Patent ID: 6934715
Filing Date: 2005-08-23
Classification: G06F,Y10S

Abstract:
1. A method for collecting and storing data in a database of a computer system regarding a contractual agreement comprising: establishing a plurality of data fields in said database each corresponding to one of a plurality of contract terms or contract conditions; identifying a clause in the contractual agreement corresponding to a selected one of the contract terms or contract conditions; correlating the identified clause to a data field corresponding to the selected clause or condition; extracting from the database a standard contract clause linked to the corresponding data field for the selected clause or condition; comparing the identified clause to the standard contract clause linked to the corresponding data field for the selected contract term or contract condition; if the identified clause is substantively the same as the standard contract clause, then storing data indicating that the contractual agreement includes the standard contract clause for the selected contract term or contract condition, and if the identified clause differs substantively from the standard contract clause, collecting additional data regarding the identified non-standard clause, storing the additional data and linking the stored additional data to the said corresponding data fields, wherein the non-standard contract clause has not previously been stored in the database.