Patent ID: 8392226

Claim:
A method for controlling one or more information resources, comprising: establishing, by a processor of a shared control hub, a relationship between a first party and a second party based on information about the first party and the second party prior to initiating a negotiation between the first party and the second party, the relationship defining at least in part how the first party and the second party negotiate a control definition of one or more control definitions associated with the first party and the second party; initiating, after establishing the relationship between the first party and the second party, by the processor of the shared control hub, the negotiation between the first party and the second party of the control definition of the one or more control definitions associated with the first party and the second party using the established relationship, the shared control hub not a party of the negotiation, the control definition defined according to a shared framework of control, the first party having a first information resource distinct from the processor, the second party having a second information resource distinct from the processor, the first information resource exchanging business information with the second information resource, the one or more control definitions defining a practice for monitoring the first information resource and the second information resource, each control definition of the one or more control definitions having a condition and a consequence; communicating, by the processor, a proposal for the condition of the control definition between the first party and the second party, the proposal proposing a first parameter describing a first vital sign indicating operation of the first information resource and a second parameter describing a second vital sign indicating operation of the second information resource; receiving meta-data from a first monitor corresponding to the first information resource and a second monitor corresponding to the second information resource, the meta-data describing the first vital sign indicating operation of the first information resource and the second vital sign indicating operation of the second information resource; applying, by the processor, the condition of the control definition of the one or more control definitions to the meta-data in order to monitor the first information resource and the second information resource; determining from the meta-data that there is a violation of the control definition; and notifying the first party and the second party.