US Patent Issued to Transactency on May 6 for "Systems and methods for contract negotiation and drafting" (Illinois Inventors)

ALEXANDRIA, Va., June 10 -- United States Patent no. 12,293,426, issued on May 6, was assigned to Transactency LLC (St. Charles, Ill.).

"Systems and methods for contract negotiation and drafting" was invented by Michael Denker (St. Charles, Ill.) and Joseph Brennan (Highland Park, Ill.).

According to the abstract* released by the U.S. Patent & Trademark Office: "The systems and methods herein provide a user-friendly, automated and transparent, contract drafting and negotiation tool. Through the contract drafting and negotiation tool two parties can negotiate agreement using template agreements including one or more sections in which each user is able to select one of a plurality of input options that affect the terms of the contract. In e...