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A Frame Work for Modeling Electronic Contracts

  • Kamalakar Karlapalem
  • Ajay R. Dani
  • P. Radha Krishna
Conference paper
Part of the Lecture Notes in Computer Science book series (LNCS, volume 2224)

Abstract

A contract is an agreement between two or more parties to create business relations or legal obligations between them. A contract will define the set of activities to be performed by parties satisfying a set of terms and conditions (clauses). An e-contract is a contract modeled, specified executed, controlled and monitored by a software system. Typically, a workflow management system is used for e-contract management. E-contracts are complex inter related workflows that have to be specified carefully to satisfy the contract requirements. Most workflow models do not have the capabilities to handle the complexities of these interrelationships. That is, an e-contract does not adhere to activity/task oriented workflow process, thus generating a gap between a conceptual model of e-contract and workflow. Therefore, there is a need for a modeling framework to conceptualize e-contracts and model the complexity of interrelationships. In this paper, we present a framework for conceptually modeling e-contracts (using ER-R data model) and a methodology to translate an e-contract to a workflow that can be executed by a workflow management system.

Keywords

Business Process Financial Institution Electronic Commerce Exception Handling Contract Event 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Springer-Verlag Berlin Heidelberg 2001

Authors and Affiliations

  • Kamalakar Karlapalem
    • 1
  • Ajay R. Dani
    • 2
  • P. Radha Krishna
    • 2
  1. 1.IIITHyderabadIndia
  2. 2.Institute for Development and Research in Banking TechnologyHyderabadIndia

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