CONSIGNMENT NODES

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.

Natural languageG06Q 30/06G06Q 20/12G06Q 40/04

AI classification

Natural language0.79
Speech0.01
Vision0.00
Knowledge representation0.00
Planning0.00
Machine learning0.00
AI hardware0.00
Evolutionary computation0.00

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.

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