Importance

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Abstract

A method and apparatus for facilitating a buyer driven transaction are provided. The method comprises the steps of registering a seller to receive one or more conditional purchase offers, the seller agreeing to one or more terms to be employed upon entry into a transaction with a buyer upon acceptance of one of the one or more conditional purchase offers, and registering a buyer to submit one or more conditional purchase offers, the buyer agreeing to one or more terms to be employed upon entry into a transaction with the seller upon acceptance of one of the one or more conditional purchase offers. A conditional purchase offer is received from the buyer for a particular defined product, the conditional purchase offer including at least one or more product indicators, a price offer, and an offer expiration. The submitted conditional purchase offer is provided to the seller associated with the particular defined product. The seller is able to bind the buyer to purchase the particular defined product in accordance with the terms set forth in the conditional purchase offer and the agreed upon terms, and also to bind the seller to sell the particular defined product in accordance with the terms set forth in the conditional purchase offer and the agreed upon terms upon acceptance of the conditional purchase offer by the seller.

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First Claim