Patent ID: 8494970
Filing Date: 2013-07-23
Classification: G06Q

Abstract:
1. A computer program product for dispute resolution the computer program product comprising a non-transitory computer usable medium having computer readable code embodied therein for settling a dispute, the computer program product comprising computer readable code configured to cause at least one computer operatively connected to at least one storage device to perform a computer executable method by a computer 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; c) calculating differences between the at least one demand and the at least one settlement offer in rounds wherein the differences are calculated in a round using one demand and one settlement offer for each round; d) determining whether any of the differences fall within at least one predetermined criterion for a settlement, the at least one predetermined criterion including at least one criterion allowing for the settlement when the demand is greater than the offer; and e) 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, wherein said computer executable method is implemented by the computer, and at least the calculating and determining in any round is completely automated and carried out by the computer.