Method, system and program product for electronically executing contracts within a secure computer infrastructure

Number of patents in Portfolio can not be more than 2000

United States of America Patent

PATENT NO 7363509
APP PUB NO 20050160278A1
SERIAL NO

10761551

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Importance

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Abstract

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Under the present invention, a customized contract is created based on the needs of the parties and is then stored within a secure computer infrastructure. Security within the computer infrastructure is typically provided through encryption such as 128 bit encryption. Moreover, all actions taken with respect to the contract (e.g., approval, execution, etc.) occur within the infrastructure and are recorded so that a record can be provided. Any party taking action will first be authenticated before access to the infrastructure is granted. In order for the contract to be electronically executed, both the originating contract partner and the receiving contract partner must first deliberately approve the contract. Once approval has been obtained, the contract can be electronically executed by both parties. After execution is complete, a final image of the contract is generated that includes the electronic signatures and the date of execution.

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Patent Owner(s)

Patent OwnerAddress
KYNDRYL INCONE VANDERBILT AVENUE 15TH FLOOR NEW YORK NY 10017

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Inventor(s)

Inventor Name Address # of filed Patents Total Citations
Cammarota, Michael J New Fairfield, CT 2 15
Farquharson, Aston G Carmel, NY 4 16
Harrison, John R Little Rock, AK 19 258
Kwok, Thomas Y Washington Township, NJ 18 893
Lam, Linh Hue Yorktown Heights, NY 8 295
Nguyen, Thao N Katonah, NY 24 548
Penn, Michael A Upper Grandview, NY 2 15
Roy, Kakan Larchmont, NY 8 175
Sandler, Michael B New York, NY 1 9
Wexler, Gary D Salt Point, NY 2 15

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