The patent badge is an abbreviated version of the USPTO patent document. The patent badge does contain a link to the full patent document.
The patent badge is an abbreviated version of the USPTO patent document. The patent badge covers the following: Patent number, Date patent was issued, Date patent was filed, Title of the patent, Applicant, Inventor, Assignee, Attorney firm, Primary examiner, Assistant examiner, CPCs, and Abstract. The patent badge does contain a link to the full patent document (in Adobe Acrobat format, aka pdf). To download or print any patent click here.
Patent No.:
Date of Patent:
Nov. 12, 2019
Filed:
May. 24, 2011
David Chao, Austin, TX (US);
Brian Blount, Austin, TX (US);
Joshua Toub, Austin, TX (US);
Shari Gharavy, Austin, TX (US);
Cheng Zhou, Austin, TX (US);
Charles Erickson, Cedar Park, TX (US);
David Chao, Austin, TX (US);
Brian Blount, Austin, TX (US);
Joshua Toub, Austin, TX (US);
Shari Gharavy, Austin, TX (US);
Cheng Zhou, Austin, TX (US);
Charles Erickson, Cedar Park, TX (US);
Versata Development Group, Inc., Austin, TX (US);
Abstract
A system provides a way to manage agreements that institutions such as financial services companies have with distributors who sell their products. Each distributor has a plurality of sales representatives that earn commissions for selling such products. The commissions earned and any other constraints imposed on the sales representatives may be defined within a selling agreement. The system can generate each selling agreement utilizing a set of components representative of the type of agreement formed between the institutions and the distributor. The components of each selling agreement contain an associated rule set that enables a configuration engine to generate an appropriate document. The system also contains a set of regulatory conditions for each sale made by the sales representatives. The system may be utilized to process sales transaction data to ensure that selling agreement terms are followed and that regulations for each sale are satisfied.