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U.S. Supreme Court

Jun. 28, 2014

VIDEO: Abstract software patents get the ax

Should patents be issued on business ideas that are implemented using conventional software and hardware techniques? The U.S. Supreme Court answered that question "no." By Ben M. Davidson


By Ben M. Davidson


Should patents be issued on business ideas that are implemented using conventional software and hardware techniques? The U.S. Supreme Court answered that question "no" Thursday in its long-awaited decision in CLS Bank International v. Alice Corp., 13-298. The case involved a patented computerized system for reducing "settlement risk" - the risk that only one party to a financial transaction will pay what it owes. Usi...

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