Patent ID: 8150774
Filing Date: 2012-04-03
Classification: G06Q

Abstract:
1. A computer executable method for dispute resolution between or among multiple parties, the method which when executed on a computer comprising: a) receiving at least one demand from each of one or more first parties for each claim of each first party; b) receiving at least one settlement offer from each of one or more second parties for all or a portion of each first party's claim; c) preventing disclosure of the demands to all second parties and preventing disclosure of each settlement offer to all first parties; d) calculating differences between the demands and the settlement offers in rounds, each of the differences being calculated using the settlement offers or offers corresponding to the demand or demands; e) calculating the percentage each settlement offer represents of the total settlement offered by each second party in that round for each corresponding demand; f) if the total settlement offer or offers corresponding to the demand or demands fall within at least one predetermined criterion including at least one criterion allowing for enabling a settlement when the demand is greater than the offer, calculating the percentage each second party will pay toward each corresponding demand, and transmitting a message to the parties that some or all of the claims are resolved; g) if the total settlement offers corresponding to the demand or demands do not fall within at least one predetermined criterion for any claims, transmitting a message to the parties that no claims have been resolved; and h) repeating the above steps on a round by round basis until at least one claim has been resolved or until the parties determine that no resolution can be achieved, wherein the computer automatedly executes each round in accord with the at least one predetermined criterion.