The U.S. Supreme Court has decided to jump into a software patent case that could resolve the muddled situation that has been vexing IT companies, legal experts and federal judges for years. Specifically, the Supreme Court said earlier this month that it would rule on Alice Corp. Pty. v. CLS Bank International, a case involving the patent status of software developed by an Australian firm specializing in financial-industry IT. The outcome could have a significant impact on the course of innovation and the economics of IT.
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