folio-classify-asset

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:

1. Search for matches: Use folio:search_concepts with the asset name or description to find candidate asset types in FOLIO.

2. 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

3. Drill into the best category: Use folio:get_children(iri) on the most promising category to find the specific asset type.

4. 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.