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Term Definition

A Covered Business Method (CBM) patent is any patent that claims a method or apparatus used in the practice, administration, or management of a financial product or service. CBM review (called the "transitional program for covered business method patents" or "TPCBM") is available for these types of patents, which is a type of administrative proceeding that allows a party to challenge the validity of a CBM patent in front of the PTAB.