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Patent renewal

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Bayslope Business Solutions

When a patent renewal is conceded, its story isn't finished. Patents must be kept so that they "survive" so that the rights to the invention can be enforced. Much of this maintenance involves the payment of an annual fee, which is also known in some parts of the world as an "annuity" or "fee" and may also include a "follow-up fee". Start times, payment terms, and their amounts vary significantly from country to country, so it is important for patent holders to understand renewal requirements for budgetary purposes and to avoid interruptions.

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