Some California business owners may be unaware that the business methods they employ may be patented. Although there used to be an exception preventing patenting business plans, a 1998 decision by the U.S. Court of Appeals did away with it.
Individuals or businesses that have created a product may wish to file for patent protection on their inventions. A patent allows the creator of a product exclusive rights to make money from the exploitation of that intellectual property. While it may not be possible to get full patent protection on every idea, having even partial protection may be worthwhile when trying to attract investors.