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ALEXANDRIA, Va. (AP) — President Barack Obama signed into law Friday a major overhaul of the nation's patent system to ease the way for inventors to bring their products to market. "We can't afford to drag our feet any longer," he said.
Passed in a rare display of congressional bipartisanship, the America Invents Act is the first significant change in patent law since 1952. It has been hailed as a milestone that will spur innovation and create jobs.
The bill is meant to ensure that the patent office, now facing a backlog of 1.2 million pending patents, has the money to expedite the app
Originally posted by wtbengineer
reply to post by Qemyst
I don't know what the Patent Office needs more money for, I was an examiner there a few years ago and they make a huge profit on application fees already. That's why we were paid at a higher rate than regular government employees. We were 2 years behind then and I imagine they still are. I don't think more money is going to fix it. The problem is they can't keep employees for long. They hire many but most leave because you have to meet production quotas or you get fired.
I transferred to another agency so I didn't have to deal with that.
edit on 9/16/2011 by wtbengineer because: (no reason given)
Well, if you thought you understood the world of patent law... be advised; our seriously corporate-bent legislators have flushed 200 years of patent law down the toilet.
We have joined the global community.... it's no longer "first to invent" it is NOW "First to file"
Originally posted by DontTreadOnMe
An earlier thread was created to discuss this bill, not seeing this as a good thing for citizens:
If you have ideas and no money, you're pretty much out of luck
Well, if you thought you understood the world of patent law... be advised; our seriously corporate-bent legislators have flushed 200 years of patent law down the toilet.
We have joined the global community.... it's no longer "first to invent" it is NOW "First to file"
www.abovetopsecret.com...edit on Fri Sep 16 2011 by DontTreadOnMe because: (no reason given)
It has been hailed as a milestone that will spur innovation and create jobs.
Originally posted by Qemyst
I would love to see new inventions coming to fruition, and in turn, creating new jobs. Do you think that is actually what will happen though? Or will it convolute things further?