Computerized transaction bargaining system and method
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United States of America Patent
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Apr 3, 2012
Grant Date -
May 29, 2008
app pub date -
Oct 30, 2007
filing date -
Aug 6, 1998
priority date (Note) -
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Abstract
A method and system for automated bargaining in a round by round manner is disclosed. The method and system are capable of multiple rounds. The method and system are used in testing non-equal values in normal rounds for satisfaction of a predetermined criterion. If the criterion is not satisfied in the normal rounds, power round values are tested for satisfaction of a power round criterion. If the power round criterion is satisfied, a binding bargained payment is calculated. Additional options involve an automated facilitator, windfalls to initiators, automatic payment initiation, multiparty aggregation and automatic agreement document generation.
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