Computerized dispute resolution system and method
First Claim
1. A computer executable method for dispute resolution, operative to control a computer and the method when executed comprising:
- a) receiving at least one demand from a first party for a claim;
b) receiving at least one settlement offer from a second party for the claim;
d) determining whether any of the differences fall within at least one predetermined criterion;
e) if any of the differences fall within the at least one predetermined criterion in any round transmitting a message to the first party and the second party that the claim is resolved;
f) if, in any round, the differences do not fall within the at least one predetermined criterion, transmitting a message to the first party and the second party that the claim has not been resolved; and
g) repeating the above steps until either (i) the claim has been resolved or (ii) a predetermined number of rounds has failed to result in a resolution of the claim.
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0 Petitions
Accused Products
Abstract
A method and system for automated dispute resolution is disclosed. The method and system are used in testing non-equal values in normal rounds for satisfaction of a condition. If the condition is not satisfied in the normal rounds, power round values are tested for satisfaction of a power round condition. If the power round condition is satisfied, a binding settlement payment is calculated. The awardee of the settlement payment is offered a plurality of disbursement options for the settlement payment which he or she may choose from. Additional options involve an automated facilitator, windfalls to initiators, automatic payment initiation, multiparty aggregation and automatic settlement document generation.
61 Citations
19 Claims
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1. A computer executable method for dispute resolution, operative to control a computer and the method when executed comprising:
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a) receiving at least one demand from a first party for a claim; b) receiving at least one settlement offer from a second party for the claim; d) determining whether any of the differences fall within at least one predetermined criterion; e) if any of the differences fall within the at least one predetermined criterion in any round transmitting a message to the first party and the second party that the claim is resolved; f) if, in any round, the differences do not fall within the at least one predetermined criterion, transmitting a message to the first party and the second party that the claim has not been resolved; and g) repeating the above steps until either (i) the claim has been resolved or (ii) a predetermined number of rounds has failed to result in a resolution of the claim. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 12, 13, 14, 15)
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9. A dispute resolution method for resolving a claim between two adverse parties in a round-by-round method which requires at least one round, the method comprising:
- testing a pair of values in a first round, one value in the pair submitted by each of the parties;
applying a settlement algorithm to the pair of values to determine if a settlement has been achieved, if a settlement is not achieved in the first round, calculating a binding settlement payment of an amount at least equal to a lower of the pair of values submitted for a second or subsequent round by applying a settlement algorithm which is binding on both parties. - View Dependent Claims (10, 11)
- testing a pair of values in a first round, one value in the pair submitted by each of the parties;
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16. An automated dispute resolution system comprising:
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a. a processor for receiving at least one demand from at least one entity to the dispute and at least one offer from the other entity to the dispute; b. input means for providing at least one criterion to be applied to each demand and each offer made in response to each demand to determine if a settlement can be achieved between the entities; c. means for comparing the offers and demands by applying the criterion to determine if the offer and demand in a given round result in a settlement; d. notification means for informing the entities after each round whether or not a settlement has been achieved through the application of criterion to that round; e. if a settlement has not been achieved after comparison of the demand and the corresponding offer with the criterion, said processor repeats the process of receiving demands and offers until either; i.) a settlement is achieved;
orii) a predetermined number of demands and offers have been compared using the same or different criterion. - View Dependent Claims (17, 18, 19)
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Specification