| name | folio-classify-asset |
| description | Classify an asset type using the FOLIO ontology's asset_types taxonomy (4 top-level categories — Tangible Assets, Intangible Assets, Financial Assets, Estate). Use when the user describes an asset and needs to classify it — for transactional work, estate planning, IP matters, financial disputes, property classification, or asset inventory in legal matters. |
Classify an Asset Type with FOLIO
Classify an asset against the FOLIO ontology's asset_types taxonomy branch.
Workflow
Given a description of an asset, follow these steps:
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Search for matches: Use folio:search_concepts with the asset name or description to find candidate asset types in FOLIO.
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Browse the asset types taxonomy: Use folio:get_taxonomy_branch("asset_types") to see the 4 top-level categories:
- Tangible Assets: Physical assets (real property, equipment, inventory)
- Intangible Assets: Non-physical assets (IP, goodwill, licenses)
- Financial Assets: Economic resources (securities, accounts, derivatives)
- Estate: All possessions, property, and rights of a person or entity
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Drill into the best category: Use folio:get_children(iri) on the most promising category to find the specific asset type.
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Get full details: Use folio:get_concept(iri) on the best match to retrieve the complete definition, translations, identifiers, and cross-references.
Output Format
Return the classification as:
- FOLIO Label: The official FOLIO concept name
- FOLIO IRI: The concept's unique identifier (e.g.,
https://folio.openlegalstandard.org/...)
- Definition: The FOLIO definition of this asset type
- Parent Category: The top-level asset category
- Confidence: high / medium / low
- Reasoning: Brief explanation of why this classification was chosen
If the asset could fall under multiple categories (e.g., a patent is both an Intangible Asset and potentially a Financial Asset), note both classifications.
