cuad_rofr-rofo-rofn

Classify if the clause grant one party a right of first refusal, right of first offer or right of first negotiation to purchase, license, market, or distribute equity interest, technology, assets, products or services.

Size (samples): 696

Legal reasoning type: Interpretation

Task type: Binary classification

Task description

This is a binary classification task in which the model must determine if a contractual clause falls under the category of “Rofr/Rofo/Rofn”.

Task construction

This task was constructed from the CUAD dataset, which annotated clauses in 500 contracts according to 41 types. Positive samples for this task correspond to clauses for which annotators answered the following question in the affirmative:

Does the clause grant one party a right of first refusal, right of first offer or right of first negotiation to purchase, license, market, or distribute equity interest, technology, assets, products or services?

Negative samples are randomly selected from other clauses.

Citation information

If you use this dataset, we ask that you also cite to the source of the data as well.

@article{hendrycks2021cuad,
  title={Cuad: An expert-annotated nlp dataset for legal contract review},
  author={Hendrycks, Dan and Burns, Collin and Chen, Anya and Ball, Spencer},
  journal={arXiv preprint arXiv:2103.06268},
  year={2021}
}