Higher Patent Fees Could Cost Business Innovators Billions

Higher Patent Fees Could Cost Business Innovators Billions

A plan to charge patent filers between 1 and 5 percent of the estimated value of their intellectual property or products could jack up company expenses, particularly in the tech sector.

Trump Administration Proposes Major Patent Fee Overhaul

The Trump administration is exploring a fundamental transformation of America’s 235-year-old patent system, proposing percentage-based fees that could generate tens of billions in federal revenue while potentially disrupting the innovation landscape. The Proposed System Change The Commerce Department is actively developing a new fee structure that would require patent holders to pay between 1% and 5% of their patent’s assessed value, according t…