Methods and Systems for Managing and Tracking Electronic Contract Obligations
Systems and methods disclosed herein for providing information about an obligation of an electronic contract. One embodiment involves receiving, at an electronic contract obligation server, an annotation associated with the electronic contract, the annotation specifying the obligation to be performed by a performing participant of the electronic contract according to a time constraint for the benefit of a benefited participant of the electronic contract, the electronic contract obligation server independent of the performing participant and the benefited participant. The embodiment further involves identifying, by the electronic contract obligation service, the information about the obligation based on the annotation associated with the electronic contract. The embodiment further involves providing, by the electronic contract obligation service, the information about the obligation to the performing participant or the benefited participant.
1 . In a computer network environment, a method for providing information about an obligation of an electronic contract, the method comprising:
receiving, at an electronic contract obligation server, an annotation associated with the electronic contract, the annotation specifying the obligation to be performed by a performing participant of the electronic contract according to a time constraint for the benefit of a benefited participant of the electronic contract, the electronic contract obligation server independent of the performing participant and the benefited participant;
identifying, by the electronic contract obligation service, the information about the obligation based on the annotation associated with the electronic contract; and
providing, by the electronic contract obligation service, the information about the obligation to the performing participant or the benefited participant.
2 . The method of claim 1 wherein providing the information comprises sending an electronic notification to a contact associated with the performing participant or the benefited participant.
3 . The method of claim 1 wherein providing the information comprises providing a subsection of the contract specifying the obligation associated with the annotation.
4 . The method of claim 1 wherein providing the information comprises sending periodically-recurring reminder messages, wherein the annotation specifies a reminder schedule for sending the periodically-recurring reminder messages.
5 . The method of claim 1 wherein providing the information comprises sending an electronic communication to an automated system of the performing participant or the benefited participant.
6 . The method of claim 1 wherein providing the information comprises making the contract obligation available through a user interface, wherein a contact associated with the performing participant or the benefited participant accesses the user interface electronically to access the information.
7 . The method of claim 1 further comprising:
tracking performance of the obligation by the performing participant; and
providing information about the performance of the obligation to the performing participant or the benefited participant.
8 . The method of claim 1 , wherein the annotation is stored as part of the electronic contract in a single electronic document.
9 . The method of claim 1 further comprising storing the electronic contract at the electronic contract obligation server and providing the electronic contract to the performing participant or the benefited participant.
10 . The method of claim 1 further comprising updating the annotation based on a change resulting from a modification to the electronic agreement or a subsequent agreement.
11 . In a computer network environment, a method of annotating an electronic contract to provide information about an obligation of the electronic contract, the method comprising a processor performing operations comprising:
identifying the obligation associated with a subsection of the electronic contract, the obligation to be performed by a performing participant of the electronic contract according to a time constraint for the benefit of a benefited participant of the electronic contract;
creating an annotation specifying the obligation and the time constraint; and
associating the annotation with the electronic contract, wherein the annotation is used to identify information about the obligation that is provided to the performing participant or the benefited participant.
12 . The method of claim 11 further comprising receiving input identifying a subsection of the electronic contract as a source of the obligation, wherein the annotation identifies the subsection of the electronic contract as the source of the obligation.
13 . The method of claim 11 further comprising automatically identifying a subsection of the electronic contract as a source of the obligation using a natural language processing algorithm, wherein the annotation identifies the subsection of the electronic contract as the source of the obligation.
14 . The method of claim 11 further comprising:
automatically identifying a subsection of the electronic contract as a source of the obligation using a natural language processing algorithm, wherein the annotation identifies the subsection of the electronic contract as the source of the obligation; and
receiving user input confirming that the subsection of the electronic contract is the source of the obligation.
15 . The method of claim 11 further comprising:
receiving input identifying an obligation parameter of the obligation, specifying how the obligation is to be performed; and
including the obligation parameter in the annotation.
16 . The method of claim 11 further comprising:
receiving input identifying a notification parameter specifying how one or more electronic contract participants is to receive notifications regarding the obligation; and
including the notification parameter in the annotation.
17 . The method of claim 11 further comprising storing the annotation as part of the electronic contract in a single electronic document.
18 . The method of claim 11 further comprising:
providing an electronic signature interface for the performing party or benefited party to both execute the electronic contract and identify or confirm the annotation.
19 . The method of claim 11 wherein the annotation specifies that both the performing party and benefited party will receive notifications regarding the obligation.
20 . A system comprising:
a processing device; and
a memory device communicatively coupled to the processing device,
wherein the processing device is configured to execute instructions included in the memory device to perform operations comprising:
receiving, at an electronic contract obligation server, an annotation associated with the electronic contract, the annotation specifying the obligation to be performed by a performing participant of the electronic contract according to a time constraint for the benefit of a benefited participant of the electronic contract, the electronic contract obligation server independent of the performing participant and the benefited participant;
identifying, by the electronic contract obligation service, the information about the obligation based on the annotation associated with the electronic contract; and
providing, by the electronic contract obligation service, the information about the obligation to the performing participant or the benefited participant.