Intelligent Digital Assistance for Contract Workflows

Presented By

Tom Debevoise (Advanced Component Research)
Denis Gagne CEO & CTO Trisotech

Description

Legal contracts often lead to intricate workflows that traditional modeling techniques, such as BPMN, struggle to represent accurately. This presentation explores the complexity of real estate sales agreements and how retrieval-augmented generation (RAG) can effectively model their dynamic nature. Real estate contracts, which encompass numerous critical elements like purchase price, property condition, financing terms, and regulatory compliance, are not static but evolve through negotiations and contingencies.

The dynamic and multifaceted nature of these contracts necessitates a sophisticated approach to workflow management for knowledge workers. Current methods fall short in capturing the detailed nuances, resulting in inefficiencies and errors as professionals manually extract essential information. By leveraging RAG, it is possible to maintain an adaptive list of activities and events, akin to a “checklist” with a closing calendar, guiding the efforts of real estate professionals more effectively.

This presentation by Tom and Denis will delve into the challenges of modeling complex contracts and demonstrate how RAG can address these issues, ultimately enhancing the workflow and efficiency of knowledge workers involved in real estate transactions.

View the slides