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The "micro entity" status is a further status, which was introduced with the Leahy–Smith America Invents Act (AIA), enacted in 2011. The small entity status allows small businesses, independent inventors, nonprofit organizations to file a patent application and maintain an issued patent for a reduced fee—a 60% reduction. [1]
Title 37 is the principal set of rules and regulations issued by federal agencies of the United States regarding patents, trademarks, and copyrights. It is available in digital and printed form, and can be referenced online using the Electronic Code of Federal Regulations (e-CFR).
According to United States patent law, a continuing application is a continuation, divisional, or continuation-in-part application filed under the conditions specified in 35 U.S.C. §§ 120, 121, 365(c), or 386(c) and 37 CFR § 1.78. [16]
Micro entity may refer to: A form of legal person in patent law, see Large and small entities in patent law; Small and medium-sized enterprises#United Kingdom
A few volumes of the CFR at a law library (titles 12–26) In the law of the United States, the Code of Federal Regulations (CFR) is the codification of the general and permanent regulations promulgated by the executive departments and agencies of the federal government of the United States. The CFR is divided into 50 titles that represent ...
Information and software that are published as described in 15 CFR section 734.7, arise or result from fundamental research, are released by instruction in a course or laboratory of an academic institution, appear in patents or published patent applications, unless covered by an invention secrecy order or other exception, are non-proprietary ...
Sponsored by senators, Birch Bayh of Indiana and Bob Dole of Kansas, the Act was adopted in 1980, is codified at 94 Stat. 3015, and in 35 U.S.C. §§ 200–212, [1] and is implemented by 37 C.F.R. 401 for federal funding agreements with contractors [2] and 37 C.F.R 404 for licensing of inventions owned by the federal government.
Small businesses are encouraged per public policy on taxation. For example, from January 1, 2020, Armenia introduced a special micro-entrepreneurship tax system with a non-taxable base of 24 million AMD. Accordingly, a micro-business will be exempted from taxes other than income tax which will not exceed 5,000 AMD per employee. [60]