Page 3 - Patent Process News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Listen. >> if we get patent reform legislation done and the uspto is set free, deficit neutral to go attack that backlog and put patents out so americans can create jobs i believe you're going to see at least hundreds of thousands, and over a period of kwraoer years, literally milf jobs created. >> reporter: think about the laser which now appears in everything from that barcode scanner in your supermarket to saoupblg cal equipment and imagine all of the jobs that that single invention has created in numerous industries. obviously bakers say streamlining the patent process could produce thousa...

Patented. pay attention, there is a battle over patent reform shaping up on capitol hill. a bill in front of the u.s. senate would stream like the patent process. backers say the overhaul is long overdue that it will help create new,-paying jobs. critics say the new system would hurt the little guys. jonathan serrie live for us in atlanta. what kind of changes are we talking about here for the patent process. >> reporter: they are trying to address a huge backlog. usually the u.s. patent and trademark office has a backlog of 700 applications, each taking up to three years to go through the app...

Of people are either. >> we've got to start a movement, david. you have to be pretty smart in this world to file a patent. if you want to be smarter, reed david's stuff on money.com. he writes about all of this stuff. you'll get better at it. to check out more on the patent process and see more pictures, head to cnn.com/ali. another bush in the white house. mark preston has the details next.

Date has been very positive, but that said, we did talk about areas for improvement. one would be leveling the playing field, so making sure that u.s. companies like motorola solutions and others have equal access and a level playing field to compete for chinese government contracts as we go against indigenous providers within the country. the second was intellectual property. a lot of u.s. multinational companies develop r & d, develop a sophisticated patent process and it's fundamental that the respect and adherence to ipt elect you'll property laws and rules an regulations are key. those ar...

Section that's just patents, trademarks and copyright and they have everything right there for a very low amount of money. >> we talk about this a lot on the show and people have different views whether you should incur the time and expense to go through the patent process and that's something you have to ask yourself in the beginning because it's not something you sign up and get the patent tomorrow. it is years. >> all you get is the right to go to court. >> and then you need 0 to defend it. >> that's why you see pat pending all the time. >> patent pending for years. finally a question abo...