System and method for prepaying for services or goods to be consumed at a future date
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United States of America Patent
Stats
-
N/A
Issued Date -
Jan 10, 2002
app pub date -
Apr 19, 2001
filing date -
Feb 5, 1999
priority date (Note) -
Abandoned
status (Latency Note)
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Importance
US Family Size
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Non-US Coverage
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Abstract
A method for allowing plural participants to prepay for services or goods to be received at a later date from one of plural specified providers is administered by an administrating entity. In the method, contracts are executed between the administrating entity and each participant in which the participant pays to the administrating entity a cash amount, and in return receives from the administrating entity a promise to deliver at a future date a specified measure of services or goods, to be provided by whichever of the specified providers the participant selects. Predicted total measures of services are goods that will be required from each provider by the aggregate of the participants are determined, and contracts are executed between the administrating entity and the providers in which the administrating entity pays to the contracting provider a specified amount, and in return receives from the provider a promise to deliver a specified measure of goods or services.
First Claim
Family
- 15 United States
- 10 France
- 8 Japan
- 7 China
- 5 Korea
- 2 Other
Patent Owner(s)
Patent Owner | Address | |
---|---|---|
CINCOTTA DAVID | Not Provided |
International Classification(s)
Inventor(s)
Inventor Name | Address | # of filed Patents | Total Citations |
---|---|---|---|
Cincotta, David | South Orange, NJ | 1 | 38 |
Cited Art Landscape
- No Cited Art to Display
Patent Citation Ranking
Forward Cite Landscape
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Maintenance Fees
Fee | Large entity fee | small entity fee | micro entity fee | due date |
---|
Fee | Large entity fee | small entity fee | micro entity fee |
---|---|---|---|
Surcharge after expiration - Late payment is unavoidable | $700.00 | $350.00 | $175.00 |
Surcharge after expiration - Late payment is unintentional | $1,640.00 | $820.00 | $410.00 |
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