Method, system, and computer program product for managing an electronic contract

A system and method for generating a filtered product list from a master product list, and for electronically facilitating subsequent contractual activities executed pursuant to a contract. The contract comprises a Business Rules Book containing a set of rules from which specific rules may be select...

Ausführliche Beschreibung

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Bibliographische Detailangaben
Hauptverfasser: ALBAZZ IMADDIN OTHMAN, MIRLAS LEV
Format: Patent
Sprache:eng
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Beschreibung
Zusammenfassung:A system and method for generating a filtered product list from a master product list, and for electronically facilitating subsequent contractual activities executed pursuant to a contract. The contract comprises a Business Rules Book containing a set of rules from which specific rules may be selected for inclusion in the contract. A Terms and Conditions Set representing a unique set of instances of rules selected from the Business Rules Book is selected from a plurality of stored Terms and Conditions Sets. The seller and the buyer settle the provisions of the contract by agreeing to a mutually acceptable set of Terms and Conditions. The administering organization creates a Product List Filter specific to each seller or buyer, targeting products in which there is a mutual interest. The Business Rules Book, Terms and Conditions and Product List Filter are linked in a contract profile, to create a contract representing the agreement between the seller and the buyer, and the contract is locked. The Product List Filter allows the product list visible to the buyer or seller to be altered unilaterally by the administering organization, by modifications to the master product list.