Kraig Biocraft Laboratories Inc (KBLB)

[golferman]

Provisional Patent Application (Informal Application, United States):

A temporary, one year, simplified patent application, which allows the applicant to claim a date of filing and patent pending status.

That inventor must file his or her corresponding Non-Provisional Patent Application within 12 months of the date the Provisional Application was filed. If the patent is granted, the patent's filing date will be the same as for the provisional application, effectively protecting the invention for a total of 21 years.

Speed to market is paramount today. Whether you are a creative person, inventor, entrepreneur, startup, medium-sized enterprise, or Fortune 500 company, there’s no doubt that filing intellectual property quickly after the conception of a new invention, innovation, or service is an absolute must. This is a standard position held by most experts given that our patent system is now ‘first inventor to file’ and not ‘first to invent.’