The US Supreme Court is reviewing a patent case like many others. A company that sells neither software nor programs is claiming patent on a system to verify electronic transactions. Several Supreme Court Justices have voiced their skepticism regarding the validity of the patent. The result of “Alice Corp. v. CLS Bank International” will be very important since, if the ruling favors CSL Bank International, it would set an important precedent in the world of patents. If that was the outcome, it would render the claims of “Patent Trolls” baseless and moot. This would be a huge blow to their business model.

 

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