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Applying NLLP and ML to Predict Damages as a Remedy for Contract Breach

Published:07 September 2023Publication History

ABSTRACT

Motivated by the subjective decision making and lack of strict protocols in damages as a remedy for contract breach, this project uses natural legal language processing (NLLP) and artificial intelligence (AI) techniques to analyze patterns in contract law cases and reduce uncertainty in their outcome.

A 'hybrid' model combining heuristics, NLLP & the results of an LSTM based model into an XGBoost regressor along with contextual information had the best performance for the classification of entity types from unstructured proceedings text. Linear regressors were developed to approximate the Recovery Rate and the Win Rate using a set of 6 engineered features likely to affect the outcome.

References

  1. Frank Giaoui. 2019. Indemnisation du Préjudice Economique. Harmattan, Paris, France. 724 pages. https://isbnsearch.org/isbn/9782343180670Google ScholarGoogle Scholar
  2. Frank Giaoui. 2019. Une évaluation innovante des dommages et intérêts pour traduire les faits en règles de droit et réduire l'imprévisibilité judiciaire. In La Revue des Contrats. Vol. 1. Lextenso, Paris, France, 164--181. https://www.labase-lextenso.fr/revue-des-contrats/RDC115y3Google ScholarGoogle Scholar
  3. Frank Giaoui. 2020. Towards Legally Reviewable Damage Awards. Corporate and Business Law Journal 173 (2020), 173--229. http://cablj.org/wp-content/uploads/2020/02/W2020-FINAL-F_Giaoui-.pdfGoogle ScholarGoogle Scholar
  4. Frank Giaoui. 2022. Breaches of Agreements to Negotiate: A Comparative Analysis of Damages. American Journal of Trade and Policy 9, 2 (2022), 77--98. https://doi.org/10.18034/ajtp.v9i2.623Google ScholarGoogle ScholarCross RefCross Ref

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          • Published in

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            ICAIL '23: Proceedings of the Nineteenth International Conference on Artificial Intelligence and Law
            June 2023
            499 pages
            ISBN:9798400701979
            DOI:10.1145/3594536

            Copyright © 2023 Owner/Author

            Permission to make digital or hard copies of part or all of this work for personal or classroom use is granted without fee provided that copies are not made or distributed for profit or commercial advantage and that copies bear this notice and the full citation on the first page. Copyrights for third-party components of this work must be honored. For all other uses, contact the Owner/Author.

            Publisher

            Association for Computing Machinery

            New York, NY, United States

            Publication History

            • Published: 7 September 2023

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            Qualifiers

            • demonstration
            • Research
            • Refereed limited

            Acceptance Rates

            Overall Acceptance Rate69of169submissions,41%
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