The patent badge is an abbreviated version of the USPTO patent document. The patent badge does contain a link to the full patent document.
The patent badge is an abbreviated version of the USPTO patent document. The patent badge covers the following: Patent number, Date patent was issued, Date patent was filed, Title of the patent, Applicant, Inventor, Assignee, Attorney firm, Primary examiner, Assistant examiner, CPCs, and Abstract. The patent badge does contain a link to the full patent document (in Adobe Acrobat format, aka pdf). To download or print any patent click here.
Patent No.:
Date of Patent:
Jan. 11, 2000
Filed:
Nov. 24, 1997
James B Kelly, Houston, TX (US);
John Farmer, Houston, TX (US);
Mike Warren, Maurice, LA (US);
James R Hartman, Victoria, TX (US);
Other;
Abstract
This invention is directed toward a method of doing business, wherein a first entity, referred to as the Secondary Guarantor, engages in the business of providing and evaluating financial guarantees by way of a joint venture or other arrangement with a second entity, hereafter referred to as the Primary Guarantor, authorized by the appropriate authorities to engage in the writing of financial guarantees. These entities combine to form the 'guarantor' or the 'company'. The guarantee is preferably sold by the secondary guarantor entity to an owner of a product or commodity, and guarantees that the owner will obtain a remuneration subsidy or 'settlement' for the product or commodity at the time of sale, should the sale price be below the cost to produce the product or commodity. The invention is more particularly directed to guaranteeing the owner of cattle, or more specifically the 'feeder' of cattle, an established remuneration subsidy at the time of the sale of the cattle at a price below the cost to produce the marketed cattle.