June 05, 2012

NCURA's YouTube Tuesday - America Invents Act

Cathy Innes of the University of North Carolina at Chapel Hill, gives an overview of what is changing with the new Leahy-Smith America Invents Act of 2011.

Summary of the Bill:
On September 16, 2011, President Obama signed into law the Leahy-Smith America Invents Act (H.R. 1249), a bill that updates the United States patent system to encourage innovation, job creation and economic growth. Much-needed reforms to the patent system are long overdue. The last major patent re¬form was nearly 60 years ago. The Act implements a first-inventor-to-file standard for patent approval, creates a post-grant review system to weed out bad patents, and helps the Patent and Trademark Office (PTO) address the backlog of patent applications. 

For those interested, the full text of the Act can be found at the United States Government Printing Office as a PDF.

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