System and method for facilitating creation and management of contractual relationships and corresponding contracts
First Claim
1. A system for facilitating creation and management of contractual relationships online within an access controlled environment, comprising:
- a service facility configured to establish access controlled environments, said access controlled environments permitting users to engage in secure online operations relative to binding contracts; and
a data storage facility coupled to said service facility permitting said users to store and access data related to said binding contracts within said access controlled environments, said data storage facility including a master transaction agreement database and a contract database, said master transaction agreement database storing data related to master transaction agreements and said contract database storing data related to contracts which are subordinate to at least one master transaction agreement.
3 Assignments
0 Petitions
Accused Products
Abstract
System and method for facilitating creation and management of contractual relationships and corresponding contracts online within an access controlled environment. The system and method include and involve a service facility configured to establish access controlled environments. The access controlled environments permit users to engage in secure online operations related to binding contracts between transaction parties. Also included and involved is a data storage facility that is coupled to the service facility and that permits users (transaction parties) to store and access data related to the binding contracts within the access controlled environments managed by and within the service facility. The data storage facility includes a master transaction agreement database and a contract database. The master transaction agreement database stores data related to master transaction agreements, and the contract database stores data related to contracts which are subordinate to at least one master transaction agreement. Master transaction agreements can contain terms and conditions regarding the enforceability (i.e., whether a contract is void, voidable, enforceable, etc.) of subordinate contracts.
102 Citations
22 Claims
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1. A system for facilitating creation and management of contractual relationships online within an access controlled environment, comprising:
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a service facility configured to establish access controlled environments, said access controlled environments permitting users to engage in secure online operations relative to binding contracts; and
a data storage facility coupled to said service facility permitting said users to store and access data related to said binding contracts within said access controlled environments, said data storage facility including a master transaction agreement database and a contract database, said master transaction agreement database storing data related to master transaction agreements and said contract database storing data related to contracts which are subordinate to at least one master transaction agreement. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22)
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12. A method for facilitating creation and management of contractual relationships online within an access controlled environment, comprising the steps of:
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at a service facility configured to establish access controlled environments, permitting users to engage in secure online operations relative to binding contracts within said access controlled environments;
at a data storage facility coupled to said service facility, permitting said users to store and access data related to said binding contracts within said access controlled environments; and
maintaining within said data storage facility a master transaction agreement database and a contract database, said master transaction agreement database storing data related to master transaction agreements and said contract database storing data related to contracts which are subordinate to at least one master transaction agreement.
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Specification