Lutnick Rules Out Creating Value-Based Fees For Patents
By Editorial Team
Commerce Secretary Howard Lutnick informed a Senate panel on Tuesday that the government has no intentions of introducing new fees for U.S. patents based on their value. Lutnick dismissed the idea, stating that it is not being pursued.
Lutnick's statement comes amidst speculation that the government was considering implementing a fee structure tied to the value of patents. However, he clarified during the Senate hearing that such a proposal is not on the agenda.
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Lutnick Rules Out Creating Value-Based Fees For Patents Commerce Secretary Howard Lutnick informed a Senate panel on Tuesday that the government has no intentions of introducing new fees for U.S. pat... Read the full IIPLA article: https://iipla.org/news/lutnick-rules-out-creating-value-based-fees-for-patents