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.
If a patent is granted, it will expire 20 years from the filing date of the patent application. If the patent office takes longer than three years to examine and grant a patent, the term of the patent may be adjusted accordingly. In some ways it may be beneficial to the inventor to have a long wait since the life of his patent will be extended.