$70M In Extra USPTO Patent Fees May Go Elsewhere

Law360, New York (September 28, 2010, 5:30 PM EDT) -- The U.S. Patent and Trademark Office expects to collect $70 million in excess fees in 2010, but federal lawmakers could effectively claw back the extra cash in a stopgap budget measure pending in Congress.

As of Monday, the USPTO had collected $32.2 million in excess fees for fiscal year 2010, which started Oct. 1, 2009, and was collecting roughly $7.4 million in extra fees daily ahead of the new fiscal year.

Congress is expected to pass a continuing resolution before the fiscal year ends Thursday that...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.