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The America Invents Act Has Been Signed Into Law

September 22, 2011 Leave a comment

I have written posts on spurring innovation and patents, both of which the America Invents Act that was signed into law last week deals with.  The aim of the patent system reform, shifting to a first to file method from the current first to invent, is to increase the drive to develop new technologies as well as simplify the process of granting patents.  While the new system is used by the majority of countries in the world it will be another 18 months before the law takes effect in the United States.  There is a great deal of speculation in the blogosphere and media of the impact this significant overhaul will have, and I encourage those interested to search for some.  Possibilities include the creation of 12 million new jobs or just more of the status quo; however, what actual effect the new law will have after nearly two years will be interesting to see, besides guaranteeing funding for the Patent Office.  My hopes are the both goals of the law are met.

Moderately related further reading on patents and invention I have found interesting is professor Mark Lemley’s “The Myth of the Sole Inventor,” and a critique of his article by John Howells and Ron D. Katznelson.

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