Methods and systems for providing and managing novelty deeds or fractional interests in property
First Claim
1. A data processing system for managing rights, the system comprising:
- means for defining fractional interests in a property, wherein the means for defining obtains data associated with a division of the property, wherein the data associated with the division corresponds to surveying or mapping the property to divide the property into multiple interests;
means for creating a novelty deed for each of the interests; and
means for distributing the novelty deeds to individual entities for a predetermined amount of money as a souvenir of the property.
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Accused Products
Abstract
Methods and systems for managing novelty deeds are disclosed. One aspect of the invention is directed toward a method for generating income for a famous property that includes dividing the property into multiple interests, creating a novelty deed for each of the interests, and selling the novelty deeds to consumers. In certain embodiments, the novelty deeds can be valid for a predetermined time and invalid after the predetermined time has expired. Another aspect of the invention is directed toward a computer-implemented method for creating and managing novelty deeds that includes identifying multiple interests of a famous property, creating a novelty deed for each one of the multiple interests, and tracking the sale of the novelty deeds. The novelty deeds can be sold for a predetermined amount of money and/or can be valid for a predetermined time and invalid after the predetermined time has expired.
16 Citations
20 Claims
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1. A data processing system for managing rights, the system comprising:
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means for defining fractional interests in a property, wherein the means for defining obtains data associated with a division of the property, wherein the data associated with the division corresponds to surveying or mapping the property to divide the property into multiple interests;
means for creating a novelty deed for each of the interests; and
means for distributing the novelty deeds to individual entities for a predetermined amount of money as a souvenir of the property. - View Dependent Claims (2, 3, 4)
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5. A method for generating income for a famous property comprising:
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dividing the famous property into multiple interests, the famous property being located on or in earth;
creating a novelty deed for each of the interests;
selling novelty deeds to consumers;
creating a tangible novelty deed document corresponding to each novelty deed sold; and
distributing the tangible novelty deed documents to the corresponding consumers. - View Dependent Claims (6, 7, 8, 9, 10, 11, 12, 13, 14)
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15. A method for generating income for a famous property comprising:
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dividing the famous property into multiple interests, the famous property being located on or in earth;
creating a novelty deed for each of the interests; and
selling the novelty deeds to consumers, wherein the novelty deeds are valid for a predetermined time and invalid after the predetermined time has expired. - View Dependent Claims (16, 17, 18, 19, 20)
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Specification