What does CBM mean in BUSINESS
A covered business method (CBM) is a term used in patent law to describe a specific type of patent. These patents, which are known as “business method†patents, cover inventions related to processes for doing business. CBM patents may cover any aspect of an ongoing business or its operations, such as software methods or techniques for running the business. CBM patents can provide businesses with protection against competitors who would otherwise be able to use their ideas without giving them credit or payment.
CBM meaning in Business in Business
CBM mostly used in an acronym Business in Category Business that means covered business method
Shorthand: CBM,
Full Form: covered business method
For more information of "covered business method", see the section below.
Essential Questions and Answers on covered business method in "BUSINESS»BUSINESS"
What is a Covered Business Method (CBM) Patent?
A covered business method (CBM) patent is a form of patent in the United States which deals with patenting inventions that pertain to certain types of electronic and/or financial services. The Patent Reform Act of 2011 established a new process for the review and challenge of such patents.
How does CBM differ from other types of patents?
CBM differs from other types of patents in that it specifically deals with electronic or financial services, rather than products or mechanical processes. It also has an additional layer of review; called post-grant review, whereby the validity of the patents may be challenged.
Who can file a CBM application?
A CBM application can be filed by anyone who believes they possess an invention related to particular electronic or financial service processes, methods, systems or compositions.
Are there any limitations when filing a CBM patent?
Yes; under the Patent Reform Act of 2011, certain subject matters are excluded from receiving protection under CBM patents, including tax strategies, computer programs and video games. Additionally, only certain types of electronic and financial services are eligible for protection through this type of patent.
How long does it take to obtain a CBM Patent?
The amount of time it takes to obtain a CBM Patent varies depending on several factors, including how quickly the USPTO (United States Patent and Trademark Office) reviews your application, whether you need to make changes during the examination process, and if you must go through post-grant review proceedings after having your application approved. Generally speaking however it usually takes between 6 months - 2 years to obtain a CBM patent.
What resources are available to help me understand the process for obtaining a CBM Patent?
It is recommended that you consult an attorney who specializes in intellectual property law for advice about obtaining your CMB patent as laws regarding these matters can be complicated and ever changing. There are however some helpful resources available online such as The United States Patent Office website as well as websites like IAM Magazine which provide helpful information about current legal trends concerning this topic.
Is there any way for me to challenge an existing CMB patent?
Yes; one way you can challenge an existing CMB patent is by initiating post-grant review proceedings with aided by your attorney if necessary if they believe that the claims within said patent do not meet all requirements set forth by USPTO regulations at present date or was obtained fraudulently.
Final Words:
In summary, covered business methods (CBM) are special types of patents that protect inventions related to conducting business operations or activities. They offer an extra layer of protection against competitors who would otherwise be able to employ the same procedures without paying or crediting those responsible for them. While CBM and “business method patent†are often used interchangeably, it is important to recognize that there is a distinction between these two terms — one relates specifically to processes related to conducting business while the other may include any type of process associated with running a company.
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