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contracts

Semantics of Contracts and Clauses

One of the more challenging aspects of digitising contracts (making then computable) is understanding how to assemble a contract from a reusable set of clauses. There is inherent tension between the notion of a clause as an atomic reusable snippet of text, and the assumptions that a clause makes about its host contract, or the other clauses that must be present in the contract.

In this article I dive deeper into what assembling contracts from clauses means in terms of semantics, and sketch out some Concerto data models to capture those semantics.

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Contracts as Promises

Today, I will continue my meander through contract digitisation, taking a deeper look at contractual obligations and rights and the theoretical background of “contracts as promise”, and I begin to outline a data model that captures some of the concepts.

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Overview of the MPEG-21 Media Contract Ontology

I was recently passed a pointer to the MPEG-21 Media Contract Ontology (thank you Niall!). This post is a high-level summary of the very informative paper (linked above) by Víctor Rodríguez-Doncela, Jaime Delgadob, Silvia Llorenteb, Eva Rodríguezb and Laurent Boch.

The Media Contract Ontology (MCO) is an OWL ontology formalizing a vocabulary to represent business contracts in the media content industry. MCO contracts are RDF documents using that vocabulary.

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