How to Patent a Business Model

How to Patent a Business Model thumbnail
How to Patent a Business Model

The United States is one of the few nations of the world that patents business methods. In 1988, the US Supreme Court cleared the way for business patents under the clause in U.S. patent law that provides for the patenting of "the process, act or method by which something is made". Since 1988, a great number of business patents have been issued in the US.

Things You'll Need

  • Patent specifications
  • Legal claims
Show More

Instructions

    • 1

      Decide whether you should keep your business method as a trade secret rather than as a patented invention. Patents expire 20 years from the date of filing, while trade secrets (the formula for Coca-Cola, for example) can be kept indefinitely. Depending on the nature of your business method, however, it may be impossible to keep its details secret. A trade secret offers no protection if a subsequent inventor independently develops a similar or identical business method.

    • 2

      Draft detailed specifications describing your business method including its methods, processes and results. The details should be comprehensive enough to allow someone else to implement it without referring to outside sources. This document will be the core of your patent application.

    • 3

      Navigate to the patent application database maintained by the U.S. Patent and Trademark Office. Research all patent applications for business methods issued since 1988 and compare them with your specifications to see of any of them are similar to yours (this is known as a "prior art" search). This will take many hours, and if you find a business method that is similar enough, it will be difficult for you to obtain a patent. If there are no similar patent applications, your business method may pass the "novelty" requirement of patentability (although this is not certain, because your method will not be "novel" if anyone else invented it first, even if they did not attempt to patent it.

    • 4

      Draft a legal claim asserting that your business method is "novel" and explain why, referring to your prior art search.

    • 5

      Draft a legal claim asserting that your business method is useful (the second main requirement for patentability), and explaining why. To meet this requirement, your method must perform a particular, practical function. An abstract idea (such as a marketing theory) cannot be patented.

    • 6

      Determine exactly why your business method is "non-obvious" (the third requirement for patentability). Draft a legal claim asserting that your business method meets this requirement, and why. To be non-obvious, your business method must have required a creative leap of the imagination -- in other words, it could not have been an obvious innovation from the point of view of someone knowledgeable of the "state of the art" in your industry.

    • 7

      Download a patent application with the U.S. Patent and Trademark Office. Complete it with the aid of your specifications and legal claims, pay the required filing fee and submit it (parts of it can be filed online).

    • 8

      Modify your patent application as periodically requested by the U.S. Patent and Trademark Office. Your patent probably will be issued within 18-24 months of your original filing date.

Tips & Warnings

  • It is essential that you retain a patent attorney to help you with your application. Patent attorneys generally focus on patents of technology and are less familiar with business methods. Take the time to educate your patent attorney about how your business works, so that she can help you prepare a successful patent application.

  • The Business Method Patent Improvement Act, passed by Congress in 2000, allows public participation in searching for "prior art" while a business method patent is pending. It also allows a business method patent to be legally challenged within nine months of issuance, even without a claim for infringement (such a lawsuit must allege that the patent never should have been issued in the first place).

Related Searches:

References

Resources

  • Photo Credit Polka Dot RF/Polka Dot/Getty Images

Comments

You May Also Like

  • How to Understand Business Method Patents

    Contrary to popular belief, patents cover more than just gadgets, widgets and other inventions. It's also possible to patent a business method...

  • How to Patent a Method

    Businesses must always protect their trade secrets, regardless of what they are. This is why the United States Patent Office was brought...

  • How to Patent a Business Process

    Patents come in many forms. Inc.com reports there are 450 subject classes and 150,000 subject subclasses in the Index to the U.S....

  • Petty Patent Definition

    Petty patents, also known as utility models, protect certain new inventions from competition for a limited period of time. While the details...

  • Who Can Apply for a Patent?

    If you're the creator of a brand new invention, you could just be sitting on a goldmine--especially if your invention appeals to...

  • How to Estimate the Value of a Patent

    The U.S. Patent and Trademark Office issues an inventor a patent that gives him exclusive rights for a limited period of time....

  • The History of Patent Assistance Worldwide

    Patent Assistance Worldwide has been in business since 2000. Since their inception, the company has expanded from the United States into most...

  • How to Get Paid on a Patent

    Patents remain in place for 20 years to provide inventors exclusive rights to their intellectual discoveries. Patents allow intellectual property owners to...

  • Patent Mapping Methods

    Patent Mapping Methods. Companies and inventors must constantly be diligent in order to ensure that they are not violating patent laws. A...

  • How to Patent a Business Name

    The business names of many companies are the most important assets they possess, representing their reputation and accumulated good will. Since the...

  • The Patent Process for an Idea

    Patent attorney Gene Quinn points out that while all inventions begin with an idea, the U.S. Patent Act explicitly bars abstract ideas...

  • How to Apply Porter's Five Forces Model in Business

    The five-force model was developed in 1979 by Michael E. Porter, a highly acclaimed strategist and professor at the Harvard Business School....

  • Elements of a Patent Application

    Elements of a Patent Application. Filing for a patent consists of filling out a patent application, paying a fee, and turning the...

  • US Patents Vs. World Patents

    If you invent something, or come up with an idea for a new product or a variation on an old one, you...

  • How To Patent Your Business Idea

    Every business large or small begins with an idea. If your idea is new and innovative, you should protect it. You can...

  • Pharmaceutical Business Strategies

    Pharmaceutical Business Strategies. The pharmaceutical industry covers a huge range of products and is active just about everywhere in the world. It...

  • Business Valuation Methods & Approaches

    A business valuation determines the amount that a business is worth. There are three basic valuation methods and approaches: the asset, income...

Related Ads

Featured