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. 10, 2012
Filed:
Feb. 12, 2007
Robert M. Fell, Summerland, CA (US);
Scott Painter, Bel Air, CA (US);
Michael R. Bonsignore, Seattle, WA (US);
Brian P. Reed, Southlake, TX (US);
Gary A. Magnuson, Corpus Christi, TX (US);
Robert M. Fell, Summerland, CA (US);
Scott Painter, Bel Air, CA (US);
Michael R. Bonsignore, Seattle, WA (US);
Brian P. Reed, Southlake, TX (US);
Gary A. Magnuson, Corpus Christi, TX (US);
Pricelock, Inc., Irving, TX (US);
Abstract
Systems and methods for the provisioning of price protection contracts which provide price protection against adverse fluctuations in the retail price of a commodity to a consumer are disclosed. While these price protection contracts may pertain to almost any type of commodity, certain embodiments of the present invention may provide systems and method for allowing a consumer to obtain price protection on the purchase of fuel. Specifically, embodiments of the present invention may provide the ability for fleet managers to obtain a price protection contract for the purchase of fuel where the price protection contract specifies at least one lock price, quantity, locale and time period such that the price protection contract may guarantee the right to aggregately purchase the quantity of fuel in the locale at the lock price during the time period.