US Patent Issued to Tata Consultancy Services on Aug. 12 for "System and method for management of life cycle of contracts" (Indian Inventors)

ALEXANDRIA, Va., Aug. 12 -- United States Patent no. 12,387,282, issued on Aug. 12, was assigned to Tata Consultancy Services Ltd. (Mumbai, India).

"System and method for management of life cycle of contracts" was invented by Vasundhara Sundarrajan (Chennai, India), Vennimalai Rabindran (Chennai, India), Sitarama Brahmam Gunturi (Hyderabad, India) and Senthil Kumar Ramasamy (Chennai, India).

According to the abstract* released by the U.S. Patent & Trademark Office: "Contracts are a fundamental tool for coordinating economic activity and need to be managed throughout the lifecycle of contracts. The existing methods are incomplete, expensive, time-consuming, and error-prone. A method and system for management of lifecycle of contracts have ...