Authors: Harshada Magar, Yash Bhalekar, Sarthak Belvalkar, Om Jadhav
Abstract: This paper presents ContractSphere AI, a system designed to help organizations manage their contracts more easily and securely. Managing contracts in companies involves many steps such as writing, reviewing, checking legal rules, and storing the final signed document. Doing all these steps manually takes a lot of time and often leads to mistakes. ContractSphere AI uses artificial intelligence to automate these steps and uses blockchain technology to make sure that signed contracts cannot be changed or faked. The system can understand contract language in multiple languages and can handle contracts from different countries with different legal rules. It uses a language model trained on legal documents together with a search system that finds relevant rules and contract examples. The final signed contract is stored securely by saving its unique hash on the blockchain, which proves the contract is genuine. This paper describes how the system works, explains the main processing steps, and discusses how well the system performs in terms of speed, security, and cost.
DOI: https://doi.org/10.5281/zenodo.20286629
