This paper presents a novel approach called LOcal Rule Extraction (LORE) to extract rules from neural networks. LORE transforms a trained multilayer perceptron network into an equivalent decision diagram form to extract logic rules that generalize the network's output for inputs similar to the training set, while relaxing this condition for other inputs. It works by deriving a partial rule for each training sample, merging these rules, and then generalizing the merged rule set over the entire input space. The extracted rules are assessed based on their accuracy, fidelity to the original network, consistency, comprehensibility, and the computational complexity of the extraction process.