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

Author

Dan Yang ; Leber, C. ; Tari, Luis ; Chandramouli, Aravind ; Crapo, Andrew ; Messmer, Richard ; Gustafson, Steven

Author_Institution

GE Global Res., Niskayuna, NY, USA

fYear

2013

fDate

4-6 Nov. 2013

Firstpage

707

Lastpage

712

Abstract

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.

Keywords

artificial intelligence; contracts; gas turbines; natural language processing; service industries; text analysis; contract analysis; contract review process; contract search tool; contractual service agreement; gas turbines; implicitly-stated provisions; legal concepts; legal knowledge sharing; legal review; legal risk reduction; natural language processing; semantic text analysis; semantic-based system; semantics model; text paragraphs identification; Artificial intelligence; Contracts; Data mining; Law; Semantics; Syntactics; Natural language processing; contract analysis; information extraction; information retrieval; semantics;

fLanguage

English

Publisher

ieee

Conference_Titel

Tools with Artificial Intelligence (ICTAI), 2013 IEEE 25th International Conference on

Conference_Location

Herndon, VA

ISSN

1082-3409

Print_ISBN

978-1-4799-2971-9

Type

conf

DOI

10.1109/ICTAI.2013.109

Filename

6735320