Their representation, abstraction, execution, monitoring, and model-checking. In general, our approach does not address the challenges these studies pursue but would support such studies by helping identify the relevant events and temporal constraints. A contract monitoring facility. Their approach involves the Business Contract Language (BCL) as a way to represent and monitor contracts. Their focus is on the technical aspects of representing and monitoring contracts. BCL is includes the notions of events and temporal constraints, one can conceivably use an approach such as ours to help create a BCL specification based on a contract describing a service engagement. a broader conception than just payments. We observe that payments are an important family of business events in practical contracts. Indeed, the payment and related events show up in different domains. And, the extracted vocabularies map to payment events. Main focus is on modeling and executing contracts, whereas our interest is in extracting the relevant business events by mining contracts. Provide an approach for checking the compliance of monitored business interactions with respect to a formally specified contract. The above approaches perform their enactment, monitoring, and analysis based upon a formal model. Our contribution in this work is complementary in that we show how to extract the elements of such a formal model in terms of the business events and temporal constraints involved in a service engagement.
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