Catching a patent can be a lot of work for businesses and founders in the coming years. Trump management will increase trillions for the government, but it is reported that an important change in the patent process that can significantly increase acts for patent owners.
Wall Street Journal It is considered to fill the patent owners between 1% and 5% of the total patent value of the trade department. It is unknown that the current model will pay for companies and individuals with three straight repairs fees (usually up to a few thousand dollars) or these accusations.
Project proposals and financial models are being prepared, Magazine Reports. If the change is passed, for large technological companies such as apples or amazon, the file for thousands of patents in the year, has been given for defense purposes and never been used.
The money raised from the payments will be used to pay a $ 37 trillion national deficiency and possibly other unknown tasks.
Did not respond to the Trade Department Fast companyrequest to comment on possible changes.
No other country patent holders will not pay a percentage of the patent’s value. In the United States, utility patent holders currently pay for repair fees after 3.5, 7.5 and 11.5 years later 11.5 years. 11.5 years of payment – the largest of three people is $ 8,280, and half of all patents put updates to the public area before reaching this point. (Design patents are exempt from repair fees.)
The US Patent and Trademark Administration (USPTO) is an agency that pays the costs to apply for patents and trademarks and collecting payments. Last year, he received the fees of a total of $ 4 billion in patent payments and the $ 583 million trademark and maintains operations to cover any financial shortages.
A radical change in the 235-year-old office can give a significant impetus from both internal and international enterprises. Many will probably return patent documents, perhaps will be informed about the innovations that prevent others from taking patents in this creation.
Another potential barrier, patents – give an assessment to something that USPTO has never done. The development of a reliable method would be time and money and politicians will have to decide how to manage patents less or less value (ie when the patent is over the market value).
Post-doge itpto
Potential changes to the patent are coming after the focus of the importance of review by the USPTO Government Efficiency Department. How many employees were found to have stops how many employees were put or received or received early retirement, and for all 800 new employees of patent examiners.
In addition, the Agency’s Patents Commissioner Vaimali Udupa, resigned in February, and said they heard about the other, the lower-level march with the department.
Today, waiting for a product to patent an average of 30 months. (Trademarks last about 10 months.) Without new employees, you can significantly extend this time and add a new patent process to the mix.
Trading Secretary Howard Lutnick controls uspto and pledged during approval to resolve the application called “unacceptable” and was pledged.