Automated Contract Clause Grouping and Verification
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Solution Overview
Problem
Manual tracking of contracts and amendments is time-consuming and prone to human errors, making it difficult to identify critical clauses and variations across multiple documents, leading to potential inconsistencies and risks.
Innovation Solution
An automated system that processes and structures contractual documents to identify related contracts, extract key features, and analyze contents using an advanced policy group analysis module, linking contracts and verifying clause validity through semantic language evaluation.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Reliability
If manual tracking of contracts and amendments is used, then flexibility and adaptability are maintained, but time consumption and human errors increase
Solution Approach 1:
The patent replaces manual mechanical tracking with an automated computational system that uses natural language processing and machine learning algorithms to identify, extract, and track clauses and amendments across contracts, eliminating human effort while improving accuracy and reliability
Solution Approach 2:
The system enables self-service by automatically performing clause identification, amendment tracking, and consistency verification without requiring manual intervention, allowing the contract management process to serve itself through automated detection and analysis
2Adaptability or versatility
If the number of amendments and addendums grows, then contract flexibility increases, but difficulty of detecting and measuring critical clauses increases
Solution Approach 1:
The system extracts critical clauses and key information from amendments and addendums separately, isolating them from the main contract text for focused analysis, which simplifies detection and measurement even as the number of amendments grows
Solution Approach 2:
The patent segments the contract document into distinct clauses and provisions, enabling individual analysis of each segment rather than processing the entire document as one unit, which reduces the complexity of detecting critical changes across multiple amendments
3Productivity
If conventional manual approaches are used, then device complexity is minimized, but productivity decreases
Solution Approach 1:
The system performs multiple functions including clause identification, amendment tracking, consistency verification, and risk assessment within a single integrated platform, increasing productivity across multiple tasks while managing complexity through unified architecture
Data Source
AI summary
An electronic documents verification system (and method) detects related contracts, and analyzes contents in the related contracts including a primary contract and associated amendments from raw input data. One embodiment of a disclosed configuration includes a system (and method) for identifying clauses used in the related contracts. The system (and method) extracts features including key references or descriptions within each contract. Additionally, the system (and method) groups the related contracts, and establishes linkages of the related contracts based on the extracted features. Furthermore, the system (and method) analyzes contents in the related contracts based on advanced policy group including a plurality of policy groups.


