Obama inks patent reform bill

A patent reform seems to have been long due - patent wars escalated in recent months, but it’s really companies like Lodsys speculatively buying others inventions to profit from them that have underlined the urgency of reform. Two weeks ago, the US Senate finally approved a patent reform bill known as the America Invents Act introducing change into a piece of legislation dating back 50 years ago or so.
The new bill aims to change the way the system functions at its core switching from the first-to-invent to the first-to-file method used in virtually all developed countries. But the bill had to pass one more hurdle before coming into force - the president’s approval. Barack Obama inked the l... »read more

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