Leahy-Smith America Invents Act, Section 13. Funding agreements

Executive summary:

This document contains Section 13 of the Leahy-Smith America Invents Act

The section index for the Act is found on the Index Page. The full text of the Act can be found on the full-text page.

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SEC. 13. FUNDING AGREEMENTS.

(a) IN GENERAL.--Section 202(c)(7)(E)(i) of title 35, United States Code, is amended--

(1) by striking “75 percent” and inserting “15 percent”;

(2) by striking “25 percent” and inserting “85 percent”; and

(3) by striking “as described above in this clause (D);” and inserting “described above in this clause;”.

(b) EFFECTIVE DATE.--The amendments made by this section shall take effect on the date of the enactment of this Act and shall apply to any patent issued before, on, or after that date.