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US 2003/0208397 A1Published application
Method of doing business and security instrument
OwnerDennis A. VanDuseninventor
Life of this patent
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Abstract
Disclosed are a method of doing business and a security instrument. An exemplary method includes creating an equity pool with a plurality of equity interests; and compensating an associate, who has completed a milestone of a project, with a portion of the equity pool. An exemplary security instrument includes an equity pool and a security interest in the equity pool.
Claims15
A method of contracting services, comprising:
- creating an equity pool with a plurality of equity interests in one or more companies;
- compensating an associate who has completed at least one milestone of a project with a portion of the equity pool.
A method of contracting services for a project, comprising:
- parsing the project into project tasks;
- soliciting bids on at least one of the project tasks;
- awarding at least one of the project tasks to at least one associate based on a received bid from the at least one associate;
- assessing the at least one associate's performance of the at least one project task;
- and
- compensating the at least one associate based on the assessment and/or the received bid.
3 more elements
A method of granting a sweat equity security, comprising:
- creating an equity pool including a plurality of equity interests in one or more companies each of which has an associated project or project task;
- receiving a service from at least one contributor that contributes to completion of at least a portion of one of the project tasks or projects;
- awarding at least a portion of the equity pool based on at least partial completion of at least one of the project tasks or projects.
A security instrument, comprising:
- an equity pool including a plurality of equity interests in one or more companies each of which has an associated project or project task;
- and
- a security interest in the equity pool awarded based on at least partial completion of at least a portion of one of the project tasks or projects.
Dependencies are inferred from the claim text.