Contracts are moving from being documents to being data.

#contracts #data

 ‘The traditional view of contracts as ‘documents’ is fast giving way to an appreciation that they are in fact a critical source of ‘data’, at both [the] transactional and portfolio level[s].’ This quote makes sense. If you have enough contracts and you extract meta-data about them and interpretative data from within them (such as how many have penalty clauses), the contracts take on a second form: sources of numbers. Click here for the full text from the IACCM.

Leading Law Departments Vol. 1, No. 43

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