Contracts are an integral part of any business relationship and staying on top is critical. Automated abstraction gives legal, contracts, and procurement professionals the ability to efficiently and cost-effectively abstract key information from their contracts and improve how they manage contractual obligations. Contract abstraction simply means extracting important data points which include clauses, dates, meta-data […]

Manual Summarization This is the most common and traditional way of summarizing contracts; it is best suited when summarization needs close attention of a legal expert to provide detailed and tailored results. It can be undertaken immediately with the help of an in-house legal expert. This is an easy and valuable way of summarization when […]

The old way of capturing essential data attributes from legal documents has been transcended, thanks to technology. It is difficult to achieve very high accuracy from software and consistency from manual methods. Yet we hear about Artificial Intelligence (AI), we hear about Machine Learning software systems and other new technologies for data extraction from contracts. […]

What is a breach: A breach is an unjustified failure to perform the terms of a contract. It could include any kind of failure such as fail to deliver services, fail to perform job, failure to pay on time and many more. Contracts are usually made in order to formalize an agreement and to protect […]