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Patent Law: No Fines for Good Faith Errors in Assertions.

This new law introduces a significant change to patent and trademark law. Citizens and businesses submitting applications or certifications will not face fines for false assertions if they can demonstrate they acted in good faith. This provides greater protection against accidental procedural errors in the complex patent process.
Key points
Amendments to patent law (Title 35, United States Code) introduce an exception to financial penalties for false assertions.
If an entity (individual or company) shows that a false assertion or certification was made in good faith, they will avoid the imposition of a fine.
The law reduces the financial risk for inventors and entrepreneurs resulting from unintentional mistakes in patent and trademark documentation.
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Additional Information
Print number: 118_S_3960
Sponsor: Sen. Coons, Christopher A. [D-DE]
Process start date: 2024-03-14