From the USPTO, Director's Forum: David Kappos' Public Blog
In the past 50 years, we have seen technology evolve at a faster pace
than any other period in history, but our patent laws have not kept up.
Earlier today [September 16th], that changed.
In an ongoing commitment to the innovative spirit that has defined our nation, the President's signature on the Leahy-Smith America Invents Act
sets into motion the most significant overhaul to our patent system,
since the founding fathers first conceived of codifying a grand bargain
between society and invention.
Since the inception of our country, well-defined and secure patent
rights have enabled creative thinkers of all stripes to protect their
ideas. An efficiently operating IP system-one which processes
applications and issues high-quality patents quickly-is especially vital
to small and new businesses, which create two out of every three
American jobs. For investors, patents are strong indicators of market
potential for new companies. And for inventors, they are essential to
attracting the venture capital to develop and distribute their products
Starting today, the historic legislation provides applicants
greater certainty about their patent rights, while giving the USPTO, and
our examining corps the resources we need to operate efficiently and to
issue high-quality patents quickly. The law also cuts costs for small
and medium-sized enterprises and establishes a new in-house review
process for challenging patents that is faster and significantly cheaper
than costly and prolonged litigation that stymies technological growth.
By resolving disputes about patent rights earlier, more efficiently,
and at less cost, we're able to add greater certainty to the American
patent system. That certainty ensures that the ingenuity of the American
people has the power to accelerate our economic recovery, and ensures
that our nation's innovators and job creators aren't held back.
While this historic law overhauls the American patent system, it
takes effect over a period of years, so the USPTO will have time to plan
and implement the necessary adjustments. An AIA taskforce coordinator
and working groups have already been established to oversee a staged
implementation of the bill. Extensive input will be sought from the
public, our stakeholders, and our employees through a variety of
outreach effort-so we encourage you to participate and regularly track
updates pertaining to the new law at www.uspto.gov/americainventsact.
The United States has always been hardwired for innovation. We all
know that we face genuine economic competition in more sectors, from
more companies, and from more places than ever before. But generation
after generation, whether it's planting a flag on the moon or
communicating across continents by the click of a button-it is American
inventors who have led the world to historic discovery, unleashing a
tidal waves of new jobs in new industries. That's why we also appreciate
the strong support of the legislation's co-sponsors, as well as the
continuing commitment of all Members of Congress and our stakeholders,
in helping pass this law and ensuring that the USPTO retains the funding
it needs perform its core mission, and unlock those key technologies
that will define generations to come.
The America Invents Act is tremendous down payment on the
aggressive jobs agenda President Obama has laid out for our country, and
I look forward to the challenges that lay ahead in building out a 21st
century United States Patent and Trademark Office will protect the ideas
that spur economic growth.
Lexis.com subscribers can explore/search Patent Law resources on Lexis.com or access any of these Mathew Bender Patent Law publications:
Non-subscribers can purchase Patent Law
treatises/resources and Mathew Bender publications from the LexisNexis Bookstore
For more information about LexisNexis products and
solutions connect with us through our corporate