Method and system for handling escrow arrangements
First Claim
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1. A method for supplying information to users about each stage of a multi-stage project before dispensing funds comprising the steps of:
- inputting a set of terms for dispensing funds for each stage of a multi-stage project;
recording data related to the terms for dispensing funds; and
dispensing funds after the completion of each stage of the multi-stage project;
wherein completion of each stage is dependent upon viewing and approving each stage of the multi-stage project.
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Abstract
A method and system are provided for supplying information to users about each stage of a multi-stage project before dispensing funds. The method includes inputting a set of terms for dispensing funds for each stage of a multi-stage project. Data is recorded related to the terms for dispensing funds. Funds are dispensed after the completion of each stage of the multi-stage project, wherein completion of each stage is dependent upon viewing and approving each stage of the multi-stage project.
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20 Claims
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1. A method for supplying information to users about each stage of a multi-stage project before dispensing funds comprising the steps of:
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inputting a set of terms for dispensing funds for each stage of a multi-stage project;
recording data related to the terms for dispensing funds; and
dispensing funds after the completion of each stage of the multi-stage project;
wherein completion of each stage is dependent upon viewing and approving each stage of the multi-stage project. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10)
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11. A system for supplying information to users about each stage of a multi-stage project before dispensing funds comprising:
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an interconnected network adapted to transmit electronic data;
at least one communicative device coupled to the interconnected network, the communicative device being capable of inputting a set of terms for dispensing funds for each stage of a multi-stage project and recording data related to the terms for dispensing funds; and
a computing device coupled to the interconnected network, the computing device maintaining an interactive site accessible by the at least one communicative device via the interconnected network, the computing device being capable of dispensing funds after the completion of each stage of the multi-stage project;
wherein completion of each stage is dependent upon viewing and approving each stage of the multi-stage project. - View Dependent Claims (12, 13, 14, 15, 16, 17, 18, 19)
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20. A computer program, stored on a computer-readable medium, for supplying information to users about each stage of a multi-stage project before dispensing funds, the computer program comprising instructions for causing a computer system to:
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receive a set of terms for dispensing funds for each stage of a multi-stage project;
record data related to the terms for dispensing funds; and
dispense funds after the completion of each stage of the multi-stage project;
wherein completion of each stage is dependent upon viewing and approving each stage of the multi-stage project.
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Specification