System and method for providing advanced funding for proceeds from a resolved dispute
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United States of America Patent
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Issued Date -
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app pub date -
Oct 30, 2007
filing date -
Aug 6, 1998
priority date (Note) -
Abandoned
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Abstract
A computer executable system and method for dispute resolution with advance funding capability. After calculating a difference between the demand and the offer in at least one round and determining whether the difference falls within at least one criterion, the claim is resolved if the difference falls within the at least one criterion, the claim is resolved if the difference falls within the at least one criterion. The claim remains unresolved if the difference does not fall within the at least one criterion. A surety module is provided which enables the prospective payee to direct the payment to it in a specified manner. The surety module may also put a hold on funds of the prospective payor pending payment by the payor to the payee of the amount upon which the dispute is settled.
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