The LexHacks 2015 Hackathon is taking place this weekend, June 6th and 7th, in Chicago. As sponsors, we’re putting up a challenge and backing it with a cash prize. For this year’s challenge, we are drawing interest to the problem of identifying and extracting contract metadata. To keep things simple and help participants succeed in the limited 48 hour period, we chose two simple pieces of contract metadata:
- Parties to an agreement. For example, in an employment agreement, these parties might be the employer and employee; in a credit agreement, they might be one or more creditors and a debtor.
- Effective and termination clauses and dates. These are the dates that govern the beginning, and, in some cases, the end of a contract. While they are often explicit calendar dates, they may sometimes be specified as general, contingent language.
In order to help participants accomplish this task, we’re releasing a small, restricted-use sample of contracts. These contracts are part of a larger contract database product that we are launching publicly soon; the database has:
Over 400K agreements from publicly traded companies and public sector entities.
Contracts that span the last 20 years.
- Digital-born, machine-readable data only; no OCR required and no poor OCR quality content.
- Purchase/sale, credit/loan, employment and compensation, M&A, consulting/service/supply, transfer, and operating agreements, to name a few.
Teams will be most successful if they have members with both transactional legal experience and natural language processing skills. We have more details on the LexHacks challenge page at Github. Check it out for more information on how to participate in the Hackathon!