Patent ID: 8543493

Claim:
A method for facilitating a recall of a previously sold product, the method comprising: determining, by a seller device of a seller, that a unit of product has been sold by the seller to a buyer at a first price, wherein the unit of product is sold subject to a recall upon acceptance of a buyout provision; determining, by the seller device, that a buyout condition for outputting to the buyer a buyout notification has been satisfied, the buyout notification based on the buyout provision; outputting, to a communication device operable to output communications from the seller to the buyer, the buyout notification, the buyout notification informing the buyer that the seller is interested in recalling the unit of product subject to the buyout provision and requesting the buyer to define an amount of value for which the buyer is willing to surrender the unit of product; receiving, from the buyer, an indication of an amount of value in exchange for which the buyer is willing to surrender the unit of product, thereby determining a recall payment amount as defined by the buyer; determining, by the seller device, that the recall payment amount is acceptable to the seller; and recalling the unit of product from the buyer in exchange for the recall payment amount as defined by the buyer.