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Afterward, check the date when the patent was first filed. Add 20 years to the date if the application was filed on or after June 8, 1995. If the patent application was filed before June 8, 1995, the patent’s term is 17 years after the grant date of the patent. If it’s a design patent versus a utility patent, the expiration date is 14 years following the date the patent was granted, regardless of when the application was filed.
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It’s best not to leave one’s invention to the mercy of its expiring patent and USPTO rules – keeping some factors of the invention secret, for instance, can help ensure no other party can make the exact same product.
Michael Melton established TME Enterprises , which owns, operates, and manages Taco Bell and Five Guys Burgers restaurants and commercial real estate. Mr. Melton has also been an attorney and consultant at IP Counsel Consultants since 2002, where he provides advice to clients on the licensing, acquisition, and management of intellectual property assets and expert witness testimony. For similar reads, visit this page.