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System and method for administering promotions

  • US 20060041475A1
  • Filed: 08/11/2005
  • Published: 02/23/2006
  • Est. Priority Date: 08/30/1999
  • Status: Abandoned Application
First Claim
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1. A method for enabling a retailer and a manufacturer involved in a plurality of trade promotions for a plurality of products to independently verify the terms of the trade promotions, said method comprising the steps of:

  • before a start of the trade promotions by the retailer, capturing the terms of the trade promotions at least including promoted product identification and at least one of (a) a predetermined payment value the manufacturer will owe the retailer for each promoted product sold by the retailer during the trade promotion, and (b) a predetermined payment value the manufacturer will owe the retailer for conducting the trade promotion in an independent system which operates independently from the retailer and the manufacturer;

    before the start of the trade promotions by the retailer, storing the captured terms of the trade promotions in an electronic database of the independent system; and

    before the start of the trade promotions by the retailer, enabling the retailer and the manufacturer to access the electronic database of the independent system to determine the stored terms of the trade promotions.

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