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Patent Reform

By Kristopher A. Nelson in

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An update on patent reform legislation working its way through Congress right now. An interesting amendment (from the comments on Patently-O) includes the following:

[The] banning of patents on “tax planning methods.” These are defined, inter alia, as any invention that is a “technique…that has, when implemented, the effect of reducing, minimizing, or deferring, a taxpayer’s tax liability” with the exception of tax preparation software.

Patent reform has the potential to be a really big deal, if it goes through. For more information, see, for example, Proposals for patent reform raising fears from the Chicago Tribune.