Automated contract negotiator/generation system and method

Details Automated contract negotiator/generation system and method Automated contract negotiator/generation system and method

1998-07-21

2000-05-23

Swann, Tod R.

Data processing: financial, business practice, management, or co

Automated electrical financial or business practice or...

Finance

705 35, G06F 1760

Patent

active

060675314

ABSTRACT:
A contract system automates negotiation and generation of contract documents by managing the work flow in a contract approval process. Multiple users, coupled by a computer network, access a contract database containing multiple contracts with multiple contract components therein. The system manages communications and security between a client system and the contract database. A client applet facilitates user input at the client system and assists in a standardization of legal phrasing and contract negotiation. The client applet enforces business rules to qualify a contract for expedited approval. Generalized templates are employed to enable rapid prototyping and creation of new contracts. A method governs the automated contract negotiation and generation process within a business organization with assistance from a graphical user interface.

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