2021 NAACL NAACL 2021

Development of an Enterprise-Grade Contract Understanding System

Abstract

AbstractContracts are arguably the most important type of business documents. Despite their significance in business, legal contract review largely remains an arduous, expensive and manual process. In this paper, we describe TECUS: a commercial system designed and deployed for contract understanding and used by a wide range of enterprise users for the past few years. We reflect on the challenges and design decisions when building TECUS. We also summarize the data science life cycle of TECUS and share lessons learned.

👥 Mega-Team — 20 authors
🧭 Keyword Pioneer — contract understanding
🐣 Hot Topic Early Bird — document analysis
🐝 Cross-Pollinator — Artificial Intelligence, Computer Science, Computer Vision, Data Science & Analytics, Deep Learning, Healthcare & Medicine, Interdisciplinary, Knowledge & Reasoning, Machine Learning, Mathematics & Optimization, Natural Language Processing, Security & Privacy, Speech & Audio