The United States Patent and Trademark Office (USPTO) is the federal agency responsible for granting patents and registering trademarks. A patent is a form of intellectual property that gives its holder the right to exclude others from making, using, or selling an invention for a limited period of time. A trademark is a word, phrase, symbol, or design that identifies and distinguishes the source of the goods of one company from those of others.
The agency's mission is to promote innovation by enabling inventors and businesses to protect their inventions and ideas. The USPTO achieves this by administering patent and trademark laws and regulations and by providing examining, granting, and registration services. The USPTO is headquartered in Alexandria, Virginia, and has over 12,000 employees.
In Fiscal Year (FY) 2019, the USPTO issued more than 320,000 patents and registered more than 270,000 trademarks. The USPTO also received more than 730,000 patent applications and over 580,000 trademark applications.
The USPTO is vital to the economy and promotes innovation by providing a platform for inventors and businesses to protect their inventions and ideas. The agency also supports the U.S. Patent and Trademark Depository Libraries (PTDLs), which are a nationwide network of public, state, and academic libraries that provide the public with access to patent and trademark information.
The USPTO is responsible for issuing patents and registering trademarks in the United States. This federal agency also disseminates information about intellectual property to the public. The USPTO is led by the Director of the USPTO and has a workforce of over 4000 employees.
The USPTO has a dual role of promoting innovation and protecting intellectual property. On one hand, the USPTO encourages creativity and progress by granting patents for new inventions. On the other hand, the USPTO makes sure that these patents are not misused by others and that the intellectual property rights of patent holders are respected.
The USPTO thus plays a vital role in the US economy, by promoting innovation on one hand and protecting intellectual property on the other.