Patent ID: 8370229

Claim:
A method for processing a contract involving one or more rent-producing financial products, wherein the contract has entered the evergreen term, the method comprising the steps of: determining whether the contract is past its initial end term date, and has not been renegotiated or extended; authoring and booking the contract with one or more evergreen terms and conditions; changing the status of the contract to indicate that it has entered the evergreen term; determining using a computer processor whether the contract is eligible for a pass-through of the evergreen proceeds to at least one third party; determining using a computer processor whether any rent proceeds were collected on the contract in the evergreen status; sharing of the rent proceeds collected on the contract in the evergreen status; and billing to the customer based on the evergreen terms, wherein at least one of those evergreen terms is different from the corresponding regular contract term before the contract reached the end of its term and entered the evergreen status; wherein the evergreen billing frequency and amount terms are different from the corresponding regular contract terms before the contract reached the end of its term and entered the evergreen status.