The HighQ AI engine provides pre-defined classifiers that are useful to identify legal documents. The classifiers are based on submissions made by organisations required to file forms with the SEC.
You can use your own documents to create new classifiers, please see Train HighQ AI classifiers.
The following classifiers (sometimes called 'document classes') can be identified out-of-the-box:
Corporate Consent Agreements
A consent order is generally a voluntary agreement worked out between two or more parties to a dispute (such as bankruptcy or divorce) that can be enforced by a court if a party does not comply with the order. In the UK, this is used as part of a divorce where the parties agree on the financial settlement, approved by a judge, without needing to go to court. This classifier has been trained using examples of US consent orders and consent agreements.*
Employment Contract
An employment contract defines the terms and conditions of the employment arrangement, including the duration of the arrangement, the employee's responsibilities, where he or she must perform these responsibilities, rate of pay, and benefits. This classifier has been trained using examples of employment contracts.*
Facility Agreements
A facility agreement is where a lender sets out the terms on which it is prepared to make a loan facility available to a borrower. This classifier has been trained using examples of facility agreements.*
Intellectual Property Agreement
This classifier identifies different types of intellectual property agreement, including licensing, assignment and transfer of intellectual property. This classifier has been trained using examples of intellectual property agreements.*
Financial Services Agreements
This classifier identifies financial services agreements, such as providing non-bank financing services to a corporation, as well as financial consulting agreements and invoice discounting agreements. The classifier has been trained using examples of financial agreements.*
Lease Agreement (Property)
A lease agreement is a contract between two parties, the lessor and the lessee, where the lessor is the legal owner of an asset - in this case, a property (real estate) - and the lessee obtains some rights to use the asset in return for regular rental payments. The lease agreement defines the rights and obligations, charges and terms of the lease. This classifier has been trained using examples of property lease agreements.*
Non - Disclosure Agreement
A non-disclosure agreement is a contract through which the parties agree not to disclose information covered, by creating a duty of confidentiality from one party to another, or mutually between the parties, to protect confidential and proprietary information or trade secrets as defined in the agreement. This classifier has been trained using examples of non-disclosure documents.*
Pledge Agreements
Pledge agreements are where an asset, such as shares, are offered as security (collateral) for a loan and set out the various rights the grantee will have with respect to the collateral. This classifier has been trained using pledge agreement examples.*
Stock Purchase Agreement
A stock purchase agreement defines all terms and conditions related to the purchase and sale of the shares of a company (not the assets of a company), normally either to raise money or transfer ownership of shares. This classifier has been trained using stock purchase agreements.*
Software License Agreement
A software license agreement between a provider business and a customer organisation that establishes the customer's rights, such as how and when the software can be used, and any restrictions that are imposed on its use. This classifier has been trained using software license agreements.*
Sales Agreement
This classifier has been trained to recognise sales agreements, where property (such as securities or shares) transfers ownership from one party to another (sale and purchase agreements), and also agreements that confer Party A the right to sell Party B's property (goods or securities) - such as permitting a bank (party A) to sell shares in a company (party B). The classifier has been trained using sales agreement examples.*
* - As submitted to the USA Securities and Exchange Commission (SEC) as public company filings, and made available via the EDGAR (Electronic Data Gathering, Analysis, and Retrieval) system.
These submissions are made by companies and others who are required by law to file forms with the SEC. The AI model will be most effective on similar files.
