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Read and categorize legal contracts

Read and categorize legal contracts

Machine learning algorithms allow standard clauses and deviations from the standard to be defined and identified on the basis of historical contracts. This makes it possible to highlight deviations and identify and categorize contracts according to predefined criteria.

1

Process

Lawyers negotiate and read extensive contracts, many of which are very comparable. Nevertheless, lawyers must not escape important deviations from the norm or the client's opinion.

2

Algorithm

Machine Learning algorithms allow standard clauses and deviations from the standard to be defined and identified on the basis of historical contracts.

3

Decision

These deviations can be displayed and highlighted. For a large number of contracts, e.g. a real estate transaction, the contracts can be identified and categorized according to pre-defined criteria.

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