Value resolution process

For property that does not have an established value, parties can have difficulty in agreeing on value. In some cases, the transaction costs of the parties can exceed the value of the rights in the property that are at issue. This deters the conclusion of such transactions on an economical basis. Su...

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Bibliographische Detailangaben
Hauptverfasser: HEMING WILLIAM B, BERLINGER WILLIBALD G
Format: Patent
Sprache:eng
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Beschreibung
Zusammenfassung:For property that does not have an established value, parties can have difficulty in agreeing on value. In some cases, the transaction costs of the parties can exceed the value of the rights in the property that are at issue. This deters the conclusion of such transactions on an economical basis. Such issues might arise, for example, with respect to transactions involving the transfer of rights to intangible or intellectual property. Provided are systems, steps and methods that enable the resolution of value by taking different risks of valuation into account. In one embodiment, property is given an assigned value based upon calculated actual value. In another, a property may not be subject to the value resolution methodology where its value does not fit one or more pre-set parameters. The systems, steps and methods lend themselves to computer implementation. They may find particular usefulness in web based systems where a community of parties may, in effect, trade properties through a number of unrelated individual transactions.