05794207 is referenced by 1767 patents and cites 10 patents.

The present invention is a method and apparatus for effectuating bilateral buyer-driven commerce. The present invention allows prospective buyers of goods and services to communicate a binding purchase offer globally to potential sellers, for sellers conveniently to search for relevant buyer purchase offers, and for sellers potentially to bind a buyer to a contract based on the buyer's purchase offer. In a preferred embodiment, the apparatus of the present invention includes a controller which receives binding purchase offers from prospective buyers. The controller makes purchase offers available globally to potential sellers. Potential sellers then have the option to accept a purchase offer and thus bind the corresponding buyer to a contract. The method and apparatus of the present invention have applications on the Internet as well as conventional communications systems such as voice telephony.

Title
Method and apparatus for a cryptographically assisted commercial network system designed to facilitate buyer-driven conditional purchase offers
Application Number
8/707660
Publication Number
5794207
Application Date
September 4, 1996
Publication Date
August 11, 1998
Inventor
James A Jorasch
Stamford
CT, US
Bruce Schneier
Oak Park
IL, US
Jay S Walker
Ridgefield
CT, US
Agent
Morgan & Finnegan
Agent
Jeffrey L Brandt
Assignee
Walker Asset Management Partnership
CT, US
IPC
G06F 15/20
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