> ## Documentation Index
> Fetch the complete documentation index at: https://docs.abbyy.com/llms.txt
> Use this file to discover all available pages before exploring further.

# Basic Contract - Document Skill

> Extract data from basic contracts — leases, loan agreements, service agreements, and supply contracts — including titles, parties, dates, and contract values.

The **Basic Contract** skill extracts data from contract documents — including lease agreements, loan applications, loan agreements, service agreements, and supply contracts — surfacing parties, dates, amounts, and other key terms.

The Basic Contract skill is a preview skill. It has been trained on a limited set of documents and is designed to help you quickly get started with processing basic contracts.

<Warning>
  The Basic Contract skill cannot be trained on additional documents.
</Warning>

The Basic Contract skill recognizes handwritten text. This option is enabled by default. If you do not import handwritten forms, disable the **Handwritten** option in the skill settings. 

## Countries and Languages

| Countries | Languages |
| :- | :- |
| USA | English |

## Extracted Fields

| Field | Description |
| :- | :- |
| Title | The title of the contract. |
| Deal Amount | The amount or value of the contract. |
| Agreement Date | The date on which the contract was officially executed or agreed upon by the parties. |
| Effective Date | The start date of the contract. |
| Expiration Date | The expiration date of the contract. |
| Initial Term | The initial period of time for which the contract will be in effect before any renewal or extension options are considered. |
| Renewal Term | The additional period of time for which the contract can be extended or renewed after the initial term has expired. |
| Governing Law | The jurisdiction that will govern the interpretation, enforcement, and resolution of any disputes or legal issues arising from the contract. |
| Security Deposit | The amount of money that the party providing the security deposit is required to pay. |
| Insurance Clause | The insurance requirements and responsibilities of the parties. |
| Limitation of Liability | The maximum monetary amount for which a party can be held liable in the event of a breach or dispute. |
| Confidentiality Clause | The terms and conditions regarding the confidentiality of the information shared between the parties. |
| Indemnity Clause | The terms and conditions related to indemnification. |
| Non Compete Clause | The activities or businesses that a party or parties are prohibited from engaging in. |

### Party (repeating group)

| Field | Description |
| :- | :- |
| Organization Name | The legal name of a party. |
| Person Name | The name of the individual who represents or acts on behalf of a party. |
| Role | The role of a party. Examples of roles include seller, buyer, service provider, or client. |
| Address | The address of a party. |

## Key Fields

* Title
* Party/Organization Name
* Party/Person Name
* Agreement Date
* Effective Date