Warning

Info

Warning

Info

Warning

Info

LSDefine

Simple English definitions for legal terms

business-method patent

Read a random definition: relevant market

A quick definition of business-method patent:

A business-method patent is a type of patent that describes a way of doing business. It gives the person who invented the method the right to stop others from using it for a certain amount of time. This type of patent was not allowed until 1998, but now it is possible to get one if the method is new, useful, and not obvious.

A more thorough explanation:

A business-method patent is a type of patent that describes and claims a series of process steps that, as a whole, constitutes a method of doing business. It is a U.S. patent that was not recognized as being patentable until 1998. The Federal Circuit Court of Appeals held in State Street Bank & Trust Co. v. Signature Fin. Group, Inc. that business methods are subject to the same legal requirements for patentability as any other process or method.

Example: A company invents a new method of conducting online auctions that is faster and more efficient than existing methods. They apply for and receive a business-method patent that gives them the exclusive right to use this method for 20 years from the date of filing. This means that no one else can use this method without the company's permission.

This example illustrates how a business-method patent can protect a company's innovative method of conducting business and give them a competitive advantage in the marketplace.

business-method exception | Business Methods Patent Initiative

Warning

Info

General

General chat about the legal profession.
main_chatroom
👍 Chat vibe: 0 👎
Help us make LSD better!
Tell us what's important to you
16:47
i'd reach out to their admissions and check up on it
I did 2x and they said "The vast majority of candidates who have submitted their complete application by our deadline will be notified by the last day of April"
like kinda fucked
16:50
ugh that's so annoying
law schools that ghost should give you your money back
or reject
like man GIVE IT BACK!!!!
ClassyPleasantHeron
16:56
Schools explicitly asking applicants to retake the LSAT are TTTs pretending to be 2nd tier.
LMAOOO
like man oklahoma more like oklahowaboutyoueatmyshoe
me when that person on reddit said UofU wave and it's.... 3 people
help who just posted that right after I started bitching in chat
my heart fell straight into my ass mind u
and i just got a fucking app status tracker update... not for UofU... my BP is so spiked rn
QuarrelsomeTurkey
18:29
does anyone know if bu ever releases after 5 pm
Lol @jupitersmoons It feels like UofU is screwing with us haha
fr like I know it"s Mountain Time but bestie we have less than half an hour before typical EOD
what we doing
Real
19:17
new COAs are out
19:37
Anyone know how long it takes to get aid package after getting admitted to UChicago or Northwestern?
I’d ask in the t14 chat bc lol it may be a bit until you can get someone who can answer that question here
21:19
@syddak: Oof tough spot. Congrats on the As. Did either indicate either via email/mail that they would be following up with aid, and if so, did they provide a time frame? It may be acceptable to email them and indicate seat deposits are fast approaching and you are curious if you can expect further info (aid) from the school to aid u in ur decision..
0:26
@UnderRepresentedTryhard: that’s a greater than sign. Meaning outside t14
0:27
Schools>t14
IrishDinosaur
13:38
I'm convinced USC doesn't really exist
IrishDinosaur
13:38
it's an elaborate hoax
i showed a guy at asd my lsd profile. little does he know that im an influencer
babycakes
16:36
u such a crazy flexer
the fellas were impressed by the r less cycle
LSD+ is ad-free, with DMs, discounts, case briefs & more.