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:
Oct. 04, 2011
Filed:
Jun. 17, 2009
Stuart G. Pickard, Ann Arbor, MI (US);
Raphael A. Monsanto, Grosse Pointe, MI (US);
Stuart G. Pickard, Ann Arbor, MI (US);
Raphael A. Monsanto, Grosse Pointe, MI (US);
Other;
Abstract
A method of transacting sales over a computerized network correlates in a first database record a first product and a plurality of first purchasers to form a pool; further correlates a plurality of second purchasers; issues an offer to a vendor of the first product; and consummates a transaction between the vendor and the first and second purchasers. The offer is issued to the vendor responsive to a time rate of accumulation of buyers in the pool. A first commitment price for buyers is responsive to historical sales performance of the first product; a price trend of an article similar to the first article; or a price trend of the first article itself over time. A second product desired to be purchased by a first purchaser is defined, and an offer is made to a vendor for the purchase of the second product.