Data processing: financial – business practice – management – or co – Electronic negotiation
Reexamination Certificate
2006-10-13
2010-11-09
Rosen, Nicholas D (Department: 3625)
Data processing: financial, business practice, management, or co
Electronic negotiation
C705S037000, C705S004000
Reexamination Certificate
active
07831523
ABSTRACT:
A method and system for automated bargaining in a round by round manner is disclosed. The method and system are capable of multiple rounds. The method and system are used in testing non-equal values in normal rounds for satisfaction of a predetermined criterion. If the criterion is not satisfied in the normal rounds, power round values are tested for satisfaction of a power round criterion. If the power round criterion 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.
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Brofman Charles S.
Burchetta James D.
Cybersettle Holdings, Inc.
Frommer William S.
Frommer & Lawrence & Haug LLP
McGuire Brian M.
Rosen Nicholas D
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