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Patent Reformation
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I just finished reading an article in Fortune Small Business (FSB) about the Patent Reformation Bill that Congress is considering. What a mess! The United States Patent and Trademark Office (USPTO) is now earning $1.7 billion annually and it takes an average of 31 months to approve a patent. The bill being considered has reasonable arguments from both sides, but no matter which way it goes, it will continue to be a profitable venture for the USPTO and a difficult venture at best for the independent inventor!




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