What about the half a million dollars needed for legal defense AFTER receiving a patent when it is challenged at the USPTO's Patent Trial & Appeal Board (PTAB)??? Who will foot that bill Pro Bono? Anyone??? The America Invents Act of 2011 also created this problem. If you don't have this money, you should think twice before you share your invention with the public in pursuit of a patent. Because if someone wants to steal your patent, all they have to do is challenge it at the PTAB, and then you are on your own, and the cards are stacked against you. Here's why: 1. Per the 2017 AIPLA Report on the Economic Survey, the average cost for a patent owner to undergo a patent challenge through appeal is $451,000. 2. A patent only gives its owner the right to exclude others from using her invention; it does not give her the right to produce anything. Thus, there is no guarantee of any income as a result of receiving a patent. 3. Claims for patent challenges instituted at the PTAB are invalidated at an alarming rate of 84% (you only have 16% chance of success). 4.There is no monetary reward if you survive a patent challenge at the PTAB. Therefore, no attorney or investor is going to agree to help you via a contingency fee arrangement. This cost is on the inventor's dime. This is all because Big Tech reached the top and lobbied Congress to pull up the ladder, and as a result, Congress changed the patent law in favor of big business with the 2011 America Invents Act. Inventors are now feeling the consequences. If you want change, go to usinventor.org and join the growing movement to restore patent rights for inventors.
@@bunnybabybevytv6434 people post invalid or incorrect info all the time. i am not saying what jeff posted is false. but i never believe anything i read or hear in reference to important info unless i do my own research.
So can i just write out what i want functionality wise amd this work kind of i would ne filing for a nationwide at first then possible global app that will revolutionize a certain industry adding diy option to many woyhout it never seen before
What about the half a million dollars needed for legal defense AFTER receiving a patent when it is challenged at the USPTO's Patent Trial & Appeal Board (PTAB)??? Who will foot that bill Pro Bono? Anyone??? The America Invents Act of 2011 also created this problem.
If you don't have this money, you should think twice before you share your invention with the public in pursuit of a patent. Because if someone wants to steal your patent, all they have to do is challenge it at the PTAB, and then you are on your own, and the cards are stacked against you.
Here's why:
1. Per the 2017 AIPLA Report on the Economic Survey, the average cost for a patent owner to undergo a patent challenge through appeal is $451,000.
2. A patent only gives its owner the right to exclude others from using her invention; it does not give her the right to produce anything. Thus, there is no guarantee of any income as a result of receiving a patent.
3. Claims for patent challenges instituted at the PTAB are invalidated at an alarming rate of 84% (you only have 16% chance of success).
4.There is no monetary reward if you survive a patent challenge at the PTAB.
Therefore, no attorney or investor is going to agree to help you via a contingency fee arrangement. This cost is on the inventor's dime.
This is all because Big Tech reached the top and lobbied Congress to pull up the ladder, and as a result, Congress changed the patent law in favor of big business with the 2011 America Invents Act. Inventors are now feeling the consequences.
If you want change, go to usinventor.org and join the growing movement to restore patent rights for inventors.
how could this be true?
good to know
@@bunnybabybevytv6434 people post invalid or incorrect info all the time. i am not saying what jeff posted is false. but i never believe anything i read or hear in reference to important info unless i do my own research.
great information
So can i just write out what i want functionality wise amd this work kind of i would ne filing for a nationwide at first then possible global app that will revolutionize a certain industry adding diy option to many woyhout it never seen before
Im oregon and its a service based app i havent seen
This sucks...Fees for filing and application to a "Free" program. It's true Nothing is free with Demarcate run programs.