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Inventors should be aware, however, that if a provisional patent application expires without converting it to a full non-provisional patent application within a year, the inventors will lose the priority date of the provisional patent application if they later file a subsequent patent application for the same invention.
Micro entity status is a newer status, introduced under the America Invents Act Leahy-Smith America Invents Act (“AIA”) in 2011 as an effort to reduce the cost of patenting for small businesses and individual inventors. Each applicant is obligated to update the patent office anytime their entity status changes.
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