System and method for providing automated dispute resolution between or among multiple parties
First Claim
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1. A computer executable method for dispute resolution between or among multiple parties, the method which when executed on a computer comprising:
- a) receiving at least one demand from each of one or more first parties for each claim of each first party;
b) receiving at least one settlement offer from each of one or more second parties for all or a portion of each first party'"'"'s claim;
c) preventing disclosure of the demands to all second parties and preventing disclosure of each settlement offer to all first parties;
d) calculating differences between the demands and the settlement offers in rounds, each of the differences being calculated using the settlement offers or offers corresponding to the demand or demands;
e) calculating the percentage each settlement offer represents of the total settlement offered by each second party in that round for each corresponding demand;
f) if the total settlement offer or offers corresponding to the demand or demands fall within at least one predetermined criterion including at least one criterion allowing for enabling a settlement when the demand is greater than the offer, calculating the percentage each second party will pay toward each corresponding demand, and transmitting a message to the parties that some or all of the claims are resolved;
g) if the total settlement offers corresponding to the demand or demands do not fall within at least one predetermined criterion for any claims, transmitting a message to the parties that no claims have been resolved; and
h) repeating the above steps on a round by round basis until at least one claim has been resolved or until the parties determine that no resolution can be achieved, wherein the computer automatedly executes each round in accord with the at least one predetermined criterion.
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Abstract
A computer executable system and method for dispute resolution which includes the ability to resolve claims between or among multiple parties.
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52 Claims
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1. A computer executable method for dispute resolution between or among multiple parties, the method which when executed on a computer comprising:
- a) receiving at least one demand from each of one or more first parties for each claim of each first party;
b) receiving at least one settlement offer from each of one or more second parties for all or a portion of each first party'"'"'s claim;
c) preventing disclosure of the demands to all second parties and preventing disclosure of each settlement offer to all first parties;
d) calculating differences between the demands and the settlement offers in rounds, each of the differences being calculated using the settlement offers or offers corresponding to the demand or demands;
e) calculating the percentage each settlement offer represents of the total settlement offered by each second party in that round for each corresponding demand;
f) if the total settlement offer or offers corresponding to the demand or demands fall within at least one predetermined criterion including at least one criterion allowing for enabling a settlement when the demand is greater than the offer, calculating the percentage each second party will pay toward each corresponding demand, and transmitting a message to the parties that some or all of the claims are resolved;
g) if the total settlement offers corresponding to the demand or demands do not fall within at least one predetermined criterion for any claims, transmitting a message to the parties that no claims have been resolved; and
h) repeating the above steps on a round by round basis until at least one claim has been resolved or until the parties determine that no resolution can be achieved, wherein the computer automatedly executes each round in accord with the at least one predetermined criterion. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37, 38)
- a) receiving at least one demand from each of one or more first parties for each claim of each first party;
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39. An automated system for resolving disputes between or among multiple parties which comprises:
- (a) input means for receiving at least one demand from each of one or more first parties for each claim of each first party and for receiving at least one settlement offer from each of one or more second parties for all or a portion of each first party'"'"'s claim;
(b) means for preventing disclosure of the demands of all second parties and preventing disclosure of the settlement offer to all first parties;
(c) a processor for calculating the differences between the demands and settlement offers in rounds wherein each of the differences is calculated using the settlement offer or offers corresponding to the demand or demands, wherein said processor has at least one predetermined criterion including at least one criterion allowing for enabling a settlement when the demand is greater than the offer, which it applies to the demands and settlement offers;
(d) means for calculating the percentage each settlement offer represents of the total settlement offered by each second party in that round for each corresponding demand;
(e) said processor being configured to determine if the total settlement offer or offers corresponding to the demand or demands fall within the at least one predetermined criterion whereupon, if the total settlement offer or offers do, said processor is configured to calculate the percentage each second party will pay towards each corresponding demand and transmits a message at least one of the parties that some or all of the claims are resolved;
(f) if the total settlement offers corresponding to the demand or the demands do not fall within at least one predetermined criteria for any claims, the means for transmitting is configured to transmit a message to at least one of the parties that no claim has been resolved; and
(g) wherein said system is configured to repeat the above procedure on a round by round basis until at least one claim has been resolved or until the parties utilize input means to inform the system that no resolution can be achieved. - View Dependent Claims (40, 41, 42, 43, 44, 45, 46, 47, 48, 49, 50, 51, 52)
- (a) input means for receiving at least one demand from each of one or more first parties for each claim of each first party and for receiving at least one settlement offer from each of one or more second parties for all or a portion of each first party'"'"'s claim;
Specification