The U.S. Patent and Trademark Office's fiscal year 2009 annual report indicates declining revenue and patent filings. Notably, there was both a dip in the backlog of patent applications and an increase in the time it takes for the agency to issue a patent. The report, which the agency recently released without fanfare, detailed the agency's $135.9 million budget shortfall, or 6.8 percent of its $2.01 billion forecasted revenue. Fee collections totaled $1.87 billion.
December 11, 2009 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
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