2023 WhattoReadinaContractPartySpeci
- (Sancheti et al., 2023) ⇒ Abhilasha Sancheti, Aparna Garimella, Balaji Vasan Srinivasan, and Rachel Rudinger. (2023). “What to Read in a Contract? Party-Specific Summarization of Legal Obligations, Entitlements, and Prohibitions.” doi:10.48550/arXiv.2212.09825
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Abstract
Reviewing and comprehending key obligations, entitlements, and prohibitions in legal contracts can be a tedious task due to their length and domain-specificity. Furthermore, the key rights and duties requiring review vary for each contracting party. In this work, we propose a new task of party-specific extractive summarization for legal contracts to facilitate faster reviewing and improved comprehension of rights and duties. To facilitate this, we curate a dataset comprising of party-specific pairwise importance comparisons annotated by legal experts, covering ~293K sentence pairs that include obligations, entitlements, and prohibitions extracted from lease agreements. Using this dataset, we train a pairwise importance ranker and propose a pipeline-based extractive summarization system that generates a party-specific contract summary. We establish the need for incorporating domain-specific notion of importance during summarization by comparing our system against various baselines using both automatic and human evaluation methods
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| Author | volume | Date Value | title | type | journal | titleUrl | doi | note | year | |
|---|---|---|---|---|---|---|---|---|---|---|
| 2023 WhattoReadinaContractPartySpeci | Aparna Garimella Balaji Vasan Srinivasan Abhilasha Sancheti Rachel Rudinger | What to Read in a Contract? Party-Specific Summarization of Legal Obligations, Entitlements, and Prohibitions | 10.48550/arXiv.2212.09825 | 2023 |