Contract term updates
First Claim
1. An apparatus for contract term updates, the apparatus comprising:
- a database including data representing a plurality of contracts in which some of the contract terms have an expiration date;
a processing device in operative communication with the database, the processing device operative to receive contract terms from the database;
an output device in operative communication with the processing device; and
the processing device, in response to executable instructions, operative to;
query the database with an expiration date;
retrieve data of a plurality of contract terms responsive thereto;
generate an update form including the contract terms to be updated;
associate the update form to an electronic mail message; and
provide the update form to the output device using the electronic mail message.
1 Assignment
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Accused Products
Abstract
A contract term updating system monitors of the expiration of contract terms stored in a contract database. A processing device receives the contract terms nearing expiration and generates an update form that includes the contract terms to be updated. The processing device may convert the form into a format to be accessible using an electronic mail delivery system and provides the update form to an output device. The electronic message may then be electronically transmitted to the parties to the contract, providing an automatic reminder that specifically noted contract terms are subject to expiration and the update form allows for the renewal or renegotiations of the contract terms. The parties renegotiate the terms of the contract, update the update form and provide the update form back to the processing device. The updated contract terms are therein stored back in the contract database.
24 Citations
27 Claims
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1. An apparatus for contract term updates, the apparatus comprising:
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a database including data representing a plurality of contracts in which some of the contract terms have an expiration date;
a processing device in operative communication with the database, the processing device operative to receive contract terms from the database;
an output device in operative communication with the processing device; and
the processing device, in response to executable instructions, operative to;
query the database with an expiration date;
retrieve data of a plurality of contract terms responsive thereto;
generate an update form including the contract terms to be updated;
associate the update form to an electronic mail message; and
provide the update form to the output device using the electronic mail message. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8)
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9. A method for electronically updating a contract, the method comprising:
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comparing expiration dates of contract terms stored within a database to a search date;
receiving expired contract terms from the database based on the comparison;
generating an update form including the contract terms; and
providing the update form to an output device using an electronic mail message. - View Dependent Claims (10, 11, 13, 14, 15, 16)
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17. A computer readable medium storing thereon programming instructions that when executed, cause an executing device to:
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search a contract term database to determine expired contract terms using an expiration date;
receive the expired contract terms from the contract term database;
generate an update form including the at least one contract term; and
provide the update form to an output device using an electronic mail message. - View Dependent Claims (12, 18, 19, 20, 21)
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22. A system for electronically updating a contract, the system comprising:
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a supplier device including;
a database including data representing terms of a plurality of contracts in which some of the contract terms have an expiration date;
a supplier processing device in operative communication with the database, the processing device operative to receive contract terms from the database;
an output device in operative communication with the processing device; and
the processing device, in response to executable instructions, operative to;
query the database with an expiration date;
retrieve data of a plurality of contract terms responsive thereto;
generate an update form including the contract terms to be updated; and
providing the update form to the output device; and
a purchasing device including;
a purchasing processing device, in response to executable instructions, operative to;
receive the update form from the output device. - View Dependent Claims (23, 24, 25, 26, 27)
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Specification