System and method for on line resolution of disputes

A method of resolving a dispute using an on line system, said method comprising:

• an on line system providing for an initiating party to initiate an offer to settle a dispute, said offer comprising a first settlement range;
• the on line system notifying a responding party that that the offer is initiated;
• the on line system providing for the responding party to initiate a response to settle the dispute, said response comprising a second settlement range;
• and
• the on line system notifying the initiating and responding parties whether a settlement is reached based on the first and second settlement ranges.

A method of resolving a dispute between an initiating party and a responding party comprising:

• providing for an initiating party to select a first increment value;
• providing for the initiating party to select a first settlement range from a plurality of settlement ranges generated based on the first increment value;
• and
• providing for an initiating party to initiate an offer to settle a dispute, said offer comprising the first settlement range.

A computer program product comprising:

• a computer usable medium having computer readable program code embodied therein configured to resolve a dispute, said computer program product comprising:
• computer readable code configured to cause a system to provide for an initiating party to select a first increment value;
• computer readable code configured to provide for the initiating party to select a first settlement range from a plurality of settlement ranges generated based on the first increment value;
• and
• computer readable code configured to provide for an initiating party to initiate an offer to settle a dispute, said offer comprising the first settlement range.

A computing system for resolving disputes, said system comprising:

• a processor;
• a memory coupled to said processor;
• code executed by said processor configured to resolve a dispute;
• said code comprising:
• a method providing for an initiating party to select a first increment value;
• a method providing for the initiating party to select a first settlement range from a plurality of settlement ranges generated based on the first increment value;
• and
• a method providing for an initiating party to initiate an offer to settle a dispute, said offer comprising the first settlement range.