|Étienne-Louis Boullée (1728-1799), BnF
Welcome to the Home Page of the generalized version of the Fair Proposals System.
(Visitors wishing to access the Home Page of the version of the system that is
designed solely for use with respect to monetary claims should proceed to
Fair Proposals - MCV.)
The Fair Proposals System
(the "System") allows a party that is willing to carry out an exchange with another
party under certain terms and conditions to make a credible determination as to
whether or not those terms are acceptable to the other party, without first having
to fully disclose all of those terms to the other party, and without having to signify
any willingness to consider compromise. The System does this by placing the other
party in a position where that party can, in confidence, make a similar determination.
To initiate a use of the System, or to run a free test, click on
Issue an Invitation. To respond to
another party's initiation of the System, click on
Respond to an Invitation.
A summary of the process appears below.
Summary of the Process
One party (a "First Party," or "she") deposits something of value (such
as a promissory note, a release, a purchase and sale agreement, or a
settlement agreement that she has signed) as escrow with the administrator
of the System or with some other duly authorized escrow agent. She
authorizes the agent to deliver the escrow to her adversary if her
adversary accepts certain terms by a fixed deadline. She designates at
least one term (such as a monetary amount, a date, a term of years, etc.)
as a confidential term. She then authorizes the administrator of the
System to confidentially interact with the other party in the manner
The administrator of the System gives the other party (the "Second
Party," or "he"):
If the Second Party submits data that satisfies the conditions for
a release of the escrow, the matter is resolved. If he submits data
that does not satisfy those conditions, the System automatically informs
him of that fact and invites him to confidentially submit alternative
data, an invitation that is repeated on each such occasion until the
deadline has been reached. If the matter is not resolved by the
deadline, neither party will know the outcome tendered by the other
side, but each will be able to prove, via an affidavit from the System
administrator, the outcome that he or she had fully tendered to the other
side prior to the deadline.
- notice of what the First Party has done;
- a description of the escrow and of the general nature of any
undisclosed term (such as that it consists of a monetary amount);
- an opportunity to confidentially submit data into the System,
signifying the Second Party's agreement to accept all of the terms
if the undisclosed term falls within certain parameters specified
by him within that data (e.g, if the undisclosed term is a monetary
amount, he can bind himself to accept it if it is, for example,
"equal to or greater than" a number that he specifies).
This website consists of an on-line embodiment of the Fair Proposals
System, and a further understanding of its features may be obtained through
a review of the various web-pages that appear as part of this site. To
learn more about the System, click on
Learn More. To gain a practical
understanding of how it would function in your particular situation, and to
see each of the six steps involved in initiating an invitation, click on
Issue an Invitation.
(For general information about our company and the various systems that we
offer, visit our
Fair Outcomes Home Page.)
Copyright 2005-2013 Fair Outcomes, Inc.
All Rights Reserved. U.S. Patent No. 7,707,118.|
Any unauthorized use or copying of the methods and processes
described or utilized on this website is strictly prohibited.
Fair Outcomes, Inc.