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Perspective

Mar. 26, 2009

In Light of Low Patent Allowance Rates, Applicants Must Get Serious

The U.S. Patent and Trademark Office has dramatically decreased the percentage of patent applications it approves.

By John D. McConaghy

The economy is not the only thing to hit record lows this year. The U.S. Patent and Trademark Office has dramatically decreased the percentage of patent applications that are allowed to issue as patents. The allowance rate has gone from a high of 73 percent a few years ago to a first quarter 2009 rate of 42 percent and dropping. With manufacturing fleeing Southern California, if not having fled, intellectual property has become a significant "produc...

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