Obama signs Patent Reform Act

New law will overhaul patent system

Last week, President Obama signed the Patent Reform Act into law. The administration says the new law will put an end false marking lawsuits, give the economy a boost and create jobs, and significantly speed up the patent application process.

“When Thomas Edison filed his patent for the phonograph, his application was approved in just seven weeks. And these days, that process is taking an average of three years,” President Obama said.


Cathleen Flahardy

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