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 11):
A method, including the steps of:\n storing, in a memory device, a system execution program including computer instructions; storing, in a database, 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; establishing, in a server system coupled to the memory device and the database, a seller portal domain, a buyer domain, and an admin domain; allowing the sellers, using the seller portal domain, to allow the sellers to create and/or schedule the power deal; establishing, by the admin domain, the power deal in response to the creation and/or schedule of the power deal and storing 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; broadcasting to the buyer domain and the seller portal domain, by the admin domain, the power deal record; allowing, by the buyer domain, a first buyer to initiate the power deal by committing to purchase a first quantity of the item at the current price or lower; allowing, by the buyer domain, other buyers to join the power deal by committing to purchase a respective quantity of the item at the current price or lower; aggregating, by the buyer domain, 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; broadcasting, by the admin domain, to the buyer domain and the seller portal domain the power deal record including an updated current quantity; allowing, by the seller portal domain, sellers identified as a subscriber to establish a price reduction rule and storing the price reduction rule in the associated data record; and, allowing, by the seller portal domain, one of the sellers to manually establish a lower price and storing the lower price as the current price in the power deal data record; in response to a manually established lower price, implementing, by the seller portal domain, the price reduction rule to establish a new lower price and storing the new lower price as the current price in the power deal data record; broadcasting, by the admin domain, to the buyer domain and the seller portal domain the power deal record including an updated current price and detecting 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: none
- Component Type: 0
- Foreign Priority: False
- Related Applications: ['10860039', '10243456', '11556604', '09610903', '13105441']

Analysis Scores:
- 35 USC 101 Eligibility (BERT): 0.1565818314018783
- 35 USC 102 Novelty (BERT): 0.5119804287864408
- Combined Prediction Score: 0.1921216911403346
- Mean Citation Score: 304.307416
- Max Citation Score: 309.8814
- Similarity Product: 251.00777657593488

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