Have you ever signed a lengthy legal contract you didn’t fully read? Or have you every read a contract you didn’t fully understand? Contract review is a time-consuming and labor-intensive process for everyone concerned — including contract attorneys. Help is on the way. IBM researchers are exploring ways for AI to make tedious tasks like contract review easier, faster, and more accurate. <\/p>\n\n\n\n
A team from IBM Research-Almaden led by Yunyao Li demonstrated at the 57th Annual Meeting of the Association for Computational Linguistics (ACL 2019) a new tool created in collaboration with researchers from the University of Michigan called HEIDL<\/a> (Human-in-the-loop linguistic Expressions wIth Deep Learning). HEIDL is a natural language processing (NLP) tool that works with humans to both label training data and improve the machine-learned model. Details of the research are available in the paper “HEIDL: Learning Linguistic Expressions with Deep Learning and Human-in-the-Loop<\/a>.” The demo video below uses contract language labeled by IBM attorneys to illustrate how NLP can classify key terms and phrases with input from subject matter experts — bringing us one step closer to understanding both deep learning and contracts. <\/p>\n\n\n\n