Each time that I traveled to Asia on business over the last seven years, I was asked as to when the world might expect U.S. patent reform. Well, it’s finally here. You cannot look at a paper or a blog without some reference to the America Invents Act being signed into law last Friday. One of the more immediate implications of this law was to give the USPTO fee-setting authority. As such, there will be a 15 percent surcharge on certain patent fees, effective Monday, September 26, 2011. There is also a newly established “micro-entity” rate that should be reviewed. All in all, we haven’t seen a rate hike in about three years from the USPTO so it’s better than most industries.