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New Patent Law Highlights the Need for Speed

The new patent reform law has sparked mixed reactions, with large companies generally in favor and small businesses opposed.

October 1, 2011

After years of discussion and debate, patent reform is now imminent. The America Invents Act passed Congress and was signed by President Obama last month. Among a number of notable changes are a shift from a first-to-invent to a first-to-file system, and a provision that allows businesses to pay a fee to speed up their applications. Advocates say the reforms will help streamline the patent system, which currently has a backlog of nearly 700,000 applications, but opponents say the law favors large businesses that have the resources to race to the patent office and pay the expediting fee. Read more...

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More Intellectual Property Articles

  • Any More Bright Ideas?

    Test your knowledge of IP ASAP. February 1, 2011

  • "It Wouldn't Matter if It Was Widgets."

    (Except, of course, that no one has ever been arrested for smoking a widget.) An interview with Richard Cowan, CFO, Cannabis Science Inc. September 1, 2010

  • When Can a Process Be Patented?

    A hedging idea has implications for other business processes, such as tax strategies. July 12, 2010

  • Keeping Your Ideas to Yourself

    Why intellectual property is worth protecting – more than ever. February 25, 2010

  • Cut-Price Ideas

    New rules will make it cheaper to secure pan-European patent protection. April 7, 2008

  • Innovators' Dilemma

    New patent laws may complicate life for inventive companies. November 1, 2007

  • Patents Bending

    The Supreme Court takes a swipe at "obvious" patents. July 23, 2007

  • A Triple Play in IP Valuation

    A new method for valuing intellectual property divides intangible assets into three components. The result, says its inventor: better deal terms and more accurate transfer-pricing. November 13, 2006

  • What Do You Know?

    Tracking patent portfolios is not only critical for growth, it's necessary for survival. July 1, 2006

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