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America Invents Act
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America Invents Act
Forum
Positives
America Invents Act
Overview of Law
Streamlines the patent application process including awarding patents on a "first-to-file" as opposed to a "first-to-invent" process to help American entrepreneurs and businesses bring inventions to market sooner.
America Invents Act Benefits & Positives
Date
Positive Result\Benefit
Rank
09/16/11
Entrepreneurs and businesses benefited by reduced average wait time for patent approvals from 3 years to 1 year.
09/16/11
Patent litigation costs reduced through tightened patent standards, quality and processes to expedite challenges.
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