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Business Contract Obligation Monitoring through Use of Multi Tier Contract Ontology

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Book cover On The Move to Meaningful Internet Systems 2003: OTM 2003 Workshops (OTM 2003)

Abstract

A core business enterprise function is trading with other business organizations. Such trade relationships are governed by legal contracts. The obligations and fulfillment conditions as stipulated in a business contract demand performance of business activities in the pre-defined choreography. Non-performance could lead to serious legal and/or financial implications. Therefore, it is essential to have integrated business and contract workflow management. Domain knowledge of legal business contracts can be represented using the proposed multi-tier contract ontology. This paper analyzes and models the different obligation types found in a contract and also identifies obligation states through which each obligation passes through. Thereafter, the paper proposes a methodology to monitor contractual obligation through the use of Multi tier Contract Ontology and related contract fulfillment process modeled as Contract Workflow Model.

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Kabilan, V., Johannesson, P., Rugaimukamu, D.M. (2003). Business Contract Obligation Monitoring through Use of Multi Tier Contract Ontology. In: Meersman, R., Tari, Z. (eds) On The Move to Meaningful Internet Systems 2003: OTM 2003 Workshops. OTM 2003. Lecture Notes in Computer Science, vol 2889. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-540-39962-9_70

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  • DOI: https://doi.org/10.1007/978-3-540-39962-9_70

  • Publisher Name: Springer, Berlin, Heidelberg

  • Print ISBN: 978-3-540-20494-7

  • Online ISBN: 978-3-540-39962-9

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