Automated contract negotiator/generation system and method
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United States of America Patent
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May 23, 2000
Grant Date -
N/A
app pub date -
Jul 21, 1998
filing date -
Jul 21, 1998
priority date (Note) -
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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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