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The Australian Accounting Standards Board included examples of intangible items in its definition of assets in Statement of Accounting Concepts number 4 (SAC 4), issued in 1995. [6] The statement did not provide a formal definition of an intangible asset, but did explain that tangibility was not an essential characteristic of an asset.
Business method patents are a class of patents which disclose and claim new methods of doing business. This includes new types of e-commerce, insurance, banking and tax compliance etc. Business method patents are a relatively new species of patent and there have been several reviews investigating the appropriateness of patenting business methods.
Business method patent – includes patents on new types of e-commerce; and on methods of doing business in insurance, banking, tax compliance, etc. A business method may be defined as "a method of operating any aspect of an economic enterprise". [2] Tax patent – discloses and claims a system or method for reducing or deferring taxes. In ...
Royalty Pharma is a well known firm that uses this business model, and which has done by far the largest and most high-profile deals in this space. [citation needed] Royalty Pharma handled what many consider to be the first pharmaceutical patent-backed securitization to be rated by Standard and Poors, which involved a patent on the HIV drug ...
The website of the United States Patent and Trademark Office states that "the text and drawings of a patent are typically not subject to copyright restrictions," [5] and similar views have been published by patent attorneys. [6] As one unpublished academic working paper on the topic of copyright application to patents notes, however, there is ...
Valuation of patent rights is one of the main activities related to intellectual property management within an organization or company. Indeed, knowing the economic value and importance of the intellectual property rights assists in the strategic decisions to be taken on the company's assets, but also facilitates the commercialization and transactions concerning intellectual property rights.
The USPTO has placed 209 issued US patents [5] and 188 published patent applications [6] in this classification. The USPTO has not, however, published a formal definition of the class. [7] About 10 new tax patent applications have been filed each year in recent years, and about five new patents have been issued each year.
For the purpose of calculating damages in a patent infringement action, the infringing "article of manufacture" may be defined as either an end product sold to a consumer or as a component of that product. 35 U.S.C. §289: The relevant text of the Patent Act encompasses both an end product sold to a consumer as well as a component of that product.