US 12,293,426 B2
Systems and methods for contract negotiation and drafting
Michael Denker, St. Charles, IL (US); and Joseph Brennan, Highland Park, IL (US)
Assigned to Transactency LLC, St. Charles, IL (US)
Filed by Transactency LLC, St Charles, IL (US)
Filed on Feb. 14, 2023, as Appl. No. 18/109,686.
Application 18/109,686 is a continuation of application No. 16/040,499, filed on Jul. 19, 2018, granted, now 11,580,611.
Claims priority of provisional application 62/534,513, filed on Jul. 19, 2017.
Prior Publication US 2023/0186419 A1, Jun. 15, 2023
This patent is subject to a terminal disclaimer.
Int. Cl. G06Q 50/18 (2012.01); G06F 3/0482 (2013.01); G06F 40/131 (2020.01); G06F 40/171 (2020.01); G06F 40/186 (2020.01)
CPC G06Q 50/188 (2013.01) [G06F 3/0482 (2013.01); G06F 40/131 (2020.01); G06F 40/171 (2020.01); G06F 40/186 (2020.01)] 15 Claims
OG exemplary drawing
 
1. A contract negotiation and drafting system comprising:
one or more user devices;
a controller in communication with the one or more user devices;
a memory coupled to the controller, wherein the memory is configured to store program instructions executable by the controller;
wherein in response to executing the program instructions, the controller is configured to:
provide a first graphical user interface accessible through a first user account representative of a first party accessible through the one or more user devices through which a first user selects a contract template and is simultaneously presented a contract window and a legal issue window, wherein the contract window displays the contract template between the first party and a second party and the legal issue window displays a legal issue input tool through which the first user provides input through the one or more user devices for each of a plurality of predefined legal issue in the contract template, wherein at least one of the inputs provided by the first user is a selection of a first selected option from a predefined set of text-based multiple choice options;
in response to the selection of the first selected option, update contract text in the contract template in the contract window of the first graphical user interface, wherein the updated contract text is the formal legal language of a contract text element associated with the first selected option, thereby simultaneously showing the predefined set of text-based multiple choice options and the first selected option in the legal issue window and the formal legal language of the contract text element associated with the first selected option in the contract window;
provide a second graphical user interface accessible through a second user account representative of the second party accessible through the one or more user devices through which a second user is simultaneously presented the contract window and the legal issue window, wherein the contract window displays the updated contract template and the legal issue window displays the inputs provided by the first user, the first selected option and the predefined set of text-based multiple choice options.