Structured vs. Unstructured Data for legal and business professionals
lawtomated.com
lawtomated.com
The point we were trying to make is different however. That point is this: in reality most legal data, in its final authoritative form, at least re contracts, is stored in a scanned pdf of the signed agreement, ie an image not the original Word doc containing semi structured data.
Granted, if lawyers didn't scan docs as images and hold only those scanned images to be the authoritative data on a particular matter things might be different.
Lots of projects in the works at law firms and in house legal teams to try and maintain contracts as structured, or at least semi structured, data from cradle to grave but still old habits of scanning contracts persists.
Not sure if that adds clarity. Be good to know. If it does (or if it doesn't) be good to understand so we can improve our content :)
That is then negotiated into a long form MS Word contract, negotiated and then signed and physically scanned back into a machine as a PDF (vs PDFing the native word doc and preserving the text layer).
Very avoidable as you note, and actually solvable via a look backwards and / or redesigning the technical paradigm for representing a contracts data model from cradle to grave.