Generic transfer of exclusive rights
First Claim
1. A system that provides generic transfer of exclusive rights, comprising:
- a rescindable right to part or all of a generic good represented as a first program object encapsulating said rescindable right;
a first party having rescindable possession of said rescindable right, holding a pointer to said first program object and not said rescindable right;
a third program object able to do legitimately to said rescindable right what no other entity can legitimately do, said third program object memorializing an agreement between first and second parties that said rescindable right is to be transferred from said first party to said second party;
a second program object being configured to encapsulate said rescindable right;
said third program object being configured to implement said agreement by transferring said rescindable right from said first program object to said second program object;
said second party exclusively holding said rescindable right indirectly through said second program object and said third program object ensuring that said first program object no longer encapsulates said rescindable right following said transfer.
1 Assignment
0 Petitions
Accused Products
Abstract
A system and method are disclosed that enable exclusive rights in generic goods to be transferred from one party to another. A party holds an exclusive right to a good through a rescindable capability. When two parties agree on a transfer of the exclusive right to the good, a goods description memorializing the agreement is created which is in synergy with the rescindable capability. The goods description includes an acquire method that is the only method that can extract rights from the rescindable capability with which it is in synergy. The object from which the generic right is being transferred sends a message to the recipient with a reference to the rescindable capability. Upon receiving the message, the recipient invokes the acquire method of the referenced goods description, which returns a new rescindable capability that encompasses the generic right just transferred. Once the recipient holds a reference to the new rescindable capability, the sender has had its rights rescinded. Because details of a transfer are implemented between a rescindable capability and a goods description, rights to goods of any type can be transferred. This is useful in escrow transactions, where a trusted third party with no knowledge of goods being exchanged can effect exchanges of exclusive rights to generic goods by two mutually-suspicious parties.
24 Citations
14 Claims
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1. A system that provides generic transfer of exclusive rights, comprising:
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a rescindable right to part or all of a generic good represented as a first program object encapsulating said rescindable right; a first party having rescindable possession of said rescindable right, holding a pointer to said first program object and not said rescindable right; a third program object able to do legitimately to said rescindable right what no other entity can legitimately do, said third program object memorializing an agreement between first and second parties that said rescindable right is to be transferred from said first party to said second party; a second program object being configured to encapsulate said rescindable right; said third program object being configured to implement said agreement by transferring said rescindable right from said first program object to said second program object;
said second party exclusively holding said rescindable right indirectly through said second program object and said third program object ensuring that said first program object no longer encapsulates said rescindable right following said transfer. - View Dependent Claims (2, 3, 4, 5, 6, 7)
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8. A method for providing generic transfer of exclusive rights, comprising the steps of:
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representing a rescindable exclusive right to a generic good as a wrapper encapsulating said right; granting only to a party in exclusive possession of said right access to said wrapper and not said right, no other parties having access to said wrapper; transferring said right from a first party in exclusive possession of said right to a second party via a privileged entity able to do legitimately to said encapsulated right what no other entity can legitimately do; said privileged entity carrying out said transferring by creating a new wrapper encapsulating said right and ensuring that neither the existing wrapper nor any other pre-existing wrapper any longer encapsulates said rights. - View Dependent Claims (9, 10, 11, 12, 13, 14)
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Specification