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US Patent 7756772 System and method for automated contract formation

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Patent abstractTimelineTable: Further ResourcesReferences
Is a
Patent
Patent

Patent attributes

Patent Jurisdiction
United States Patent and Trademark Office
United States Patent and Trademark Office
Patent Number
7756772
Date of Patent
July 13, 2010
Patent Application Number
10069234
Date Filed
August 29, 2000
Patent Citations Received
‌
US Patent 11836817 System for an electronic document with state variable integration to external computing resources
3
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US Patent 11789933 System and method for a hybrid contract execution environment
‌
US Patent 11886810 System and method for electronic document interaction with external resources
4
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US Patent 11887055 System and method for forming, storing, managing, and executing contracts
5
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US Patent 11769219 Computer-implemented and interactive real estate contract generation and editing process
Patent Primary Examiner
‌
Nga B. Nguyen
Patent abstract

A system, method and device for (semi-)automated e-commerce on the Internet, the WWW and other networks. Trading parties present intentions, made of more elementary components, which are used to express their willingness to engage in deals subject to constraints. Parts of intentions may be variable components. Some variable components may be associated with computational devices that transform them, optionally communicating via messages, into more specified components. This mechanism encodes business rules. By fitting intentions, contracts are formed. While fitting intentions, negotiations are carried out via the exchange of messages. Negotiations are automated by encoding users wishes as mathematical programs. Following the deal formation an optional deal improvement phase, in one-to-one mode or one-to-many mode, is carried out to improve the deal. The improvement phase may be based on a trading mechanselected from an available collection of such mechanisms including such mechanisms as constructed by users of the system.

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