This paper focuses on patenting of business methods in India and USA and existing position in TRIPS. | Patenting of business methods issues and challenges International Journal of Management Volume 11 Issue 04 April 2020 pp. 160-168. Article ID IJM_11_04_017 Available online at http ijm JType IJM amp VType 11 amp IType 4 Journal Impact Factor 2020 Calculated by GISI ISSN Print 0976-6502 and ISSN Online 0976-6510 IAEME Publication Scopus Indexed PATENTING OF BUSINESS METHODS ISSUES AND CHALLENGES Dr. P. R. L. Rajavenkatesan Associate Professor amp Head of the Department VIT School of Law VIT Chennai India Dr. E. Prema Assistant Professor Senior VIT School of Law VIT Chennai India V. Shyam Sundar Assistant Professor Chennai Dr. Ambedkar Government Law College Pudupakkam Chennai India ABSTRACT A business method can be understood as an effective method of conducting commercial transaction. An external patent incentive is not necessary to encourage and motivate the creation of business methods. The globalization liberalization and industrialization have paved the way for increasing business all over the world. For which business method has assumed much importance. Business method patents are relatively new species of patent regime and holder of business methods has exclusive rights to a particular way of doing business. This paper focuses on patenting of business methods in India and USA and existing position in TRIPS. Keywords Business Methods Patent Commercial Exploitation E-Commerce Intellectual Property Rights Innovation and Industrial Application. Cite this Article Dr. P. R. L. Rajavenkatesan Dr. E. Prema and V. Shyam Sundar Patenting of Business Methods Issues and Challenges International Journal of Management 11 4 2020 pp. 160-168. http IJM JType IJM amp VType 11 amp IType 4 1. INTRODUCTION Modern economy is often addressed as knowledge economy where knowledge is treated as one of the important sources of power. In a knowledge economy the role of intellectual property rights IPRs is .
