System and method for on line resolution of disputes
First Claim
1. A method of resolving a dispute comprising:
- providing for one or more initiating parties to initiate one or more offers comprising one or more first settlement ranges;
notifying one or more responding parties that one or more offers are initiated;
providing for the responding parties to initiate one or more responses comprising one or more second settlement ranges; and
determining a settlement amount based on the first and second settlement ranges.
2 Assignments
0 Petitions
Accused Products
Abstract
One or more embodiments of the invention are directed to an on line system that facilitates the confidential and secure exchange of offers and demands between parties to a dispute. The exchange can take place directly between a claimant and a respondent or their representatives without the involvement of third parties, such as mediators or arbitrators. The system is designed to minimize overhead costs by automatically reminding the parties of a pending settlement offer at selected time intervals, thereby eliminating the need for constant follow up correspondence and telephone calls. System features encourage settlement of disputes by providing a user-friendly environment and an easily accessible medium for exchange of information related to a dispute. Parties are invited to submit settlement offers in ranges including minimum and maximum dollar amounts for which they are willing to settle the case. Based upon the submitted offers the system determines a settlement amount that fits within the proposed ranges. If no settlement is reached the parties are invited to try again.
144 Citations
40 Claims
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1. A method of resolving a dispute comprising:
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providing for one or more initiating parties to initiate one or more offers comprising one or more first settlement ranges;
notifying one or more responding parties that one or more offers are initiated;
providing for the responding parties to initiate one or more responses comprising one or more second settlement ranges; and
determining a settlement amount based on the first and second settlement ranges. - View Dependent Claims (11, 12, 13, 14, 15, 16, 17, 18, 19, 20)
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2. A method of resolving a dispute using an on line system, said method comprising:
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an on line system providing for an initiating party to initiate an offer to settle a dispute, said offer comprising a first settlement range;
the on line system notifying a responding party that that the offer is initiated;
the on line system providing for the responding party to initiate a response to settle the dispute, said response comprising a second settlement range; and
the on line system notifying the initiating and responding parties whether a settlement is reached based on the first and second settlement ranges. - View Dependent Claims (3, 4, 5, 6, 7, 8, 9, 10)
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21. A method of resolving a dispute between an initiating party and a responding party comprising:
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providing for an initiating party to select a first increment value;
providing for the initiating party to select a first settlement range from a plurality of settlement ranges generated based on the first increment value; and
providing for an initiating party to initiate an offer to settle a dispute, said offer comprising the first settlement range. - View Dependent Claims (22, 23, 24, 25, 26)
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27. A computer program product comprising:
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a computer usable medium having computer readable program code embodied therein configured to resolve a dispute, said computer program product comprising;
computer readable code configured to cause a system to provide for an initiating party to select a first increment value;
computer readable code configured to provide for the initiating party to select a first settlement range from a plurality of settlement ranges generated based on the first increment value; and
computer readable code configured to provide for an initiating party to initiate an offer to settle a dispute, said offer comprising the first settlement range. - View Dependent Claims (28, 29, 30, 31, 32)
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33. A computing system for resolving disputes, said system comprising:
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a processor;
a memory coupled to said processor;
code executed by said processor configured to resolve a dispute;
said code comprising;
a method providing for an initiating party to select a first increment value;
a method providing for the initiating party to select a first settlement range from a plurality of settlement ranges generated based on the first increment value; and
a method providing for an initiating party to initiate an offer to settle a dispute, said offer comprising the first settlement range. - View Dependent Claims (34, 35, 36, 37, 38, 39, 40)
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Specification