Law360, New York (June 7, 2013, 4:16 PM EDT) -- A bill introduced in Congress on Tuesday would allow more companies and individuals to qualify as "microentities" under patent law, giving them a 75 percent discount on U.S. Patent and Trademark Office fees.
The Promoting Startup Innovation Act, H.R. 2236, introduced by Rep. Steve Chabot, R-Ohio, would loosen the requirements for qualifying for the discount and require the USPTO to rule on requests for microentity status within 45 days.
"This legislation significantly reduces the financial burdens of patent applications on small businesses and startups, and ensures...
New Bill Would Widen 'Microentity' Patent App Discount
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