Types of entities detectable by Bigle AI

Learn about the key data or entities that the discriminative artificial intelligence can extract from your contracts and legal documents

Bigle Libra's discriminative AI can extract key information from legal documents by identifying two types of data or entities: metadata and conditions. This data is essential to optimise the daily work of lawyers, facilitating the management and auditing of contracts and other legal documents.

What two types of entities or data can Bigle's discriminative AI extract?

Metadata: actual data found in contracts and documents, e.g. dates, parties, duration, price, applicable law, competent courts, etc. In all Entities, the response format is the data itself, which will integrate the metadata of the document and appear later in the reports.
Conditions: unlike the previous ones, the conditions correspond to the actual contractual conditions (e.g. whether there is a penalty clause, change of control, assignment of contractual position, right of first refusal, etc.) in the text of the contract or document. Although the models generate predictions in the form of text in the same way as metadata, in this case, the predictions only serve to audit whether or not what the AI has determined is correct, and the data to be stored is whether or not such a condition exists in the text.

List of entities or data extractable by Bigle's discriminative AI

Below is a list of the types of data that Bigle's discriminative AI can extract from contracts and legal documents, as well as the format in which it will be displayed in the metadata section.

Metadata

Label	Answer format
Parties	Entity or individual names
Agreement Date	Date (mm/dd/yyyy)
Effective Date	Date (mm/dd/yyyy)
Expiration Date	Date (mm/dd/yyyy) / Perpetual
Price	Monetary amount or calculation formula
Term	Number of days/months/years or indefinite
Renewal Term	[Successive] number of years/months / Perpetual
Notice Period to Terminate Renewal	Number of days/months/year(s)
Notice Period To Terminate Contract	Time period (days/months/years)
Period To Make Payments To The Other Party	Time period (days/months)
Governing Law	Name of a US State / non-US Province, Country
Competent Courts	Location of the Courts
Document Name	Contract Name
Place Of Signature	Place
Penalty Clause Amount	Monetary amount
Deposit Amount	Monetary amount or percentage of other monetary amount
Non-Competition Period	Time period (months/years)
Results Of Annual Accounts	Monetary amount

Conditions

Label	Description
Penalty Clause	Are there any penalties if one party fails to comply with the obligations contained in the contract?
Change of Control	Does one party have the right to terminate or is consent or notice required of the counterparty if such party undergoes a change of control, such as a merger, stock sale, transfer of all or substantially all of its assets or business, or assignment by operation of law?
Non-Compete	Is there a restriction on the ability of a party to compete with the counterparty or operate in a certain geography or business or technology sector?
Exclusivity	Is there an exclusive dealing commitment with the counterparty? This includes a commitment to procure all “requirements” from one party of certain technology, goods, or services or a prohibition on licensing or selling technology, goods or services to third parties, or a prohibition on collaborating or working with other parties), whether during the contract or after the contract ends (or both).
Anti-Assignment	Is consent or notice required of a party if the contract is assigned to a third party?
Rofr/Rofo/Rofn	Is there a clause granting one party a right of first refusal, right of first offer or right of first negotiation to purchase, license, market, or distribute equity interest, technology, assets, products or services?
License Grant	Does the contract contain a license granted by one party to its counterparty?
Audit Rights	Does a party have the right to audit the books, records, or physical locations of the counterparty to ensure compliance with the contract?
Termination for Convenience	Can a party terminate this contract without cause (solely by giving a notice and allowing a waiting period to expire)?
Post-Termination Services	Is a party subject to obligations after the termination or expiration of a contract, including any post-termination transition, payment, transfer of IP, wind-down, last-buy, or similar commitments?
Third Party Beneficiary	Is there a non-contracting party who is a beneficiary to some or all of the clauses in the contract and therefore can enforce its rights against a contracting party?
IP Ownership Assignment	Does intellectual property created by one party become the property of the counterparty, either per the terms of the contract or upon the occurrence of certain events?
Insurance	Is there a requirement for insurance that must be maintained by one party for the benefit of the counterparty?
Minimum Commitment	Is there a minimum order size or minimum amount or units per-time period that one party must buy from the counterparty under the contract?
Price Restrictions	Is there a restriction on the ability of a party to raise or reduce prices of technology, goods, or services provided?
Non-Transferable License	Does the contract limit the ability of a party to transfer the license being granted to a third party?
Non-Disparagement	Is there a requirement on a party not to disparage the counterparty?
Liquidated Damages	Does the contract contain a clause that would award either party liquidated damages for breach or a fee upon the termination of a contract (termination fee)?
No-Solicit of Employees	Is there a restriction on a party’s soliciting or hiring employees and/or contractors from the counterparty, whether during the contract or after the contract ends (or both)?

Remember that AI-extracted metadata behaves the same as manually entered metadata, so it is also available for viewing, searching and statistical exploitation from the Reports tab.