06260024 is referenced by 764 patents and cites 6 patents.

Systems and methods are described for providing a global bilateral buyer-driven system for creating binding contracts by incorporating various methods of communication, commerce and security for the buyers and the sellers. Individual buyers purchase requirements are aggregated into a single collective purchase requirement and sellers are located willing to bid on the collective purchase requirement. A central controller facilitates the buyer/seller transaction by fielding binding offers from buyers, aggregating those offers into group (i.e. pooled) offers and communicating those group offers globally in a format which can be efficiently accessed and analyzed by potential sellers. This system can also effectuate performance of resulting contracts, resolve disputes arising from those contracts, and maintain billing, collection, authentication, and anonymity. The methods disclosed are applicable to any commerce situation involving buyers and sellers.

Method and apparatus for facilitating buyer-driven purchase orders on a commercial network system
Application Number
Publication Number
6260024 (B1)
Application Date
December 2, 1998
Publication Date
July 10, 2001
Gary Shkedy
455 E. 86th St., Apt. 22A, New York
G06F 17/60
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