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, 10:26, 23 June 2016
The United States Patent and Trademark Office (USPTO) requires patent holders to pay filing, application, and maintenance fees. In order to encourage smaller firms to apply and hold patents, the USPTO has distinguished between small entities and micro entities, and provided discounts on required fees to both. Definitions are provided by the [http://www.uspto.gov/web/offices/pac/mpep/s509.html| USPTO]. Small or micro-entity status must be verified and asserted prior to paying reduced fees.