For years Senator Charles Schumer of New York has been a driving force in the battle to abolish low quality business method patents, the type that patent trolls regularly use to attack businesses with vexatious lawsuits. He authored Section 18 of the America Invents Act
, which is known as the transitional program for covered business method patents. The purpose of the program is to create an effective and fair post grant review for business method patents used in the “practice, administration, or management” of a financial product or service.
Filed in Cloud Industry Insights
on May. 2, 2013 by Alan Schoenbaum