Agent controlled commission system
First Claim
1. A system for determining commissions earned by an agent, the system comprising:
- a server configured for communication over a network; and
a memory associated with the server, the memory containing a relationship between purchase prices and commissions earned for a sale of one or more goods or services;
the memory further containing stored programming instructions that, when executed by the server, cause the server to determine the commissions earned by the agent.
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Accused Products
Abstract
The present invention comprises a system in which agents establish their own prices for goods and services and a principal pays commissions automatically based on the agent-established prices. The system is preferably implemented over the Internet, in which the principal operates a server for the purpose of evaluating purchases, determining commissions, and processing orders. One or more agents sell goods and services via tailored Internet sites, and can each adjust their prices independently. At various times, the principal pays the applicable commissions, determining the commissions for each agent based upon their separately-established pricing.
21 Citations
20 Claims
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1. A system for determining commissions earned by an agent, the system comprising:
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a server configured for communication over a network; and
a memory associated with the server, the memory containing a relationship between purchase prices and commissions earned for a sale of one or more goods or services;
the memory further containing stored programming instructions that, when executed by the server, cause the server to determine the commissions earned by the agent. - View Dependent Claims (2, 3, 4, 5, 6)
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7. A method for processing orders by a principal for goods or services sold by an agent in an agent-controlled commission system, the method comprising:
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establishing a relationship between a purchase price and commissions earned;
receiving a request from the agent to sell the goods or services at particular prices;
evaluating the request and, if acceptable, approving the request; and
determining the commissions earned for goods or services sold at the particular prices. - View Dependent Claims (8, 9, 10, 11, 12, 13, 14, 15, 16)
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17. A system for determining commissions earned by an agent, the system comprising:
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a server configured for communication over a network;
a memory associated with the server, the memory containing a relationship between purchase prices and commissions earned for a sale of one or more goods or services;
a means for determining commissions earned by the agent based on the stored relationship.
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- 19. The system of claim 18, further comprising a means for receiving requests by the agent to adjust the purchase prices.
Specification