Legal Definitions - cyberpatent

Definition: A type of patent that describes and claims a series of process steps that, as a whole, constitutes a method of doing business on the internet.

Example: A company invents a new way of conducting online transactions that is faster and more secure than existing methods. They apply for a cyberpatent to protect their invention and prevent others from using it without permission.

Explanation: The example illustrates how a cyberpatent can be used to protect a new and innovative way of conducting business on the internet. The patent grants the inventor the right to exclude others from making, using, or selling the defined invention for a specified period of time. This encourages inventors to disclose their inventions to the public, which can lead to further innovation and progress in the field.