Are you fearful of what it will cost you to acquire a patent? In case you are an unbiased inventor, you might be. Large corporations may be able to shell out thousands of dollars without flinching, but when the cash comes from a single income it’s a different story.
So how much would it cost a person or your small business to get a patent? Let’s get started with the fees from the US Patent Office. To file a fundamental patent application the fee is $500. If the How Do I Get A Patent is granted, you will find a $700 issue fee along with a $300 publication fee. There could also be surcharges when the patent application is finished 100 pages or has more than 20 claims. There is certainly typically some communication involving the patent office as well as the inventor (or the inventor’s attorney) throughout the review process of the applying, and if the inventor’s responses are late, there may be even more surcharges.
Now that we’ve established that the Patent Office’s fees alone can be very expensive, let’s speak about attorney fees. It could not really unreasonable to have a patent attorney charge from $150 to $400 one hour for services. Some companies may pay $12,000 to $14,000 in attorney fees to get a patent application towards the patent office. However, there are some attorneys who charge lower fees – $2,000 to $4,000 total – for work making this process far more affordable.
At this stage you may wonder when it is all worthwhile. Ask yourself this inquiry: Will owning a patent about this idea generate more revenue than it can cost to obtain the patent? If not, it may be more economical that you should just walk from the whole thing. But for those who believe getting the patent is surely an investment and will be worth the cost over time, there are certain things you can do to reduce your costs.
Except if you are patent savvy, you may still need a professional to get ready the How To Patent An Idea With Invent Help. A likely method to minimize costs is by using a patent agent instead of a patent attorney. Patent agents are non-attorneys who definitely are qualified to prepare patent applications and typically have lower rates. No matter whether you select legal counsel or perhaps an agent to get ready the application, their costs is going to be worth it.
It is important to keep in mind that not every patents are made equally. The value of the patent depends on the manner in which it is written, particularly in the “claims” part of the patent. Very often, individuals file patents without the assistance of a patent attorney or agent and end up getting Inventions with unnecessary limitations. Competitors have umstjl trouble getting around such weak patents, and also the individual may lose vast amounts of money worth of revenue.
Simply because you hire a lawyer doesn’t mean that you don’t have control over the expense. Well prepared inventors who communicate effectively with their attorneys will have the biggest savings. Do not approach legal counsel till you have done everything else you can do. Before you make any major investment you have to do the research. Websites like uspto.gov, inventorbasics.com, as well as others might be a good place to start. Prepare figures, write a comprehensive description of the invention, and perform a patent search (uspto.gov). In the event you start a visit with the attorney, and then he/she begins asking questions you don’t have answers for, rescheduling another visit could be necessary.