Micro Entity Rules Published May 30th 2012

Proposed rules implementing the micro entity category were published for public comment in the Federal Register on May 30th, 2012. This begins the 60 day period where members of the public can voice their concerns or support of the new rules. You can read the proposed rules by clicking here, and you can submit comments by clicking here.

The micro entity was created by the Leahy-Smith America Invents Act (AIA) and provides certain applicants with a 75% discount on government fees which is a significant reduction over the 50% discount provided to small entities. In order to qualify as a micro entity under the proposed rules one must first satisfy all of requirements for being a small entity, and must additionally: (1) must be named in fewer than four patent applications, (2) must meet income limitations (less than three times the median US household income), and (3) must not assign the invention to a disqualified entity.