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.

Date of Patent:
Jan. 31, 2006

Filed:

Apr. 28, 2000
Applicants:

Peter James Heissenbuttel, Ridgefield, CT (US);

William Morrison Homes, Darien, CT (US);

Sarah Dodge Johnson, Stamford, CT (US);

Thomas M. Sparico, Stamford, CT (US);

Robert S. Wisse, Fairfield, CT (US);

Inventors:

Peter James Heissenbuttel, Ridgefield, CT (US);

William Morrison Homes, Darien, CT (US);

Sarah Dodge Johnson, Stamford, CT (US);

Thomas M. Sparico, Stamford, CT (US);

Robert S. Wisse, Fairfield, CT (US);

Assignee:

priceline.com Incorporated, Norwalk, CT (US);

Attorney:
Primary Examiner:
Int. Cl.
CPC ...
G06F 17/60 (2006.01);
U.S. Cl.
CPC ...
Abstract

A system and method of allocating a conditional purchase offer for a product or service to one of a plurality of entities in a buyer-driven system. The conditional purchase offer for the product or service in a specified relevant market area is received and at least one of the plurality of entities capable of satisfying the conditional purchase offer are identified. A first-look opportunity to accept the conditional purchase offer is allocated to one of the identified entities and, if it is determined that that entity cannot accept the conditional purchase offer, then a second-look opportunity to accept the conditional purchase offer is provided to one of the remaining entities. The opportunity to accept the offer is provided to each entity according to the allocation until an entity accepts the conditional purchase offer or no eligible entities remain.


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