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Common Clauses
Common clauses found in most contracts
For technical documentation and use examples please see the Clause Classfier API documentation.
Amendments
The assignment clause defines what rights, benefits or obligations may be transferred from one party to another.
Arbitration
Assignment
A provision that defines the scope of the agreement. It states that parties agree to the terms in the agreement only and are not liable for any statements or represetnations that are not included in the agreement.
Attorneys' Fees
A clause that frees parties from obligation if an event or circumstance beyond reasonable control occurs.
Audit Rights
CobbleStone training data combines Governing Law and Jurisdiction. This clause defines where a dispute will be resolved and which jurisdictions laws will be used.
Authorization To Contract
A legal agreement by one party to hold another party responsible for damages within the agreement.
Binding Effect
The type of injury which no monetary compensation can cure or an award of damages that cannot be provided.
Change in Control
An agreement to keep the existing arranging in force for an additional period of time.
Compliance with Laws
A contract clause within a contract that has two or more agreements that are distinct enough to where one part can be invalidated without invalidating the whole contract.
Confidentiality
Consideration
Construction
States that a party may terminate a contract without cause or penalty, usually with reasonable notice. The amount of notice can be extracted using Named Entities
Counterparts
This is the no-waiver clause that protects parties from inadvertently waiving contractual rights.
Effects of Termination
Entire Agreement
Fees and Expenses
Force Majeure
The introduction to the contract that identifies the parties. It often restates the contract title/type and may include the effective date.
Full Force and Effect
Governing Law
Indemnification
Allows a party to have access and review the other's party's books, records, documents, equipment or premises depending on the type of contract.
Independent Contractor
Insurance
Intellectual Property
Irreparable Harm
A limitation of liability clause limits the damages that one party is obligated to provide to another in the event of a breach or failure.
Limitation of Liability
Found in amendments where the original contract has not been restated. This clause indicates that elements of the original contract that are not specifically addressed in the amendment will remain in full force and effect.
Material Adverse Effect
The counterparts clause specifies that parties may sign separate copies of an agreement.
Notice
Obsolescence
A formal change made to a contract.
Preamble
Precedence
CobbleStone will tag information about the interpretation of a contract as Construction. This will include information about headings, genders, certain pluralization's, and ambiguities.
Product Warranty
A change in management or company's ownership that results in a change of decision-making of that entity being managed by a different group of shareholders and/or directors.
Proof of Insurance
When both parties agree to waive the right to have a jury trial.
Recitals
A promise, performance, or forbearance by both parties that induces them to enter into an agreement or contract.
Remedies
A contract provision that prohibits a insurance carrier to seek redress or seek compensation from a negligent third party.
Renewal
Severability
Signatures
Survival
Term
An arbitration clause indicates that the parties will resolve disputes through an arbitration process. It may contain additional information about which arbitration rules will be used and how arbitrators are selected.
Termination For Convenience
This clause states that a party agrees to comply with, and is not knowingly in violation of, all applicable laws, regulations and rules.
Termination For Insolvency
States that each party has the power and authority to enter into and be bound by the terms of an agreement
Termination For Material Breach
Waiver
Waiver of Jury Trial
Waiver of Subrogation
Warranty Disclaimer
Legally binds the parties to the agreement