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 Patent Cooperation Treaty facilitates the filing of applications for patents, it is presently adhered to by over 124 countries

Answer:
Another treaty, known as the Patent Cooperation Treaty, was negotiated at a diplomatic conference in Washington, D.C., in June of 1970. The treaty came into force on January 24, 1978, and is presently adhered to by over 124 countries, including the United States. The treaty facilitates the filing of applications for patent on the same invention in member countries by providing, among other things, for centralized filing procedures and a standardized application format.

Question:How often is the USPTO database updated?

Answer:
The database is normally updated every Tuesday, the day patents are issued. Exceptions may occur for Federal holidays and when problems arise with data availability.

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