The New Year is a traditional time to reflect on how we can improve ourselves and our businesses. It also is a prime time to revamp your organization’s intellectual property strategy of as another wave of provisions in the Leahy-Smith America Invents Act (AIA) come into effect.
Here are six simple and practical resolutions for getting a jump-start on patent reform.
4. Expedite prosecution of your most important patent applications. Already in effect is an AIA mechanism for patent applicants to speed up the patent process by paying an additional petition fee ($4,800) for prioritized examination. The United States Patent and Trademark Office (USPTO) is chipping away at the backlog of nearly 700,000 patent applications awaiting examination, but non-expedited examination, on average, takes about three years. As of Sept. 16, 2012, the AIA also will prioritize examination of applications important to the national economy or competitiveness.