To promote the progress of science and the useful arts, the U.S. Constitution empowers Congress to grant authors and inventors an exclusive right in their respective writings and discoveries for a limited term. In the case of invention, society properly demands of the inventor a disclosure of how to make and use the invention. This enlarges the public store of knowledge, fosters improvement, and makes the invention available to all upon expiration of the patent.
All ABOUT LES
The licensing Executive society, USA and Canada, is a non-profit, non-partisan professional society of 3000 business executive and lawyers, entrepreneur and inventors devoted to bringing the fruit of innovation rapidly to market through business alliances. These alliances, on the whole, are pro-competitive and enhance economic integration and specialization. They promote business formation, investment, and the creation of good, high-paying jobs. Surely, a system that produces durable, predictable, enforceable intellectual property rights will reduce the risk inherent in such alliances, will promote their formation, and will inure to the public good.
Now, the Administration must appoint a new Director. LES urges the Administration to do so promptly. The US patent system is a potent economic engine. It stimulates a disproportionate amount of new business formation, job growth, and investment.
According to LES, USPTO’S director should have following traits
The Administration appoint a Director who has:
(1) first-hand experience of at least 20 years in the procurement, and enforcement and/or commercial exploitation of IP rights in a diverse range of technologies, both domestically and internationally;
(2) A commitment to the prompt examination and issuance of patents and trademarks of the highest quality
(3) dedication to the administration of the USPTO’s duties to ensure transparency, equity, and compliance with prevailing law for the good of industries both large and small, and in a manner that promotes innovation and disclosure;
(4) Legal and/or executive leadership skills, especially in the operation of an enterprise engaged in the creation or utilization of intellectual property; and
(5) A thorough understanding of the role US patent law can play in promoting a fair and level playing field in the world of international trade.
Need for deserving Candidature to revive USPTO
Commercial development of innovation, and new business formation, demands the prompt and predictable grant of durable property rights, and a reasonable expectation of the enjoyment of quiet title upon issuance. Financing of new enterprises, and the growth of existing ones, demands intellectual assets that stand up to challenge, regardless how those assets are derived or commercialized. American innovators deserve strong, predictable, enforceable intellectual property rights, and that starts at the USPTO. Meanwhile, patents issued by other countries are increasingly perceived to be more predictable and enforceable, and thus to have greater value. Investment, and ultimately innovation, will migrate to those environments. We need a USPTO Director dedicated to reviving the US patent system as one of the best in the world, restoring public confidence in the rights it confers, and thereby restoring US prominence in innovation, manufacturing, and new business formation.