SYSTEM AND METHOD FOR COMPOUND DATA-DRIVEN CONTRACTS AND DOCUMENTATION

• US 20180365201A1
• Filed: 06/14/2018
• Published: 12/20/2018
• Est. Priority Date: 06/14/2017
• Status: Abandoned Application

• Current Assignee: DocuSign Incorporated
• Original Assignee: Clause, Inc.
• Inventors: Hunn, Peter Geoffrey Lerato, Selman, Daniel Charles
• Application Number:
  US16/009,175
• Publication Number:
  US 20180365201A1
• Time in Patent Office: Days
• CPC Class Codes: G06F 40/134 Hyperlinking
• CPC Class Codes: G06F 40/143 Markup, e.g. Standard Generalized Markup Language [SGML] or Document Type Definition [DTD]
• CPC Class Codes: G06F 40/186 Templates
• CPC Class Codes: G06F 40/279 Recognition of textual entities
• CPC Class Codes: G06Q 10/0838 Historical data
• CPC Class Codes: G06Q 10/10 Office automation; Time management
• CPC Class Codes: G06Q 50/18 Legal services
• CPC Class Codes: H04L 9/3239 involving non-keyed hash functions, e.g. modification detection codes [MDCs], MD5, SHA or RIPEMD
• CPC Class Codes: H04L 9/50 using hash chains, e.g. blockchains or hash trees

Abstract

A system and method that includes a compound contract, comprising of natural language components and a set of programmable components, wherein the compound contract is written in a markup language with the programmable components integrated with the natural language components; and a dynamic layer, wherein the compound contract, through the dynamic layer, is configured to configure programmable components through configuration to: initialize, change, and validate instances of programmable components within the compound contract, interface with at least one external resource, and execute programmable components and execute the compound contract.

Claims

1. A system comprised of:

a compound contract, comprising of natural language components and a set of programmable components, wherein the compound contract is written at least in part in a markup language with the programmable components integrated with the natural language components; and

a dynamic layer, wherein the compound contract, through the dynamic layer, is configured to configure programmable components through configuration to;

initialize, change, and validate instances of programmable components within the compound contract,

interface with at least one external resource, and

execute programmable components and execute the compound contract.

2. The system of claim 1, wherein the external resource is a distributed ledger.

3. The system of claim 2, wherein the distributed ledger is a blockchain system.

4. The system of claim 1, wherein the external resources are multiple distinct blockchain distributed ledgers.

5. The system of claim 1, wherein the compound contract is configured to interface with at least one external resource through a blockchain distributed ledger.

6. The system of claim 1, wherein the programmable component utilizes on-chain code of a distributed ledger system.

7. The system of claim 1, wherein the programmable component interfaces with on-chain code of a blockchain system.

8. The system of claim 1, wherein the configuration to interface is further comprised of configuration to store a subset of the compound contract on the external resource.

9. The system of claim 1, wherein the configuration to interface is further comprised of configuration to execute a subset of programmable components of a compound contract on the external resource.

10. The system of claim 1, wherein the configuration to interface is further comprised of configuration to execute the compound contract on the external resource.

11. The system of claim 1, wherein the configuration to interface is further comprised of configuration to transfer a subset of programmable components between the compound contract and the external resource.

12. The system of claim 1, wherein the configuration to interface is comprised of sharing and updating a subset of instances of programmable components between the compound contract and the external resource.

13. The system of claim 1, further comprised of a document editor configured to generate and configure both programmable components and natural language components, and embed and link programmable components.

14. A method comprising of:

creating a markup contract, by instantiating programmable components into a contract document;

configuring the markup contract, by initializing, changing, and validating instances of programmable components within the contract; and

executing the markup contract.

15. The method of claim 14, wherein creating the markup contract includes changing an instance of a programmable component through a document editor of a contract management system.

16. The method of claim 14, wherein at least one of creating the markup contract, configuring the markup contract, and executing the markup contract occurs on a blockchain.

17. The method of claim 14, wherein instantiating programmable components, further comprises of instantiating programmable components directly into a parent document, wherein a parent document instantiation is directly applied to all children programmable components.

18. The method of claim 14, wherein instantiating programmable components, further comprises of instantiating pre-existing text into a document.

19. The method of claim 14, wherein instantiating programmable components, further comprises of using natural language processing in recognizing terms within a document, converting desired terms into programmable components, and instantiating programmable components into a document.

20. The method of claim 14, wherein creating a markup contract further comprises of creating a template model of the compound contract.

21. The method of claim 20, wherein configuring markup contracts is accomplished dynamically using a template parser.

22. The method of claim 20, wherein executing markup contracts further comprises of generating a machine readable executable form of the contract using a template model.

23. The method of claim 14, wherein configuring markup contracts further includes configuring external resources.

24. The method of claim 14, wherein creating a markup contract further includes converting a legal contract into a markup contract.

25. The method of claim 14, wherein creating a markup contract further includes creating programmable components.

26. The method of claim 14, wherein creating a markup contract further includes adding programmable components to a markup contract.

27. The method of claim 14, wherein creating a markup contract further includes removing programmable components from a markup contract.