenses”/“Common Area Maintenance” Definition
Tenant Insurance Obligations
Relocation
Common Area Maintenance
Signage
Property - Licence
1 Parties
2 Effective Date
3 Term and Renewal
4 License Grant
5 Royalty Payments
6 Enforcement and Defense
7 Sublicensing Rights
8 Ownership of Intellectual Property — Definitions
9 Ownership of Intellectual Property (Broad)
10 Termination
Additional Suggestions
Effects of Termination
Property - Sale of Property
1 Parties
2 Effective Date
3 Pricing
4 Title/Risk of Loss
5 Customs and Tariffs
6 Currency
7 Notice
8 Governing Law
9 Disclaimer of Warranty
10 Events of Default (or Termination) — Commercial Agreements
Sales and Services - Master Services Agreement
1 Parties
2 Term and Renewal
3 Effective Date
4 Audit Right
5 Exclusivity
6 Most Favored Nation
7 Pricing
8 End Date
9 Termination
10 Limitation of Liability
Sales and Services - Sales Agreement
1 Parties
2 Term and Renewal
3 Effective Date
4 Audit Right
5 Exclusivity
6 Most Favored Nation
7 Pricing
8 Product Returns
9 Termination
10 Limitation of Liability
Supplier - Supplier Agreement/ Terms Sheet
1 Parties
2 Term and Renewal
3 Effective Date
4 Audit Right
5 Exclusivity
6 Most Favored Nation
7 Pricing
8 Product Returns
9 Termination
10 Limitation of Liability
Additional Suggestions
Change Control/Change Management
Title/Risk of Loss
Customs and Tariffs
End Date
End of Life
Force Majeure
Governing Law
Indemnity
Insurance
Notice
Ownership of Intellectual Property (Broad)
Packaging Requirements
Disclaimer of Warranty
Payment Due Dates
Upfront/Initial Payments
Warranty
Recalls
Shipping/Delivery Terms
At LawVu, we recognize the sensitivity of the data we handle for our clients, requiring top-notch information security and privacy safeguards. Our comprehensive compliance program adheres to global standards such as ISO27001, SOC1, SOC2, HIPAA, and GDPR.