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preclud[es] a patentee from regaining, through litigation, coverage of subject matter relinquished during prosecution of the application for the patent).
In general, a granted patent will entice more demand and a higher price tag than a patent application, as the granted patent has clear rights while the application just has the possibility for future rights (and additional costs of continuing prosecution of the application).
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(f) Where application papers from a prior application are used in a continuing application and the correspondence address was changed during the prosecution of the prior application, an application data sheet or separate paper identifying the correspondence address to be used for the continuing application must be submitted.
Otherwise, the Office may not recognize the change of correspondence address effected during the prosecution of the prior application.
Patent Term Adjustments (also indicated on the front cover of the patent) are granted by the USPTO as a result of delays during the prosecution of the patent application and extend the life span of a patent.
In practice, patents and patent applications are not valued equally because the value of a patent application can change drastically during the course of prosecution and the owner of the application must expend significant resources relating to its prosecution.
Such requests shall be granted only upon a showing that the request is based on circumstances wholly beyond the applicant's control which preclude further prosecution of his application.
The prosecution of such applications so amended and the grant of registrations thereon shall be proceeded with in accordance with the provisions of this Act [this chapter].
This obligation "includes a duty to disclose to the Office all information known to [an individual associated with the prosecution of a patent application] to be material to patentability" Id.
If such amendments are not made, the prosecution of said applications shall be proceeded with and registrations thereon granted in accordance with the Acts under which said applications were filed, and said Acts are hereby continued in force to this extent and for this purpose only, notwithstanding the foregoing general repeal thereof.
Step 3: Prosecution of Application.
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CEO of Professional Science Editing for Scientists @ prosciediting.com