Method of converting language-based written contract to smart legal contract using natural language processing
US11468406B2 · kind B2 · utility
Assignee
Inventor
Key dates
| Filing date | Jul 31, 2018 |
| Grant date | Oct 11, 2022 |
| Priority date | — |
| Expiry date | Dec 13, 2039 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG06Q10/067
- WIPO fieldComputer technology
- WIPO sectorElectrical engineering
Abstract
Disclosed herein are system, method, and computer program product embodiments for processing a written-language contract using an industry-specific natural language processing model to determine flows or actions to undertake in a Customer Relationship Management (CRM) solution. A CRM solution may include the ability to receive or create a binding natural-language contract. The CPQ or CRM system may use natural language processing (NLP) to determine terms and conditions included in a natural-language contract. The NLP may further use an industry-specific model that may be determined based on information in the CRM solution to more efficiently and accurately analyze the natural-language contract. The CRM solution may further receive a legal language construct and convert the terms of the legal language construct into a smart contract.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.