PATENT CLAIM ANALYSIS

Application Number: 16275470
Application Type: Utility
Filing Date: 2019-02
Publication Date: 2019-06
Patent Classification: ["705", "014240"]

Abstract:
The Power Buy System includes a computer based platform wherein sellers and buyers log into a website having a pre-configured Power Deal listing on an item. The preconfigured Power Deal listing may set forth one or more tier pricing based on quantity. The pre-configured Power Deal or the new Power Deal may be activated upon commitment from a first buyer. The buyer is provided tools to encourage other social media contacts to purchase an item in order to aggregate a larger buyer collective and sellers are allowed to offer a lower price than what is stated in the buy now price to further encourage additional buyers participation so that more items may be sold.

Claim (Index 1):
A system, comprising:\n a memory device storing a system execution program including computer instructions; a database for storing data records related to a plurality of sellers, data records related a plurality of buyers, and a data record related to a power deal, the data record for each seller identifies the associated seller as a subscriber or a non-subscriber; and, a server system coupled to the memory device and the database, the server system including a processor programmed to execute the system execution program to establish a seller portal domain, a buyer domain, and an admin domain, wherein the seller portal domain is programmed to allow the sellers to create and/or schedule the power deal; the admin domain is programmed to:\n establish the power deal in response to the creation and/or schedule of the power deal and to store information related to the power deal in the power deal record, the information related to the power deal including an item offered for sale, a current price, a required minimum quantity, a termination trigger, and a current quantity; and, \n broadcast to the buyer domain and the seller portal domain the power deal record; \n the buyer domain is programmed to:\n allow a first buyer to initiate the power deal by committing to purchase a first quantity of the item at the current price or lower; and \n to allow other buyers to join the power deal by committing to purchase a respective quantity of the item at the current price or lower; and \n to aggregate the quantity of the item to which all buyers have committed to purchasing and storing the aggregated quantity in the power deal record as the current quantity; \n the admin domain being further programmed to broadcast to the buyer domain and the seller portal domain the power deal record including an updated current quantity; the seller portal domain is programmed to:\n allow sellers identified as a subscriber to establish a price reduction rule and to store the price reduction rule in the associated data record; and, \n allow one of the sellers to manually establish a lower price and to store the lower price as the current price in the power deal data record; \n the seller portal domain, in response to a manually established lower price, is further programmed to implement the price reduction rule to establish a new lower price and to store the new lower price as the current price in the power deal data record; the admin domain is further programmed to broadcast to the buyer domain and the seller portal domain the power deal record including an updated current price, and to detect an occurrence of the termination trigger and to responsively: (1) close the power deal and (2) notify the buyers and sellers that the power deal is closed.

Metadata:
- Claim Count in Document: 50.0
- Percentile: 99.0
- Lexical Diversity: 1.57333
- Patent Class: 705.0
- Transitional Phrase Type: open
- Component Type: 1
- Foreign Priority: False
- Related Applications: ['10860039', '10243456', '11556604', '09610903', '13105441']

Analysis Scores:
- 35 USC 101 Eligibility (BERT): 0.1416007244785891
- 35 USC 102 Novelty (BERT): 0.5082153110799914
- Combined Prediction Score: 0.1782621831387293
- Mean Citation Score: 304.307416
- Max Citation Score: 309.8814
- Similarity Product: 260.45221279113287

Labels:
- Claim Label 101: 1
- Claim Label 102: 1
- Claim Label 103: 0
- Claim Label 112: 1
- Combined Label: 1
- Label 101 Adjusted: 1

Dataset: test