Invention Grant
- Patent Title: Computerized transaction bargaining system
- Patent Title (中): 电脑交易谈判制度
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Application No.: US11549443Application Date: 2006-10-13
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Publication No.: US07831480B2Publication Date: 2010-11-09
- Inventor: James D. Burchetta , Charles S. Brofman
- Applicant: James D. Burchetta , Charles S. Brofman
- Applicant Address: US NY White Plains
- Assignee: Cybersettle Holdings, Inc.
- Current Assignee: Cybersettle Holdings, Inc.
- Current Assignee Address: US NY White Plains
- Agency: Frommer Lawrence & Haug LLP
- Agent William S. Frommer; Brian M. McGuire
- Main IPC: G06Q30/00
- IPC: G06Q30/00

Abstract:
A method and system for automated bargaining is disclosed. The method and system are used in testing non-equal values in normal rounds for satisfaction of a condition. If the condition is not satisfied in the normal rounds, power round values are tested for satisfaction of a power round condition. If the power round condition is satisfied, a binding bargained payment is calculated. Additional options involve an automated facilitator, windfalls to initiators, automatic payment initiation, multiparty aggregation and automatic agreement document generation.
Public/Granted literature
- US20070118486A1 Computerized transaction bargaining system and method Public/Granted day:2007-05-24
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