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Patents and Business Methods

From the New Yorker magazine, Patent Bending:

  • “For most of American history, it was next to impossible to get a patent on what the U.S. Patent and Trademark Office called ‘a mere method of doing business’… But in July, 1998, the U.S. Court of Appeals for the Federal Circuit did away with that principle. The case, State Street v. Signature Financial, involved software that Signature had written to enable it to administer mutual funds more efficiently…The gates opened, and in the past five years thousands of business-method patents have been granted.”
  • (Slashdot)

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