What does the America Invents Act state about patent applications?

The America Invents Act established a significant shift in the U.S. patent system from a "first to invent" standard to a "first to file" system. Under this new framework, the patent rights are granted to the individual or entity that is the first to file a patent application for an invention, regardless of who actually invented it first. This means that if two inventors create the same invention independently, the one who files their patent application first will be awarded the patent rights. This change encourages prompt filing of patent applications, simplifying the process and providing a clear priority rule for patent rights.

The other options do not reflect the current legal framework established by the America Invents Act. Option A describes the previous "first to invent" standard, which is no longer applicable. Option C about public display of inventions before application is not a requirement under the Act; in fact, premature disclosure can sometimes harm patent rights. Option D is inaccurate because while registered entities can file, individuals can also file patent applications without needing to be a registered legal entity. Thus, the statement that the first person to file a patent application receives protection aligns perfectly with the current law.