The United States currently has the largest number of enforced patents in the world. Most people agree that the commercial and scientific market conditions of the nation are highly conducive and inspiring for innovators to focus on their art and create patentable technologies.

The most fundamental method of monetization is to turn your intellectual property into commercial products. Intellectual property represents the heart of commercial strategies, as is proven by its growing measure of the fixed assets in the enterprise value.

The effects of the COVID-19 outbreak have created an extraordinary situation for affected patent applicants and patentees. Therefore, USPTO is extending the time period for petitioning for certain rights of priority or benefit and waiving the associated petition fee.