business method patent

A U.S. patent that describes and claims a series of process steps that, as a whole, constitutes a method of doing business.

• Until 1998, methods for doing business were not expressly recognized as being patentable. In that year, the Federal Circuit Court of Appeals held in State Street Bank & Trust Co. v. Signature Fin. Group, Inc., 149 F.3d 1368 (Fed. Cir. 1998), that business methods are subject to the same legal requirements for patentability as any other process or method.

— Also termed cyberpatent.

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