Patent Law Updates | New Statutes, Regulations and Rules
March 12, 2010
USPTO and UKIPO Unveils Action Plan to Reduce Global Patent Backlogs
USPTO-AKIPO Tie Up
10-09, 3/10/2010
The United States Patent and Trademark Office (“USPTO”) and the UK Intellectual Property Office (“UKIPO:) have agreed to develop an action plan for reducing patent processing backlogs in both offices. According to both agencies, patent backlogs hinder the deployment of innovation and have clear adverse effects on the global economy.
And according to a study by London Economics released on behalf of the UKIPO, the first study that attempts to quantify the economic impact of patent backlogs, the cost to the global economy of the delay in processing patent applications may be as much as £7.65 ($11.4) billion each year.
David…
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