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Supreme Court seems ready to kill patent for computerized risk analysis

Supreme Court seems ready to kill patent for computerized risk analysis

WASHINGTON — The Supreme Court sounded ready Monday to curtail the use of certain business patents in a case involving a patent for a computerized risk analysis of international financial transactions. Use of such business-method patents has soared in recent decades. Once granted, they can give a firm or a person a monopoly for up to 20 years to profit from the patented process. Critics say many of the recent computer-related patents are vague and stifle innovation by giving exclusive rights to commonly used methods or formulas. In recent years, all nine Supreme Court justices have voiced concerns about the expanding use of patents, saying at one point that "abstract...

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