What is the significance of the four-month and sixteen-month time periods for filing a priority claim?

What is the significance of the four-month and sixteen-month time periods for filing a priority claim? The four-month and sixteen-month time periods are crucial deadlines for filing a priority claim in a U.S. patent application. According to MPEP 214.01: “The claim for priority must be filed within the later of four months from the actual…

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