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US 2012/0072298 A1Published application
Method and System for Facilitating Automated Real Time Negotiating and Bargaining Followed by Purchase of Merchandize
OwnerSrinivasan Ramanujam, Devendra Joshiinventors
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Abstract
The preferred embodiment of the present invention is directed to a method, and system to automate real time price negotiation and bargaining followed by actual purchase of merchandize or service at a retail location. The merchandize can range from real goods and/or service(s) available at any store or retail outlet to entertainment such as movies, concerts, sporting events and others.
Claims33
A method for real-time, electronic negotiating and bargaining, comprising the steps of:
- bargaining iteratively to identify what a willing buyer expects from a willing seller and what a willing seller expects from a willing buyer;
- and
- executing a completed transaction in response to the willing buyer and the willing seller reaching a negotiated agreement upon what each one of them expects from the other.
A real-time negotiating and bargaining system, comprising:
- means for haggling iteratively to identify what a willing buyer expects from a willing seller and what a willing seller expects from a willing buyer;
- and
- means for executing a completed transaction in response to the willing buyer and the willing seller reaching agreement upon what each one of them expects from the other.
Dependencies are inferred from the claim text.