Patent ID: 10963934

Abstract:
A computer-implemented system and method are disclosed for facilitating dynamically-priced offer data between a restaurant and a consumer, the data reflecting dynamically-priced offers which are contingent upon the consumer first honoring in full their contractual promises to the restaurant before the restaurant is bound to honor its ‘side’ of the deal. In an embodiment, the method and system enables a consumer to specify, in advance, a minimum amount of money the consumer contractually binds themselves to spend at a restaurant as well as the specific hour of the day of a specific day of the week of a specific week of the year the consumer promises to arrive at the restaurant or expects delivery of an order from a restaurant, in return for more of the goods or services the restaurant contractually, but contingently binds themselves to provide the consumer. Further disclosed is a system and method for dealing with instances where a consumer fails to meet their contractual obligation to the restaurant, upon which assurances the restaurant's bid was contingent. In an embodiment, a controller is provided for an authorized restaurant representative to use to access a data storage device in which is stored restaurant ‘deal’ offers which may be triggered by consumer's Request For Bid (RFB). The same controller receives those RFB's from consumer and accesses the same data storage device as it attempts to present responsive bids from local area restaurants.