There's a lot of hullabaloo about the recent ruling by the US Court of Appeals about Business Method Patents. On the surface, it would seem that the 1300+ Business Method Patents registered in the US last year are, as of today, INVALID.
I haven't yet seen the research or looked into any specific 'Real Estate Model' method patents, however I do recall hearing that there were quite a few 'new' model companies filing for protection under this process.
I've read that the court ruled there to be a two-pronged test to determine whether a software of business method process patent is valid:
(1) it is tied to a particular machine or apparatus, or
(2) it transforms a particular article into a different state or thing.
We'll see what comes of this in the weeks and months to come, and I'll keep you updated once I've found which, if any company (models) this may affect.
The good news for startups: Perhaps with the protection lifted here, we will see faster and further innovation - making things better and clearing the way for the 'next' iteration of Web 2.0-meets-Real Estate...
Or?...
Who knows.
Tim Mancuso
Consultant, Trusted Advisor
-Tim Mancuso
International Real Estate Advisor
Speak your Mind! Let your Real Estate Voice be Heard!
International-Real-Estate-Advisor.com
Thursday, October 30, 2008
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