We All Love Discounts Don't We?
Especially if you are a funds strapped inventor, university, professor, or small business.
- Has the assignment information on the patent changed?
- Is there security lien on the patent? This usually means someone thinks the business is worth making an investment in and is looking at the patent as collateral.
- Has their entity status changed from Small or Micro Entity status to Large Entity status?
We make the argument that patentistas - patent attorneys, agents, patent licensing people, are serious enough about their patent assets and those of the clients they support to be careful about how they claim their status. USPTO frowns on not being truthful in your dealings with The Office. Falsely claiming small entity status and not paying the right fees could render your patent invalid. So, as a rule, people follow the requirements in their Oath paperwork. Besides, if you have a hot property that someone wants to license, you aren't going to deliberately establish the wrong entity status to save $1,000 and mess up the revenue gravy train. But there are those out there who disagree with us, mostly because they don't understand the process.
We wrote up how the process works, inserted a little USPTO MPEP head exploding patent mumbo jumbo, and created a timeline so that you can understand how the whole thing works. We added a bunch of links to the bills, and other statutory stuff so everything is in one place. And for you fans of public science and Bayh-Dole, the whole maintenance fee regime started with Bayh-Dole and went on from there. Links included.
Here for your reading pleasure is a link to our Maintenance Fee and Small Entity Background paper or if you prefer a fully annotated, footnote rich version, the Small Entity Paper is in PDF form.
If anyone has any research or thoughts on the whole small entity/micro entity regime, please send us your thoughts at firstname.lastname@example.org.
Enjoy. And get that paperwork going.