US Patent 8954839 Contract authoring system and method

A computer based system and method for contract authoring. The method can receive an external contract document in electronic form, wherein the external contract document comprises a plurality of text portions relating to a plurality of contract component types, respectively. The method can accessing a knowledge base describing a plurality of text patterns which identify with the plurality of the contract component types, respectively. Moreover, the method can process the external contract document utilizing the knowledge base to automatically identify the plurality of the contract component types for the plurality of the text portions in the contract document, respectively.