System and method for establishing and managing subscription purchase agreements including commitments to purchase goods over time at agreed upon prices
Number of patents in Portfolio can not be more than 2000
United States of America Patent
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Oct 19, 1999
Grant Date -
N/A
app pub date -
Jul 8, 1997
filing date -
Jul 8, 1997
priority date (Note) -
In Force
status (Latency Note)
Importance
Abstract
A system and process for distributing a product in accordance with a subscription purchase agreement that includes the establishment by a customer of an account with a seller of a product, the assignment of a customer identification number to the account maintained by a customer, the receipt of a credit card number corresponding to the customer, and the receipt of a request from the customer to purchase the product from the seller. The request includes a set of purchase terms and conditions related to the product. Also, the set of purchase terms and conditions are recorded for the customer. The set of purchase terms and conditions indicate a purchase price for the product. A customer's credit card or other account may be assessed a penalty in the event that the customer does not honor the purchase terms and conditions.
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