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What is the Bilski invention?

As the patent community waits for the Supreme Court to reveal the fate of business method patents, Stephen Schreiner and Jacob Osborn explain what the Bilski invention is, and why it has so far been found not patentable

The Bilski invention is directed to hedging risk in the cost of commodities by allowing market participants (such as producers and consumers) to swap floating market pricing for fixed pricing over some period.

The best analogy for understanding the Bilski...

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