Patent ID: 7047491

Claim:
An electronic information management system for abstracting and reporting contract information contained in existing executed contacts, comprising: (a) a computer communicating with an electronic database; (b) an input device operatively connected to said computer for entering contract information into said database; (c) a plurality of electronic indexing tags at predetermined locations within the stored contract information and cooperating with a computer program to identify selected sections of the contract information; (d) a section summary comprising a customized reconstruction of the contact information in layman's terms chosen by an abstractor, said summary being prepared for an associated indexed contract section, and said summary being recorded in a field electronically linked to at least one of said indexing tags, whereby a user viewing said section summary can drill down into the stored contract information to retrieve the contract section corresponding to said at least one electronically linked indexing tag; and (e) a display device operatively connected to said computer for displaying said section summary and the corresponding contract section.