Grant: Applied Research and Development Grants - Level 2

Toronto-based, Clausehound Inc. supplies business law training, tools and curriculum to educational organizations: universities, colleges, incubators and accelerators. Clausehound helps its customers, which also include lawyers and entrepreneurs, to create customized contracts, allowing them to effectively and efficiently identify and resolve problems during contract drafting and negotiation.Fast and automatic processing (indexing) of legal documentation (contracts, textbooks, etc.) to identify, categorize and analyze clause language and clause explanations is the essence of Clausehound's business. The company is partnering with Seneca to develop a new Natural Language Processing, clause-matching software that will provide automatic linking of clause segments with legal commentary. By automating the matching process, Clausehound will be able to ingest new legal documents, texts, and commentaries, at higher speed, with better accuracy, and at much lower cost, compared to manual approaches. This will remove a significant barrier to growth, currently faced by the company. Upon completion of the project Clausehound will be able to accelerate market adoption of ""private library postings"". This new platform feature allows organizations to post private libraries of contract terms, creating a portal specific to the client.