Conversion of Legal Agreements into Smart Legal Contracts using NLP

08/27/2022

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by   Eason Chen, et al.

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A Smart Legal Contract (SLC) is a specialized digital agreement that consists of natural language and computable components. The Accord Project is an open-source SLC framework containing three main modules: Cicero, Concerto, and Ergo. Currently, we need lawyers, programmers, and clients to work together with a great deal of effort to create a useable SLC using the Accord Project. This paper proposes a pipeline to automate the SLC creation process with several NLP models to convert law contracts to the Accord Project's SLC format. We then further describe an interface enabling users to build their SLC with the proposed pipeline.