Patent №
US 5,845,265
Granted
1998-12-01
Filed 1995
Owner
MERCEXCHANGE, L.L.C.
+1 more
Lab
—
AI components
1
nlp
Assignment
Recorded
Dataset
AIPD
2023_r1 edition
Application
08554704
A method and apparatus for creating a computerized market for used and collectible goods by use of a plurality of low cost posting terminals and a market maker computer in a legal framework that establishes a bailee relationship and consignment contract with a purchaser of a good at the market maker computer that allows the purchaser to change the price of the good once the purchaser has purchased the good thereby to allow the purchaser to speculate on the price of collectibles in an electronic market for used goods while assuring the safe and trusted physical possession of a good with a vetted bailee.
AI classification
Ownership
MERCEXCHANGE, L.L.C.
assignment · 88640801
MERCEXCHANGE LLC (VA)
assignment · 112600581
Assignors
WOOLSTON, THOMAS G.
On an employer assignment, the assignors are typically the inventors.