METHOD, SYSTEM AND PROGRAM PRODUCT FOR ELECTRONICALLY EXECUTING CONTRACT WITHIN SECURE COMPUTER INFRASTRUCTURE

摘要

PROBLEM TO BE SOLVED: To provide a method, a system and a program product for electronically executing contracts within a secure computer infrastructure.

SOLUTION: A customized contract is created based on the needs of the parties in charge and is then stored within the secure computer infrastructure. Security within the computer infrastructure is provided through encryption such as 128 bit encryption. All actions taken with respect to the contract occur within the infrastructure and are recorded. Any party taking action will first be authenticated before access to the infrastructure is granted. In order for the contract to be electronically executed, both the originating contract partner and the receiving contract partner must first deliberately agree on the contract. Once agreement has been obtained, the contract can be electronically put into effect by both parties. After effect is complete, a final image of the contract is generated that includes the electronic signatures and the effective date.

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