Legal and procurement teams store contracts as PDFs in SharePoint, email, or CLM archives. Renewal dates, liability caps, governing law, and payment terms must be searchable and reportable. Manual contract review does not scale; chat summaries are not audit-ready records. Downstream systems need consistent field names and types—not paragraphs that vary by prompt.
Describe the contract record you need in plain English—parties, effective date, termination for convenience, auto-renewal, liability cap, indemnity flags, payment terms—and generate JSON Schema scaffolding. PaperIQ extracts with layout-aware multi-modal models so signature blocks and exhibit tables remain structured. Validation during generation flags missing effective dates or non-numeric caps before records enter your CLM or procurement database. Human review focuses on exceptions, not re-keying every field. Related reading: RAG with Citations for querying contract corpora after extraction; MCP for Business Data Automation for pushing approved records into systems.
• Counterparty legal names and roles (customer, vendor, licensor) • Contract type and document title • Effective, expiration, and signature dates • Auto-renewal and termination notice periods • Governing law and dispute resolution • Liability cap and indemnification flags • Payment terms, fees, and invoicing cadence • SOW deliverables array (when processing statements of work) Boolean and enum fields in schema encode yes/no clauses consistently across vendors.
Export validated JSON for spreadsheet review or load into CLM via API. MCP tools can create contract objects, attach source PDFs, or open renewal tasks in ticketing systems—scoped per tenant. Compare extraction approaches on vendor-heavy contract sets using our alternatives index; PaperIQ differentiates on schema-at-generation and tenant-isolated MCP rather than generic document chat.
1. Collect 20 contracts across types (MSA, SOW, order form, amendment). 2. Align schema with legal ops and procurement field standards. 3. Run extraction; measure pass rate on critical dates and caps. 4. Pilot read-only export, then one MCP integration for renewal alerts. Register free to run a tenant-scoped pilot on your document set.
Is PaperIQ a contract lifecycle management (CLM) system?
No. PaperIQ extracts structured data from contract PDFs and supports export and MCP automation. CLM systems remain the system of record; PaperIQ feeds them validated JSON.
Can we extract non-standard clauses?
Yes, when you define them in schema—custom boolean flags, enum categories, or free-text fields for clause summaries that must still pass type validation.
How does this differ from RAG over contracts?
Extraction produces database-shaped records for reporting and automation. RAG answers questions over processed documents with citations. Many teams use both: extract fields first, then enable grounded Q&A on the corpus.