Confidential market making system
First Claim
1. A method for allowing buyers and sellers of business said buyers and sellers having computer servers connected via a network, said network comprises a redefined database, to interact without revealing significant information to an interested buyer or seller without proper authorization, said method comprising the steps of:
- entering search information by a prospective buyer based on a first level of seller information, wherein at least one level of one or more seller'"'"'s information being previously stored in the database;
searching previously stored seller information within the database in accordance with the entered search information;
displaying the first level of one or more seller'"'"'s information in accordance with the search;
selecting one of the sellers in accordance with the displayed first level of seller information;
displaying a second level of information of the selected seller;
automatically sending an electronic request for more information from the selected seller, if the prospective buyer requests more information;
displaying buyer information to the selected seller, if the seller receives an electronic request from the buyer, said buyer information being previously stored in the database; and
displaying a third level of seller information to the buyer, if the seller approves of the displayed buyer information and provides the buyer viewing authorization.
1 Assignment
0 Petitions
Accused Products
Abstract
A system for allowing users to present themselves to an on-line market with a number of information "veils" which, upon removal, reveal increasing levels of confidential information relating to the business being sold (if a seller) or sought (if a buyer). As prospective buyers (or sellers) consider entering into negotiations with prospective sellers (or buyers), the parties remove the veils one at a time, sequentially affording each complete control over the rate, quantity, and nature of information revealed to the other. The communications are specific between two parties and either party can terminate the communication at any point in the process. Each step is controlled by the user, but executed through the central CBeX System. All veil information concerning system users is directly loaded by the users into the system.
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Citations
22 Claims
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1. A method for allowing buyers and sellers of business said buyers and sellers having computer servers connected via a network, said network comprises a redefined database, to interact without revealing significant information to an interested buyer or seller without proper authorization, said method comprising the steps of:
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entering search information by a prospective buyer based on a first level of seller information, wherein at least one level of one or more seller'"'"'s information being previously stored in the database; searching previously stored seller information within the database in accordance with the entered search information; displaying the first level of one or more seller'"'"'s information in accordance with the search; selecting one of the sellers in accordance with the displayed first level of seller information; displaying a second level of information of the selected seller; automatically sending an electronic request for more information from the selected seller, if the prospective buyer requests more information; displaying buyer information to the selected seller, if the seller receives an electronic request from the buyer, said buyer information being previously stored in the database; and displaying a third level of seller information to the buyer, if the seller approves of the displayed buyer information and provides the buyer viewing authorization. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12)
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13. A method for allowing buyers and sellers of businesses with computer servers connected via a network, said network comprises a predefined database, to interact without revealing significant information to an interested buyer or seller without proper authorization, said method comprising the steps of:
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entering search information by a prospective buyer based on first level of information, wherein the first level of information includes SIC codes, a revenue range and geographical information, wherein said information being previously stored in the database; searching previously stored information within the database in accordance with the entered information; displaying the first level of information of the in accordance with the search; selecting one of the sellers in accordance with the displayed first level of seller information; displaying a second level of information of the selected seller; electronically requesting for a third level of information from the selected seller if the prospective buyer requests more information; displaying first and second levels of buyer information to the selected seller, if the seller receives an electronic request for the third level of seller information, said buyer information being previously stored in the database; displaying a third level of information to the buyer of the selected seller, if the seller approves of the displayed first and second levels of information and provides the buyer viewing authorization; executing a confidentiality agreement over the network, if the buyer and seller are interested in viewing more information; displaying a seller identity to the buyer, if the seller has provided the buyer authorization; electronically requesting for a fourth level of information from the selected seller according to a buyer'"'"'s request for more information; displaying a fourth level of information to the buyer of the selected seller, if the seller is satisfied with the buyer'"'"'s third level of information and has provided the buyer authorization. - View Dependent Claims (14, 15, 16, 17)
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18. A system for allowing buyers and sellers of businesses with computer servers connected via a network, said network comprises a predefined database, to interact without revealing significant information to an interested buyer or seller without proper authorization, said system comprising:
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a means for entering search information by a prospective buyer based on a first level of information, wherein the first level of information includes SIC codes, a revenue range and geographical information and the first level of information being previously stored in the database; a means for automatically searching previously stored seller information within the database in accordance with the buyer entered information and presenting to the buyer the first level of one or more seller'"'"'s information in accordance with the search; a means for selecting one of the sellers in accordance with the displayed first level of seller information; a means for presenting a second level of information according to the selected seller; a means for electronically requesting for a third level of information from the selected seller, if the prospective buyer requests more information; a means for presenting first and second levels of buyer information to the selected seller, if the seller receives an electronic request for the third level of seller information; a means for presenting a third level of information to the buyer of the selected seller, if the seller approves of the displayed first and second levels of information and provides the buyer viewing authorization; a means for executing a confidentiality agreement over the network, if the buyer and seller are interested in viewing more information; a means for presenting a seller identity to the buyer, if the seller has provided the buyer authorization; a means for electronically requesting for a fourth level of information from the selected seller according to a buyer'"'"'s request for more information; a means for presenting a third level of buyer information to the selected seller, if the seller receives and electronic request for more levels of information; and a means for presenting a fourth level of information to the buyer of the selected seller, if the seller is satisfied with the buyer'"'"'s third level of information and has provided the buyer authorization. - View Dependent Claims (19, 20, 21, 22)
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Specification