FAQs Patent Questions

Question:What are Credit Patents?

Answer:
Credit patents are similar to Cash; lands could be purchased under the Land Law of 1800 from the General Land Office. This credit system allowed purchasers to pay in installments over a four-year period. A delinquent payment or non-payment of the full balance resulted in forfeiture to the U.S. Because of the economic hardship Congress quickly abandoned the credit system and through the Act of April 24, 1820 required full payment for land to be made at the time of purchase.

Question:The functions of the United States patent and trademark office.

Answer:
The role of the USPTO is to grant patents for the protection of inventions and to register trademarks.

Question:If two applications are filled for the same patentable invention the Office will determine who is entitled to the patent

Answer:
Occasionally two or more applications are filed by different inventors claiming substantially the same patentable invention. The patent can only be granted to one of them, and a proceeding known as an “interference” is instituted by the Office to determine who is the first inventor and entitled to the patent.

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