Serious intent mechanism and method
Number of patents in Portfolio can not be more than 2000
United States of America Patent
Stats
-
N/A
Issued Date -
May 2, 2002
app pub date -
May 23, 2001
filing date -
Oct 30, 2000
priority date (Note) -
Abandoned
status (Latency Note)
Importance
Abstract
A method and system for determining a serious intent to purchase a good or service, comprising the steps of: receiving a declaration of intent to purchase a good or service from a buyer entity and not receiving at substantially the same time a commitment to purchase that good or service from a specific selling entity; receiving a penalty deposit of value or a penalty authorization to obtain something of value from the buyer entity to facilitate future payment of a penalty; determining if a proof of purchase of the good or service has been received within a predetermined period of time; if the proof of purchase has been received within the predetermined period of time, then returning the deposit or canceling the authorization.
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