Contract formation, management, and payment platform

Number of patents in Portfolio can not be more than 2000

United States of America Patent

PATENT NO 11416957
APP PUB NO 20210150653A1
SERIAL NO

16950763

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ATTORNEY / AGENT: (SPONSORED)

Importance

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Abstract

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A contract formation, management, and payment platform includes a method for negotiation and implementing smart contracts for the purchase and payment of goods and services. Parties can negotiate through a template and automatic negotiation or through features that compare competing contracts and positions to find agreeable positions and create best fit negotiated agreements using natural language processing, machine translation, and a library of legal content. Incoming proposed contracts or comments are serialized and then compared to each other and to a clause library, and agreeable negotiated positions are determined. Once all agreeable negotiated clauses are determined, then they are assembled into a new best fit negotiated agreement that parties can be prompted to review, accept, reject, or set aside the new agreement for manual review. Platform providers can license modules, charge users a fee for each transaction, and receive commissions for products and services sold within the platform.

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Patent Owner(s)

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International Classification(s)

Inventor(s)

Inventor Name Address # of filed Patents Total Citations
Hjertstedt, Henrik Zurich, CH 1 17

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Maintenance Fees

Fee Large entity fee small entity fee micro entity fee due date
3.5 Year Payment $1600.00 $800.00 $400.00 Feb 16, 2026
7.5 Year Payment $3600.00 $1800.00 $900.00 Feb 16, 2030
11.5 Year Payment $7400.00 $3700.00 $1850.00 Feb 16, 2034
Fee Large entity fee small entity fee micro entity fee
Surcharge - 3.5 year - Late payment within 6 months $160.00 $80.00 $40.00
Surcharge - 7.5 year - Late payment within 6 months $160.00 $80.00 $40.00
Surcharge - 11.5 year - Late payment within 6 months $160.00 $80.00 $40.00
Surcharge after expiration - Late payment is unavoidable $700.00 $350.00 $175.00
Surcharge after expiration - Late payment is unintentional $1,640.00 $820.00 $410.00