DocuSign had four patents in ecommerce during Q2 2024. DocuSign Inc has developed a system and method for computable contracts that streamline the contract management process by allowing involved parties to easily create, execute, and update contract documents. Additionally, they have created a document execution engine that utilizes machine learning to identify high-risk passages within documents and provide a comparison interface for users to quickly analyze and understand the differences. GlobalData’s report on DocuSign gives a 360-degree view of the company including its patenting strategy. Buy the report here.
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DocuSign had no grants in ecommerce as a theme in Q2 2024.
Recent Patents
Application: System and method for forming, storing, managing, and executing contracts (Patent ID: US20240202663A1)
The patent filed by DocuSign Inc. describes a system and method for computable contracts that involves a contract management system accessible by parties involved in the contract. The system manages the formation stage of a contract document by obtaining object components, assembling a contract object graph, and committing it to post-formation execution. During the post-formation stage, the contract object graph is executed, with instances of execution including receiving contract state updates and appending update object components accordingly. Variations of the system may involve peer-to-peer negotiation, cryptographic contract object graphs, and integration with distributed ledgers.
Claim 1 of the patent outlines a method that includes managing the formation stage of a contract document within a contract management system accessible by involved parties. This involves obtaining object components, creating a contract object graph, and committing it to post-formation execution. During the post-formation stage, the contract object graph is executed, with actions such as receiving contract state updates and appending object components in accordance with the updates. This claim highlights the detailed process involved in the system and method for computable contracts as described in the patent filed by DocuSign Inc.
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GlobalData Patent Analytics tracks bibliographic data, legal events data, point in time patent ownerships, and backward and forward citations from global patenting offices. Textual analysis and official patent classifications are used to group patents into key thematic areas and link them to specific companies across the world’s largest industries.
