Method and system for online sales and purchases
Number of patents in Portfolio can not be more than 2000
United States of America Patent
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Oct 2, 2012
Grant Date -
Mar 24, 2011
app pub date -
Oct 13, 2009
filing date -
Oct 10, 2000
priority date (Note) -
In Force
status (Latency Note)
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Abstract
Internet-based commercial network connects multiple qualified participant buyers and sellers. Items are made available for defined periods of time, referred to as an event (139). Event terms and conditions include item types, price, quantity, volume or units, discount, shipping terms (138). Reiterative offer and counteroffers permit negotiation of terms for an event. Participants may view anonymous competitive quotes for comparison and analysis. Pooled purchases and auctions are envisioned. Participants may create web presences and are subject to restrictions on access (141) and purchase (142) authority. Central system maintains participant data.
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