The capability of correlating streaming web data with internal data in near real time gives enterprises a tremendous competitive advantage by enabling them to be aware of external events that can affect their business operations. This situational awareness gives business managers the opportunity to make informed operational decisions before it is too late. SIE-OBI is a platform being developed at HP Labs that responds to this need. In this paper we present an application of SIE-OBI to provide awareness of world events that could affect contractual relationships. We present the main components of the platform architecture and illustrate their functionality in the contractual situational awareness scenario.