The USPTO has announced (link) a new program for fastracking patent applications related to certain "green" innovations. This announcement happens during the United Nations Climate Change Conference taking place in Copenhagen from Dec. 7-18, 2009.
Since pendency is also a big issue in most patent offices of the world, I hope that other patent offices who do not already offer similar opportunities will follow this US initiative.
Everyone benefits from reducing patent pendency. Applicants are able to market their products and secure their monopoly quicker. The public is able to determine quicker the scope of the monopoly given to the patentee.
Patent pendency unbalances the equilibrium between the patentee, the public and the government.
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