La Jolla, CA (PRWEB) November 14, 2009 –
CONSOR Intellectual Asset Management warns: The future of software and business method patents still hangs in the balance after oral arguments were heard by a Supreme Court with significant unknown factors as far as Intellectual Property law is concerned.
At the hearing held Monday, most Justices expressed signs of skepticism about the patentability of pure business methods like those claimed by the Bilski patents on financial hedging strategies. Significant uncertainties remain, however, over the leanings of most justices regarding the status of software patents.
Few IP cases have had the breadth of potential consequences for industries like finance and software as the Bilski case. The economic value of myriad companies can be significantly affected if the Supreme Court refines the interpretation of what is patentable. Said Fernando Torres, MSc., Chief Economist at CONSOR
