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Electronic multilateral negotiation system

  • US 7,296,001 B1
  • Filed: 10/25/1999
  • Issued: 11/13/2007
  • Est. Priority Date: 07/12/1999
  • Status: Expired due to Term
First Claim
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1. A machine-readable medium having instructions to cause a machine to perform a method of managing a switchable bilateral electronic negotiation, the method comprising:

  • facilitating a first active negotiation between a first party and a second party, wherein facilitating the first active negotiation includes exchanging multi-attribute offers between the first party and the second party;

    facilitating a first inactive negotiation between the first party and a third party, wherein facilitating the first inactive negotiation includes receiving a submitted multiattribute offer from the third party;

    automatically dropping the first active negotiation between the first party and the second party based on one or more rules relevant to the multi-attribute offers;

    facilitating a second active negotiation between the first party and the third party;

    facilitating a second inactive negotiation between the first party and the second party;

    receiving an indication of an acceptable negotiation associated with the second active negotiation, the indication of an acceptable negotiation indicating that the third party has one last chance to submit a final multi-attribute offer; and

    sending a message to the third party requesting the final multi-attribute offer.

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