Incentive based vertical market

Details Incentive based vertical market Incentive based vertical market

2001-09-25

2009-10-27

Patel, Jagdish N (Department: 3693)

Data processing: financial, business practice, management, or co

Automated electrical financial or business practice or...

Finance

C705S035000, C705S026640

Reexamination Certificate

active

07610235

ABSTRACT:
A vertical market is provided in which members of the market are incentivized to exchange goods and services within the market. The members of the market may enter into an agreement. The participants of the agreement are incentivized to generate revenue within the market. These incentives may include the option to convert warrants at the full conversion rate into ownership shares of the goods and services owned by the participants of the agreement. Warrants may be converted into shares when a pre-determined amount of gross revenue is achieved within a certain amount of time (success incentive), or based on the ratio of gross revenue generated within a certain amount of time over the target amount of gross revenue to be generated within the term of the agreement (growth incentive). Participants may also be entitled to fees for services provided.

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