What types of IT-related items should be subject to patents?
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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- What types of IT-related items should be subject to patents?
Expert Solution

Step 1
A person who invents a new process, or manufacture a new thing or any new composition of matter, or any improvement is known as patent. It means we need to satisfy the following for qualifying as a patent:
- The subject matter should be a patentable one.
- The invention should be a novel one.
- The invention should have a utility.
- The invention should not be an obvious one.
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