Method and system for conducting electronic auctions with net present value bidding
CA 2369111 A1 · Owner: Bernard, Anthony F. · Inventors: Stevens, Robert G.; Becker, David J.; Heckmann, Daniel C.
Overview
Its claims, description and drawings are in the Canadian Patents Database.
Open the CIPO recordAbstract From the Canadian patent
A method and system for a business-to-business online auction is described. Bids by participating bidders are specified over multiple contract term segments (e.g. years), and define a pattern of cash payments over time. The auction system converts the defined pattern of cash payments over time into a net present value bid. The net present value bids are used to effect a common basis of comparison between participating bidders.
Read the whole patent
Listed from its CIPO record in Patent Yard's archive of Canadian patents past their term. Its claims, description and drawings are in the CIPO record and on Google Patents, and the Claude kit works from them.
Why it's free to use
- Filed March 31, 2000. No grant is recorded for it in Canada; had it been granted, its 20-year term would have ended March 31, 2020.
- A certificate of supplementary protection adds at most two years for a drug, so even that would have ended by March 31, 2022.
- We check Canadian rights only. A patent in its family in another country could still be in force: check its family on Google Patents.
Timeline
Timeline From CIPO dates
Sources & verification
Official CIPO records
Everything on this page comes from the CIPO record linked above. Contains information licensed under the Open Government Licence – Canada.