September 16

The America Invents Act is the most significant overhaul of U.S. patent law since 1952.  Through this Act, American inventors can hope to see a breakthrough in the logjam of patent applications that hold up applications for years at a time.  (At last count, there are over 700,000 backlogged patent applications — slowing countless product and business innovaions from seeing the light of day.)

The bill also gets the U.S. on the same patent footing as the rest of the world, by changing our system from a “first-to-invent” standard to a “first-to-file” standard.  This one change, alone, is designed to eliminate the myriad of court cases that try to resolve which inventor came up with an idea first.

Additional information can be read at the following AP report: http://bit.ly/pWOQR0

Photo courtesy of the AP.

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