Bootstrappers won’t like the recently enacted patent reform law. Called the America Invents Act, it was signed by President Obama on September 16. The law takes effect March 16, 2013. It provides for a “first to file” patent system. Currently a patent is awarded to the first person to invent and reduce the invention to practice, even if they file up to a year after invention. With the new law the patent will be awarded to the first person to file for the patent and the one year grace period will be gone.
While this might seem like no big deal to a bootstrapper, it is a serious handicap.
Pete Tormey will talk about ‘The New Patent Law’ and its implications on Bootstrappers.
Venue: Sandbox Suites, Union Square (567 Sutter Street)
Time: 8.30 am
Date: 21st October, 2011
Pete Tormey moderates our Walnut Creek breakfasts; he is also a patent attorney at Antero & Tormey LLP. He offered his analysis of the new patent law update, the America Invents Act (HR 1249 112th Congress), concluding that it is an unfavorable development for bootstrappers.
Here’s a good preview: “Why the “America Invents Act” is Bad for Startups and Bad for America by David Boundy (a patent attorney)”
http://www.reformaia.org/news/why-america-invents-act-bad-startups-and-bad-america-david-boundy
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