System and method for providing and updating user supplied context for a negotiations system

  • US 6,338,050 B1
  • Filed: 11/16/1998
  • Issued: 01/08/2002
  • Est. Priority Date: 11/16/1998
  • Status: Expired due to Term
First Claim
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1. An apparatus for providing user supplied context for processing of multivariate negotiations, comprising:

  • an international network;

    a multivariate negotiations system including storage space, and negotiations software, such negotiations software including an automated negotiations engine for analyzing terms, the analysis of terms comprising understanding the purpose of the terms, formatting the terms according to the purpose, selecting certain of the terms to be processed according to internationally accepted methods, and placing them into user supplied context for use by a user, the multivariate negotiations system being connected to the international network and responsive to terminals communicating along a communications path over the international network;

    a destination terminal for a first user connected to the international network, the destination terminal including software for sending and receiving terns along a communications path over the international network which flows through the multivariate negotiations system;

    an initiating terminal for a second user connected to the international network, the initiating terminal including software for sending and receiving terms along a communications path over the international network which flows through the multivariate negotiations system, during iterative processing the automated negotiations engine recognizing the users at the destination terminal and the initiating terminal as negotiators and recognizing one of the users as a deciding entity, such automated negotiations engine further recognizing any changes in the terms and storing in the storage space the terms each terminal proposes, and recognizing the terminal to which proposed terms are being sent as the indicated terminal, sending terms to the indicated terminal, the automated negotiations engine indicating any changes in the terms until a set of terms is acted upon in a final manner by the deciding entity.

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