Article,

Extraction of Business Contracts and Temporal Constraints in Business Events

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International Journal of Computer Science and Engineering Communications, 3 (4): 1229-1234 (August 2015)

Abstract

The key to successful contract management is the presence of competent people on both the mine owner's and the contractor's teams. When competent people are present on a project, problems will nearly always be resolved; the work will be well planned by the mine owner and well executed by the contractor Projects may survive inadequacies on the mine owner's side but no1: in the contractor's team.A competent contractor can often compensate for deficiencies on the other side. Unfortunately, disaster will often strike if the contractor's team does not know what its doing. The first casualty when competence is lacking is trust and cooperation between the parties. This is because each party will be blaming the other for all the problems that will inevitably be starting to trouble the project. Contracts are legally binding descriptions of business service engagements. In particular, we consider business events as elements of a service engagement. Business events such as purchase, delivery, bill payment, bank interest accrual not only correspond to essential processes but are also inherently temporally constrained. Identifying and understanding the events and their temporal relationships can help a business partner determine what to deliver and what to expect from others as it participates in the service engagement specified by a contract.

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