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When you patent a business method, you receive a patent for the specific business method you've created, which usually involves some type of technology. This is different from a process patent, which patents the way that some type of physical material has its characteristics or functionality changed through a specific process. The business method itself is at the center of the business method.
Next, the business makes a decision as to whether the business method will result in enough revenue over the years to justify the expense of the patent application process. If so, a valid business method patent can be a highly valuable asset to a company. Conclusion: Business Method Patents Provide Competitive Advantage.
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Business Process Patent: Everything You Need to Know. Business method patents or business process patents define as patents that create a new method of doing business. 5 min read. Business Startup Checklist: Everything You Need to Know. A business startup checklist is important for a business whether it be big or small. However, as soon as you get over the initial excitement, it’s time to.
HOW TO WRITE A BUSINESS PLAN. The purpose of this note is three-fold: To provide a set of guidelines on how to write a business plan. To highlight what a prospective investor or banker is, and is not, looking for in such a plan. To provide a summary check list of the attributes of good business plans. The note does not provide a magic formula to be followed. Indeed, business plans produced to.Learn More
Before you apply, check if a patent is right for your business. What you can’t patent. You can’t patent certain types of invention, including: literary, dramatic, musical or artistic works; a.Learn More
The above Business Methods Practice Area Allowance Rate percentages per fiscal year are currently trending towards the allowance rates achieved prior to Bilski v.Kappos (decided June 28, 2010).The allowance rate was calculated as the number of notices of allowance divided by the number of disposals (including Request for Continued Examination disposals) for each period for fiscal year 2008.Learn More
I've written many patents on methods such as One Click. Under current law, which is not entirely stable at the moment, business methods implemented on computer systems are frequently issued patents. Method claims describing information processin.Learn More
Patenting a business method. 29th August 2013 by Adrian Hocking. A European patent and a UK patent are practically unobtainable for methods of doing business under the exclusions in the UK Patents Act and the European Patents Convention (“EPC”). However, a US patent provides a much broader range of possibilities, not only for business methods, but also for other matter such as software.Learn More
If you and your IP professional decide that a patent is the way to go, and you have the time and money to see the process through to the conclusion, here’s the patent process in a nutshell: Make sure the invention is really yours and doesn’t belong to your boss, your spouse, or your business partner.Learn More
Write A Business Plan Before Thinking About A Patent. The best piece of advice I give inventors, both independent inventors and business managers, is to do at least a cursory business plan before seeking a patent. Not only are patents expensive, but they teach your competitors a lot about your strategies, technologies, and plans for the future. There really needs to be a good business case for.Learn More
The one area in particular that receives the bulk of the public attention related to business method-type applications is the workgroup responsible for examining patent applications in automated business data processing technologies, U.S. Class 705. This area has experienced substantial growth recently in response to rapidly developing technologies related to e-commerce and the Internet. The.Learn More
A utility patent protects the function or method of your invention. This patent is more complicated than a design patent because it requires you to explain how your invention is used. A utility.Learn More
The logical thing to do is to begin writing a business plan for your new patent. and stating your goals including how you intend to reach them. There are essentially two types of business plans you can write. The one you choose depends on your specific goals. The first type of business plan is one you plan on showing to others. This might be so.Learn More
It is a legal document that you must write clearly, precisely and in a certain format. Patent applications are written this way to make your invention and claims clear to the examiner and anyone else reading your patent. Our lesson on writing a patent application begins the way most people start to write their applications: with the drawings.Learn More
The process of writing a patent application, no matter how complicated your product or process is, begins simply: with a description. This description—together with the claims section, which defines the boundaries of patent protection—is often referred to as the specification. As the word suggests, in these sections of the patent.Learn More