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It was a time when the patent office was inundated with business method and process patents, Mr. Lerner said.
Indeed, software patents exploded after an appeals court in 1998 upheld a patent on a method to pool the assets of mutual funds using a mathematical algorithm, establishing the patentability of a business method and the software to run it.
He insisted to me that his primary allegiance is to science; BrightHouse's techniques are "business done in the science method," he said, "not science done in the business method". And as he sat at his computer, calling up a 3-D picture of a brain, it was hard not to be struck, at the very least, by the seriousness of his passion.
As noted above, most European countries do not allow business method and software patents.
Opening a car dealership from scratch might require a lot of planning, but it also allows you to develop a business method and reputation of your own.
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Innovation is happening around business methods and processes as much as around specific products.
The court used similarly loose standards to approve patents for business methods and certain technology.
Europe has resisted patents on business methods, and closely scrutinises software patents.
Although business models do not warrant formal intellectual property (IP) protection, their constituent components (e.g. business methods and brands) often do.
Ellison was one of Silicon Valley's most divisive figures, being both admired for his great success and deplored for his sometimes ruthless business methods and his conspicuous consumption.
Consider "patent trolls," the derisive term for small companies that exist solely to stockpile patents — often vague patents on basic business methods — and then hurl infringement suits at firms trying to market new products.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com