President Obama signs the America Invents Act today, a major change to the U.S. patent laws. By this new regulation, patents will go to the first innovator who filed the application, as opposed to the one who first made the invention without reporting it. It prevents inventors from coming out and claiming the invention, and I assume it prevents so many lawsuits, court, and lawyer fees. I am thinking some firms whose jobs is to challenge and fight for an existing patents may go out of business!
Reference:
http://whitehouse.blogs.cnn.com/2011/09/16/obamas-day-ahead-the-america-invents-act/?iref=allsearch
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