Patent ID: 6161121
Filing Date: 2000-12-12
Classification: G06F

Abstract:
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.