On September 8, 2011, the US Senate passed the Leahy-Smith America Invents Act (“the America Invents Act”) by a vote of 89-9 (which was signed by President Obama on September 16). A lot has been said about the Act and its implications. Let’s take a look:
- President Obama calls the Act “much-needed reform [that] will speed up the patent process so that innovators and entrepreneurs can turn a new invention into a business as quickly as possible.” Read the press release from the White House here. Do you agree?
- The jobs debate: Proponents of the Act say that it will create 200,000 jobs. Will it?
- What’s happening when: Some provisions will take months to go into effect, while others are immediate. IPWatchdog’s Gene Quinn examines how the rush to avoid increased fees will hurt the USPTO.
- University focus: Technology Transfer Tactics offers tips for TTOs in light of the Act’s provisions.
- The good, the bad and the ugly: PCWorld examines the pros and the cons of the Act’s provisions, arguing that there seem to be more cons than pros.
- Patently-O discusses the impact on international harmonization.
What are your thoughts on the Act? Feel free to share them in the comments section below.