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What is a business method patent?

Rahul Dev

Role of business method patent attorney

In the recent technology scenario, business method patents is a buzz word. Although, the word “business method patents” is not defined but in normal day use “business method patents” relates to a patent relating to a method of doing business. Examples for  any kind of business method patent will include DATA PROCESSING SYSTEMS OR METHODS, SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORY OR FORECASTING PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORY OR FORECASTING PURPOSES, NOT OTHERWISE PROVIDED FOR.

Business Method Patents

IPC G06Q: Most business method patents fall under IPC Class G06Q. The Patent Offices worldwide use IPC patent classification to classify patents that claim a system or apparatus and corresponding methods for performing data processing operations uniquely designed for processing data between servers, & handheld devices.

IPC G06Q 10/00   Administration; Management

G06Q 20/00    Payment architectures, schemes or protocols (apparatus for performing or posting payment transactions

G06Q 30/00        Commerce, e.g. shopping or e-commerce

G06Q 40/00   Finance; Insurance; Tax strategies; Processing of corporate or income taxes

G06Q 50/00 Systems or methods specially adapted for a specific business sector, e.g. utilities or tourism

G06Q 90/00 Systems or methods specially adapted for administrative, commercial, financial, managerial, supervisory or forecasting purposes, not involving significant data processing

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Published by Rahul Dev

International Speaker, Author, Blogger, Technology Savvy Patent Attorney & Corporate Lawyer with 15+ years of work experience in Asia Pacific, US & Europe