Computerized dispute resolution system and method
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United States of America Patent
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app pub date -
Oct 13, 2006
filing date -
Aug 6, 1998
priority date (Note) -
Abandoned
status (Latency Note)
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Abstract
A method and system for automated dispute resolution 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 settlement payment is calculated. The awardee of the settlement payment is offered a plurality of disbursement options for the settlement payment which he or she may choose from. Additional options involve an automated facilitator, windfalls to initiators, automatic payment initiation, multiparty aggregation and automatic settlement document generation.
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