Systems and methods for recalling a previously sold product
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United States of America Patent
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Sep 24, 2013
Grant Date -
Jun 27, 2013
app pub date -
Feb 15, 2013
filing date -
Mar 2, 1999
priority date (Note) -
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status (Latency Note)
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Abstract
In accordance with some embodiments, a unit of product is sold by a seller to a buyer at a first price and subject to a recall upon acceptance of a buyout provision. It is then determined that a buyout condition for outputting to the buyer a buyout notification has been satisfied, the buyout notification based on the buyout provision and the buyout notification is output to the buyer, informing the buyer that the seller is interested in recalling the unit of the product and requesting the buyer to define an amount of value for which the buyer is willing to surrender the unit of product (a recall payment amount). If the seller accepts the recall payment amount, the seller recalls the unit of product in exchange for providing the buyer with the recall payment amount.
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