Patent ID: 8175951
Filing Date: 2012-05-08
Classification: G06Q

Abstract:
1. A computer software product, comprising a non-transitory computer readable storage, medium readable by a processor, the non-transitory computer readable storage medium having stored thereon a set of instructions for automating a deal to advance stalled negotiations having a bid ask spread, the set of instructions including: a first set of instructions causing the processor to store in a database buyer and seller information regarding at least one stalled transaction in a bid ask negotiation wherein the bid ask negotiation has a positive spread; a second set of instructions causing the processor to store in the database information relating to charitable entities that may receive financial benefits as a result of bridging the spread to complete the transaction; a third set of instructions causing the processor to determine and store in the database the fair market value of the asset being sold; a fourth set of instructions causing the processor to formulate an offer to at least one of the charitable entities the option to purchase the asset from the seller at a bargain sale price; a fifth set of instructions causing the processor to formulate a charitable contribution from the seller to the charity in the amount of the spread between the bargain sale price and the FMV; a sixth set of instructions causing the processor to formulate a deal in the form of an option exercisable by the charity to sell the asset to the buyer at the FMV price of the asset, payable in cash at the bid price; a seventh set of instructions causing the processor to formulate the deal to cause said bid price to be remitted by the buyer to the seller, said spread amount to be remitted by the buyer to the charity payable at a predetermined period under a predetermined interest rate over a predetermined amortization schedule, said spread payment obligation to be secured by a promissory note from the buyer in favor of the charity; and an eighth set of instructions causing the processor to display the deal to the charity, the buyer, and the seller.