Transparency in Patent Funding and Ownership Registration
New rules require disclosure of government funding, including foreign, for patent applications or maintenance fees. Additionally, the act mandates recording patent ownership changes in a publicly accessible database, increasing transparency and allowing citizens to verify who holds invention rights.
Key points
Mandatory disclosure of government funding (domestic and foreign) for patent applications and maintenance fees.
Requirement to record patent ownership changes in a publicly accessible register, increasing transparency.
Failure to record ownership changes may result in loss of enhanced damages for patent infringement.
Creation of a digitally searchable, publicly accessible patent database.
Status:
Expired
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