Value statementsâ ultimate purpose is to encourage behaviors from organization members that encourage the achievement of organizational goals and its mission. Leaders of an organization can encourage these behaviors from other members with a value framework that guides membersâ behavior.
How long a patent lasts depends on when the application was filed with the U.S. Patent and Trademark Office. For U.S. patents filed through June 17, 1995, the patent lasts for 17 years from the date the patent is issued, provided that the fees necessary to keep the patent in force (maintenance fees) are paid. For patent applications filed after June 17, 1995, the patent last 20 years from the date of filing. Since applications typically take one to three years to process, most patents filed after 1995 have an effective duration of 17-19 years.
US Patent Renewal Rules. US patent renewal/maintenance fees are only due three times during their lifetime. They are also only payable after the patent has been granted. The first fee is due three years and six months after grant, and its payment permits the patent to remain in force beyond the fourth anniversary of grant. The second fee is payable by seven years and six months after grant, and the third by eleven years and six months.