Mondaq: United States: Intellectual Property 2008/2009 Winter Bulletin
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Started by: zoobabzoobab
Date: 06 Jan 2009 11:14
Number of posts: 1
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Summary:
Coupled together, these statements could be argued to exclude entire fields of computer science that focus on the design of algorithms independent of their application to specific data, such as cryptography, computer languages, compression, and database design, just to name a few. Finally, the exclusion of "public and private legal obligations" seems particularly shortsighted. All financial transactions and their constituent elements -- price, asset value, bid, offer, exercise price, etc. -- rest upon a framework that makes the transactions enforceable legal obligations. The court's statement here unnecessarily jeopardizes protection of legitimate innovation in fields such as ecommerce, financial engineering, and computational finance.
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