Invoiceless trading and settlement method and system
CA 2372670 A1 · Owner: Duncan, William James · Inventors: Duncan, William James
Overview
Its claims, description and drawings are in the Canadian Patents Database.
Open the CIPO recordAbstract From the Canadian patent
Methods and systems consistent with the present invention overcome the shortcomings of existing trading systems by providing an invoiceless trading system (100) that creates incentives for customers to pay suppliers within a predetermined period of time, such as a settlement period. Specifically the , invoiceless trading system (100) enables a customer to obtain a discount on orders placed with suppliers in return for an immediate payment (e.g. within 24 hours) by the customer. The supplier receives payment within the predetermined period of time, and the customer receives additional cash benefits by providing an early payment to the supplier. To communicate with and transfer funds …
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 May 2, 2000. No grant is recorded for it in Canada; had it been granted, its 20-year term would have ended May 2, 2020.
- A certificate of supplementary protection adds at most two years for a drug, so even that would have ended by May 2, 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.