Contract Formation, Management, and Payment Platform

    公开(公告)号:US20210150653A1

    公开(公告)日:2021-05-20

    申请号:US16950763

    申请日:2020-11-17

    申请人: Henrik Hjertstedt

    发明人: Henrik Hjertstedt

    IPC分类号: G06Q50/18 G06F40/166

    摘要: A contract formation, management, and payment platform includes a method for negotiation and implementing smart contracts for the purchase and payment of goods and services. Parties can negotiate through a template and automatic negotiation or through features that compare competing contracts and positions to find agreeable positions and create best fit negotiated agreements using natural language processing, machine translation, and a library of legal content. Incoming proposed contracts or comments are serialized and then compared to each other and to a clause library, and agreeable negotiated positions are determined. Once all agreeable negotiated clauses are determined, then they are assembled into a new best fit negotiated agreement that parties can be prompted to review, accept, reject, or set aside the new agreement for manual review. Platform providers can license modules, charge users a fee for each transaction, and receive commissions for products and services sold within the platform.

    Contract formation, management, and payment platform

    公开(公告)号:US11416957B2

    公开(公告)日:2022-08-16

    申请号:US16950763

    申请日:2020-11-17

    申请人: Henrik Hjertstedt

    发明人: Henrik Hjertstedt

    IPC分类号: G06Q50/18 G06F40/166

    摘要: A contract formation, management, and payment platform includes a method for negotiation and implementing smart contracts for the purchase and payment of goods and services. Parties can negotiate through a template and automatic negotiation or through features that compare competing contracts and positions to find agreeable positions and create best fit negotiated agreements using natural language processing, machine translation, and a library of legal content. Incoming proposed contracts or comments are serialized and then compared to each other and to a clause library, and agreeable negotiated positions are determined. Once all agreeable negotiated clauses are determined, then they are assembled into a new best fit negotiated agreement that parties can be prompted to review, accept, reject, or set aside the new agreement for manual review. Platform providers can license modules, charge users a fee for each transaction, and receive commissions for products and services sold within the platform.