How to Extract Data from a Legal Contract
Legal contracts are agreements between two or more parties that spell out specific terms and conditions. Our system can pull structured data from various types of legal contracts whether they are PDFs or scanned documents.
We can extract these main parts:
- Parties involved and their roles
- Start date and end date
- Contract type
- Key terms and clauses
- Governing law
- Signatures and dates
This is really helpful for:
- Managing and analyzing contracts
- Following legal rules and assessing risks
- Due diligence processes
- Automating contract review and comparison
By pulling data from legal contracts, you can make contract management easier, quickly find key terms and obligations, and easily add contract information to legal and business management systems.