A Natural Language Processing and Semantic-Based System for Contract Analysis

The Contract Search Tool is a semantic search platform that enables effective analysis of complex, long-term contractual service agreement for machines such as gas turbines. The approach we developed can effectively identify paragraphs of text for specific legal concepts. Then the key content can be...

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Bibliographic Details
Main Authors: Dan Yang, Leber, Christina, Tari, Luis, Chandramouli, Aravind, Crapo, Andrew, Messmer, Richard, Gustafson, Steven
Format: Conference Proceeding
Language:English
Subjects:
Artificial intelligence
Conferences
contract analysis
Contracts
Data mining
Expert systems
information extraction
information retrieval
Law
Legal
Natural language processing
Searching
Semantics
Syntactics
Texts
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Description
Summary:The Contract Search Tool is a semantic search platform that enables effective analysis of complex, long-term contractual service agreement for machines such as gas turbines. The approach we developed can effectively identify paragraphs of text for specific legal concepts. Then the key content can be decomposed and organized by the semantics model that captures key elements of the concepts and links to specific paragraphs. This is achieved by performing semantic text analysis to capture implicitly-stated provisions and the definitions of provisions, and relevant information is returned in an organized manner. The tool can be applied to increase productivity of legal review, share legal knowledge with service managers, and reduce legal risk in contract review process.
ISSN:1082-3409
2375-0197
DOI:10.1109/ICTAI.2013.109