Patent Renewal Rates under Different Renewal Period Schemes

by Bharath Venkat In order to keep a US patent in force, the US Patent & Trademark Office requires that patent owners make maintenance fees at years 3.5, 7.5 and 11.5 after grant. This is in addition to filing, search, examination and post-filing fees. Other patent issuing authorities use different rules. For the European Patent Office (EPO), maintenance payments must be made annually and cannot be pre-paid. For Japan (JPO) and the Korean Intellectual Property Office (KIPO), fees are due annually and can be prepaid. If the patent owner decides not to pay the maintenance fee, then the patent owner

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The New Game Changer – IP5 and Global Prosecution Data

It has been over fifteen years since the release of Private PAIR. It was one of the most significant technical achievements by the USPTO and one of the major milestones in the patent data revolution by allowing electronic patent filing and data access. Although a real game changer fifteen years ago, as anyone who tried to get through the latest Java updates to access Private PAIR (especially on a browser other than FireFox) can attest, Private PAIR is far from cutting edge in 2016. Make no mistake; PAIR is still the bread and butter for US patent practice operations and

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Open Innovation Insights from Experts Paul Germeraad and Wim Vanhaverbeke

Open Innovation is a rapidly evolving methodology for accelerating new product development. Rather than developing innovations and new technologies secretly in a corporate laboratory, firms embracing Open Innovation actively seek new ideas from outside the firm and actively solicit ideas for their toughest challenges. According to Wikipedia: The central idea behind open innovation is that, in a world of widely distributed knowledge, companies cannot afford to rely entirely on their own research, but should instead buy or license processes or inventions (i.e. patents) from other companies. Companies who have successfully implemented Open Innovation programs include AkzoNobel, P&G and GE. Paul

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Why do We Pay Maintenance Fees?

Patent maintenance fees continue to increase. However, once the patent has issued, the USPTO does not provide any ongoing services to the patent holders. Therefore patent holders are correct in wondering why they must pay patent maintenance fees and why the fees are increasing. The requirement of maintenance fees has both economic and public policy reasons. First, maintenance fee revenue is used to fund the operations and expenses of the USPTO such as the examination of new patents. Second, maintenance fees allow for the promotion of progress of science and useful arts. Funding the USPTO The net cost of the USPTO program

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