Chapter 5. Patents and Digital Technology Companies

 

Patents have “added the fuel of interest to the fire of genius in the discovery and production of new and useful things.”

 
 --Abraham Lincoln on the patent laws, 1859

They have been called the “heavy artillery” of intellectual property. They are expensive to get, but can have great value. Investors love them. They can multiply the value of your company when you sell it. Sometimes, they can pose a serious threat. If your digital business involves innovation, you have to be interested in patents.

In this Chapter

The topics covered in this chapter are:

  • The power of patent and patent law

  • The nature of patents

  • How to read a patent

  • The patent application process

  • Software and business method patents

  • Deciding ...

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