Computerized dispute resolution system and method

  • US 6,330,551 B1
  • Filed: 08/06/1998
  • Issued: 12/11/2001
  • Est. Priority Date: 08/06/1998
  • Status: Expired due to Term
First Claim
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1. A computer executable method for dispute resolution, operative to control a computer and stored on at least one computer readable medium, the method when executed comprising:

  • a) receiving a plurality of demands from a first party for a claim;

    b) receiving a plurality of settlement offers from a second party for the claim;

    c) preventing disclosure of the demands to the second party, and preventing disclosure of the settlement offers to the first party;

    d) calculating differences between the demands and the settlement offers in rounds, each of the differences being calculated in a round using one demand and one settlement offer, the one demand and the one settlement offer being unequal in value;

    e) determining whether any of the differences fall within at least one predetermined criterion;

    f) if any of the differences fall within the at least one predetermined criterion, transmitting a message to the first party and the second party that the claim is resolved; and

    g) if the differences do not fall within the at least one predetermined criterion, transmitting a message that the claim has not been resolved.

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