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Computer Science > Computation and Language

arXiv:2212.09825 (cs)
[Submitted on 19 Dec 2022 (v1), last revised 24 Oct 2023 (this version, v2)]

Title:What to Read in a Contract? Party-Specific Summarization of Legal Obligations, Entitlements, and Prohibitions

Authors:Abhilasha Sancheti, Aparna Garimella, Balaji Vasan Srinivasan, Rachel Rudinger
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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
Comments: EMNLP 2023
Subjects: Computation and Language (cs.CL)
Cite as: arXiv:2212.09825 [cs.CL]
  (or arXiv:2212.09825v2 [cs.CL] for this version)
  https://doi.org/10.48550/arXiv.2212.09825

Submission history

From: Abhilasha Sancheti [view email]
[v1] Mon, 19 Dec 2022 19:53:14 UTC (8,459 KB)
[v2] Tue, 24 Oct 2023 20:43:40 UTC (10,075 KB)
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