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OVERVIEW - CONTRACT ABSTRACTION PROCESS

Usually varying from ten to hundreds of pages, extracting any particular information from the contract documentation is a time-consuming, labor and capital intensive process for an attorney/business. It calls for precise reading and analysis of all the complex details of contracts and agreements, along with other associated documents. Even a minimal loss in interpretation, can result in startling financial as well as legal repercussions. We at Cogneesol provide you economical and accurate legal contract abstraction services to efficiently handle your contracts. With our contract abstraction solutions, you can easily remain on top of the data present in the contracts.

Our in-house legal team is skilled in extracting almost any kind of data from a contract or perhaps a lease; be it crucial dates, important clauses like parties to the contract, effective date, execution date, payment terms, obligation of the parties to the agreement, instances of default, remedies and termination clause, renewal, notifications for renewal, statutory compliances or additional crucial data from the documents. Attorneys, law offices and businesses from different industry verticals such as manufacturing, real estate, insurance, telecom, retail, technology, hospitality, healthcare etc. have drawn upon the insight of Cogneesol’s contract extraction services and expertise. Every document is meticulously reviewed to ensure that no crucial detail is overlooked. Every now and then, customized solutions are offered to the clients to make sure their requirements are fulfilled. Stringent quality controls ascertain correct data bring captured and that no specifics are missed.

OUR CONTRACT ABSTRACTION SOLUTIONS

  • Consistent and to-the-point abstracts or digests

  • Critical viewpoint to allow you to make faster and well-timed decisions

  • Examining contracts depending on factors, such as type, party, termination and renewal dates, option dates.

  • Forwarding notifications for termination and renewal.

  • Analyzing contract terminology and timeline, determining deviations from regular stipulations

  • Building and handling contract databases

Outsource contract abstraction to Cogneesol and free your legal team from the burden of performing recurring tasks and let them concentrate on activities that impact the bottom-line. To start your free trial, click below:

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legal contract abstraction

OUR ABSTRACTION EXPERTISE:

Contract extraction/abstraction improves the life of the legal documents and tends to make accessing the needed data, less of a pain. It can also help the clients in keeping a track of the crucial dates as well as payments so that the payments are obtained by the due date.

Cogneesol has a team of legal professionals who are familiar with any type of contract terminology as well as the significance of primary clauses. We can extract data from:

  • Contracts
  • Lease
  • Insurance Agreements
  • Procurement Contracts
  • Consultancy Agreements
  • Licenses
  • Vendor Contracts
  • Statement of Work (SOW)
  • Non-disclosure Agreements
  • Master Service Agreements (MSA)
  • Class Actions Summary
  • Strategic Partnership Agreements
  • Hosting Services Agreements
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