Melanie' Post

“U.S. Supreme Court Issues Key Ruling on ‘Processes’ as Patentable Subject Matter.”

August 9th, 2010


By John R.  Harris and Daniel Sineway

The U.S. Supreme Court today (June 28, 2010) handed down its highly-anticipated opinion in the case of Bilski v. Kappos, Case No. 08-964.  The Supreme Court affirmed the decision of the Court of Appeals for the Federal Circuit and held that the subject matter of Mr. Bilski’s patent application was not patentable subject matter.

However, in ruling against Mr. Bilski and denying him a patent, the Supreme Court said that the Federal

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“Preparing Your Company for an Initial Public Offering”

by John C. Yates, Esquire

Are Incorporation Documents and Corporate Records in proper form?

  • Articles of Incorporation must comply with state law (O.C.G.A. §14-2-202 for Georgia corporations) and should indemnify Directors to the maximum extent.
  • Bylaws must accurately reflect an effective plan for managing the Company and regulating its affairs and should protect the Company’s Officers and Directors from liability to the maximum extent provided by law.
  • Foreign Qualification Certificates must be available from every state in which the Company conducts the required level of business.
  • Stock

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Implementing a Revenue Recognition Plan

by John Yates



This memorandum provides practical pointers for technology companies and their professional advisors to consider in view of the impact that accounting guidelines, industry practices, and other revenue recognition requirements may have on their business. In many cases, these pointers will help to reduce the amount of time required to respond to future inquiries from third parties and accountants regarding a company’s understanding and implementation of revenue recognition policies.

1. Determine Revenue Recognition Goals.

The technology company should determine whether its goal is to recognize revenue as soon as possible or defer the recognition of revenue. If the goal is

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