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US 8,046,247 B2Granted
System and method for reselling a previously sold product
AssigneeWalker Digital, LLC
InventorsJay S. Walker, Daniel E. Tedesco
Life of this patent
Estimating the term…
Abstract
A seller, having previously sold a product to an original purchaser subject to a buyout-provision condition, determines if the buyout-provision condition is satisfied. If the buy-out provision condition is satisfied, the seller retakes the product from the original purchaser and resells the product to a subsequent purchaser.
Claims16
A non-transitory computer readable storage device storing instructions adapted to be executed by a processor to perform steps for reselling a product, said steps comprising:
- selling a reservation for a product to an original purchaser at a first price, wherein the reservation for the product is subject to recall upon an occurrence of a buyout-condition;
- determining, by a seller device, that the buyout-condition is satisfied;
- recalling the reservation for the product from the original purchaser;
- reselling, by the seller device and after the determining, the reservation for the product to a subsequent purchaser at a second price that is greater than the first price;
- and
- providing the original purchaser with a substitute reservation for a product in exchange for the recalled reservation for the product.
3 more elements
A method comprising:
- selling a reservation for a product to a first purchaser at a first price, wherein the reservation for the product is subject to recall upon an occurrence of a triggering condition;
- determining, by a seller device in communication with at least one buyer device, that the triggering condition is satisfied;
- recalling via the seller device, responsive to the determining, the reservation for the product from the first purchaser;
- reselling, via the seller device and after the determining, the recalled reservation for the product to a second purchaser at a second price that is greater than the first price;
- and
- providing the first purchaser with a substitute reservation for a product in exchange for the recalled reservation for the product.
3 more elements
Dependencies are inferred from the claim text.