The U.S. Patent and Trademark Office (PTO) has finalized new fees to take effect in March 2013. The PTO believes these fees will aid in reducing pendency of patent applications within the agency.
The PTO is relying on the additional revenue to increase resources that will reduce currently pending application levels and allow the agency to keep pace with new filings. Over the next three years, the PTO expects to reduce the pending backlog from approximately 600,000 to approximately 335,000. The PTO has a high expectation of reducing the time from filing to issuance from about 32 months down to 20 months by fiscal year 2017.
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