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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