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Serious intent mechanism and method

  • US 20070162343A1
  • Filed: 03/06/2007
  • Published: 07/12/2007
  • Est. Priority Date: 10/30/2000
  • Status: Abandoned Application
First Claim
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1. A method for determining a serious intent to purchase a good or service, comprising the steps of:

  • receiving a declaration of intent to purchase a good or service from a buyer entity and not receiving at substantially the same time a binding commitment to purchase that good or service from a specific selling entity;

    receiving a penalty deposit of value or a penalty authorization to obtain something of value from the buyer entity to facilitate future payment of a penalty;

    determining if a proof of purchase of said good or service has been received within a predetermined period of time;

    if the proof of purchase has been received within the predetermined period of time, then returning the deposit or canceling the authorization.

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