Shouvik Biswas spoke to the World Intellectual Property Review about the ten year anniversary of the America Invents Act (AIA). Also known as the Leahy-Smith Act, the AIA was designed to modernize the U.S. patent system, and also led to the creation of the Patent Trial and Appeal Board (PTAB).
“Ten years after its passage, we now have a clear sense of whether the AIA lived up to its promise,” Shouvik said. “It clearly has. The post-grant proceedings established by the AIA have created a true alternative to patent litigation. While many feared that the AIA would favor larger established companies and stifle start-up formation in the U.S., these prophecies have not come to pass. The AIA has reduced the expense of patent litigation and kept the U.S. patent competitive with the rest of the world.”