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:
Dec. 12, 2000
Filed:
Jul. 01, 1996
Norman Hardy, Portola Valley, CA (US);
E Dean Tribble, Los Altos Hills, CA (US);
Mark S Miller, Los Altos, CA (US);
John D Corbett, Palo Alto, CA (US);
Eric C Hill, Palo Alto, CA (US);
Christopher T Hibbert, Mountain View, CA (US);
Sun Microsystems, Inc., Mountain View, CA (US);
Abstract
A system and method are disclosed that enable exclusive rights in generic goods to be transferred from one party to another. A party holds an exclusive right to a good through a rescindable capability. When two parties agree on a transfer of the exclusive right to the good, a goods description memorializing the agreement is created which is in synergy with the rescindable capability. The goods description includes an acquire method that is the only method that can extract rights from the rescindable capability with which it is in synergy. The object from which the generic right is being transferred sends a message to the recipient with a reference to the rescindable capability. Upon receiving the message, the recipient invokes the acquire method of the referenced goods description, which returns a new rescindable capability that encompasses the generic right just transferred. Once the recipient holds a reference to the new rescindable capability, the sender has had its rights rescinded. Because details of a transfer are implemented between a rescindable capability and a goods description, rights to goods of any type can be transferred. This is useful in escrow transactions, where a trusted third party with no knowledge of goods being exchanged can effect exchanges of exclusive rights to generic goods by two mutually-suspicious parties.