Method and system for requesting prior art from the public in exchange for a reward

• US 8,527,355 B2
• Filed: 03/28/2008
• Issued: 09/03/2013
• Est. Priority Date: 03/28/2007
• Status: Expired due to Fees

• Current Assignee: Article One Partners, LLC (RWS Holdings Plc)
• Original Assignee: Article One Partners, LLC (RWS Holdings Plc)
• Inventors: Milone, Cheryl, Powell, Steven Brian
• Primary Examiner(s): Smith, Jeffrey A
• Assistant Examiner(s): GEORGALAS, ANNE MARIE
• Application Number:
  US12/058,653
• Publication Number:
  US 20080270255A1
• Time in Patent Office: 1,985 Days
• Field of Search: 705/26, 705/27, 705/26.1, 705/27.1, 705/310
• US Class Current: 705/26.1
• CPC Class Codes: G06Q 40/04 Trading; Exchange, e.g. stocks, commodities, derivatives or currency exchange
• CPC Class Codes: G06Q 40/12 Accounting

Abstract

The present invention is a method and system for requesting from at least one member of the public, information that teaches or describes a technology, or a technology covered by one or more claims of a patent, in exchange for a reward where the information received can be combined with an investment strategy and/or auctioned.

Claims

1. A method for providing a monetized value of information, said method comprising the steps of:

a. displaying on one or more displays coupled to a computer network for access by a plurality of information providers,

i. an information request regarding at least one patent or at least one patent application, and

ii. a description of compensation for at least one of said information providers who provides information responsive to said information request, wherein said compensation comprises a variable component that allows for compensation to vary;

b. receiving, at one or more processors, at least one response from at least one of said information providers;

c. receiving, at the one or more processors, a conclusion, said conclusion comprising whether said at least one response will affect the value of a financial instrument associated with the at least one patent or the at least one patent application;

d. executing, via the one or more processors, based on the conclusion, a financial transaction, wherein said financial transaction comprises trading said financial instrument;

e. displaying, via a display, said conclusion or information describing said conclusion on said computer network;

f. receiving, at the one or more processors, an indication of profit or loss from said financial transaction; and

g. determining and providing, via the one or more processors, said compensation for said at least one of said information providers, wherein said variable component is determined based on said profit from said financial transaction, wherein the amount of profit from the financial transaction provides said monetized value of said information.

2. The method according to claim 1, further comprising applying a percentage of said profit from said financial transaction to said variable component that allows for compensation to vary.

3. The method according to claim 1, wherein said compensation further comprises a fixed component.

4. The method according to claim 1, wherein said compensation comprises a fixed component and said fixed component is a minimum payment.

5. The method according to claim 1, wherein said at least one response comprises an identification of one or more prior art references and said information request is for prior art to the at least one patent or the at least one patent application.

6. The method according to claim 5, wherein said conclusion comprises that the at least one patent is valid or invalid or the at least one patent application is patentable or unpatentable over said one or more prior art references or said one or more prior art references in combination with another prior art reference.

7. The method according to claim 1, further comprising awarding of said profit being triggered by said conclusion or information describing said conclusion.

8. The method according to claim 1, wherein said financial transaction comprises the purchase of a security, the sale of a security, the purchase of a security on a public exchange, the sale of a security on a public exchange, the execution of a trade on a private market, the execution of a trade on a public market, the execution of a trade of a financial instrument, the purchase, sale or exercise of a stock option, a trade of derivative products or a trade of a security on a public exchange.

9. The method according to claim 1, wherein (d) occurs before (e), (e) occurs before (d) or (d) occurs generally at the same time as (e) and wherein said information provider who provides said information communicates with a host of said information request by telephone or using another electronic form than the computer network to provide said information responsive to said information request.

10. The method according to claim 1, wherein said information responsive to said information request is at least one prior art reference to the at least one patent or the at least one patent application.

11. The method according to claim 1, wherein said at least one response comprises evidence of patent infringement and said information request is for evidence of infringement of the at least one patent.

12. The method according to claim 11, wherein said information request is a request for information that the at least one patent is or is not valid.

13. The method according to claim 1, wherein said at least one response comprises one or more industry surveys or surveys of technologies.

14. The method according to claim 1, wherein said conclusion comprises that the at least one patent is valid or invalid, and further wherein, said at least one patent is owned by a entity holding securities which are publicly traded, and said financial transaction comprises the purchase or sale of stock or options in the securities of said entity or in a competitor of said entity, wherein said competitor holds securities that are publicly traded.

15. The method according to claim 1, wherein said information responsive to said information request is relevant to whether the at least one patent is valid or invalid or the at least one patent application is patentable or unpatentable, and further wherein, said patent is owned by a entity holding securities which are publicly traded, and said financial transaction comprises the purchase or sale of stock or options in the securities of said entity or in a competitor of said entity, wherein said competitor holds securities which are publicly traded.

16. The method according to claim 1, wherein the step of providing said compensation comprises describing to at least one person a dollar amount of said compensation, transmitting the dollar amount of said compensation, displaying over said computer network the dollar amount of said compensation or displaying over said computer network a description of said compensation.

17. The method according to claim 1, wherein if said at least one response which is said information responsive to said information request is received from two of said plurality of information providers, then said compensation further comprising being determined by being given to the provider who responded first.

18. The method according to claim 1, wherein said compensation is further related to income from selling said information responsive to said information request.

19. The method according to claim 1, wherein said compensation is further related to results of an auction of one, all, some or only non-winning responses, an auction of a right to receive advanced notice of whether said information responsive to said information request has been received or an auction of ownership of said information request including a determination of whether said information responsive to said information request has been received.

20. The method according to claim 19, wherein said auction is completed and a highest bid is determined prior to publicizing whether said information responsive to said information request has been received and wherein, said highest bid is received whether or not said information responsive to said information request is received.

21. The method according to claim 1, wherein said information request is a request for information as to a portion or a whole of a set of patent claims.

22. The method according to claim 1, wherein said information request is a request for information as to a description or illustration derived from a portion or whole of the at least one patent or the at least one patent application.

23. The method according to claim 1, wherein said information providers are limited to subscribers to an organization carrying out the method.

24. The method according to claim 23, further including the step of providing a reward to a person who refers the most subscribers to the organization in a given period of time.

25. The method according to claim 23, further including the step of providing a reward to any number of people who refer a predetermined number of subscribers to the organization.

26. The method according to claim 1 wherein said information request is a request for information about the ownership and coverage of the at least one patent or the at least one patent application in a particular field of technology, industry or relevant to a company or its competitors.