contract abstraction

Abstracting essential data points from your lease

What is lease abstraction? Before delving into the benefits of lease abstraction, let\’s first clarify its concept. Lease abstraction involves the creation of a concise overview that encapsulates the essential terms and conditions of a lease agreement. This distilled document encompasses critical data points such as commencement and termination dates, rental fees, and options for renewal. […]

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Contract Data Abstraction : 4 Signs to know if you need it

Contract data abstraction means extracting important data points which include clauses, dates, and meta-data from your contracts. Abstracting essential information from your contracts will help you manage and identify existing contractual commitments. Additionally, this will enable you to analyze risks, obligations, and opportunities to avoid potential legal disasters. 80% of corporate legal professionals say that

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