Method and system for providing price protection related to the purchase of a commodity

US8160952B1 · kind B1 · utility

Assignee

• Pricelock, Inc. · US

Inventors

• Robert M. Fell · Summerland, US
• Gary A. Magnuson · Port Aransas, US
• Hal Connor Elrod · Houston, US
• Bradley Weill · Mountain View, US
• Thomas Gros · Houston, US

Key dates

• Filing date: Feb 12, 2009
• Grant date: Apr 17, 2012
• Expiry date: Feb 19, 2029

Classification

• Technology area (CPC G): Physics
• CPC primary: G06Q40/08
• WIPO field: IT methods for management
• WIPO sector: Electrical engineering

Abstract

Systems and methods described herein pertain to providing price protection programs related to the purchase of a commodity to a consumer. Embodiments of such a program may provide price protection related to the purchase of a commodity to the consumer so that when a consumer purchases the commodity, the price the consumer pays for the commodity may be determined under the provided program. Embodiments of these programs may be quite useful in incentivizing consumers in certain ways, including to seek or obtain employment from a particular employer.