System and method for managing purchasing contracts
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United States of America Patent
Stats
-
Mar 21, 2006
Grant Date -
Jan 24, 2002
app pub date -
Jan 17, 2001
filing date -
Apr 4, 2000
priority date (Note) -
In Force
status (Latency Note)
Importance
Abstract
A method of managing purchasing contracts between a supplier entity and a customer entity for the purchase of ticket products includes the step of generating a purchasing contract between the two entities. The generated contract is applicable to ticketing transactions effected through a computerized system and, which, effect a ticket purchase by the customer entity. Contract terms are identified which are defined by term attributes then, a term data set of the term attributes associated with each contract term is stored in a computer database. Furthermore, transaction data relating to purchasing transactions are collected and also stored in a computer database. A computer program is executed to identify purchasing transactions as contracted transactions (i.e., applicable to a contract) by selecting a portion of the transaction data for a transaction and comparing this portion with the term attributes for a contract term.
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