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About This Document: On Sep 16, 2011, President Barack Obama signed the Leahy-Smith America Invents Act. At the signing ceremony, Obama described the act as necessary to improve patent quality and help give entrepreneurs the protection and confidence they need to attract investment, to grow their businesses, and to hire more workers. The act does not make major changes in the fundamental standards of "novel" and "non-obvious," but it dramatically restructures the processes of obtaining, challenging, and defending patents, as well as the fees charged by the US Patent and Trademark Office (PTO) and the way the PTO is funded. At the center of the act is a fundamental shift in the process for granting a patent when two or more inventors develop the same invention or idea. The new act provides that the patent be granted to the first person to file his or her patent application.

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Categories: DocStore > Periodicals > Social Sciences
Tags: Information Today, Nov 2011, The Next Step in Patent Reform, Pike, George H, Feature, Federal legislation, Patent law, Reforms, 4320, Legislation, 9190, United States, United States--US

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The Next Step in Patent Reform

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The Next Step in Patent Reform

November 2011

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