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:
Apr. 03, 2007
Filed:
Oct. 23, 2003
Lawrence R. Miller, Redding, CT (US);
Khaja E. Ahmed, Pleasanton, CA (US);
Navin Vasanthakumar, Basking Ridge, NJ (US);
Mark Robinson, Sutherland, GB;
Jeffrey F. Boyd, New York, NY (US);
Deborah Goldstein, Brooklyn, NY (US);
Peter Cerra, Hamilton, NJ (US);
Lawrence R. Miller, Redding, CT (US);
Khaja E. Ahmed, Pleasanton, CA (US);
Navin Vasanthakumar, Basking Ridge, NJ (US);
Mark Robinson, Sutherland, GB;
Jeffrey F. Boyd, New York, NY (US);
Deborah Goldstein, Brooklyn, NY (US);
Peter Cerra, Hamilton, NJ (US);
IdenTrust, Inc., San Francisco, CA (US);
Abstract
A system and method for providing warranties that financially guarantee one or more facts associated with an electronic transaction. In a preferred embodiment, warranties issued to the present system comprise a contract between a first party and a second party in which the first party: (1) warrants one or more warranted facts (2) for damages up to a warranted amount (3) if claimed by a relying customer within a claim period. The warranty is preferably issued by a participant in response to a request received from a customer that specifies a desired warranted amount and claim period. The participant and root entity evaluate the request in light of a plurality of factors and determine whether or not the warranty should be issued. In a preferred embodiment, the warranty comprises a contract between the buyer and its issuing participant. The seller is preferably a third-party beneficiary of this contract.