Method for collecting and storing data regarding terms and conditions of contractual agreements

摘要

A method is disclosed for collecting and storing data in a database of a computer system regarding a contractual agreement comprising: establishing a plurality of data fields in said database corresponding to a selected contract term or contract condition; identifying a clause in the contractual agreement corresponding to the selected contract term or contract condition; comparing the identified clause to a standard contract clause corresponding to the selected contract term or contract condition; if the identified clause is substantively the same as the standard contract clause, then storing in one of said data fields data indicating that the contractual agreement includes the standard contract clause for the selected contract term or contract condition, and if the identified clause differs substantively from the standard contract clause, collecting additional data regarding the identified non-standard clause and storing the additional data in appropriate fields of said plurality of data fields.