Are you fearful of what it can cost you to acquire a patent? If you are an unbiased inventor, you may be. Large corporations may be able to shell out thousands of dollars without flinching, but when the amount of money 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 start with the fees from the US Patent Office. To file a fundamental patent application the charge is $500. Once the Invent Help Inventors is granted, there exists a $700 issue fee along with a $300 publication fee. There could also be surcharges if the patent application has ended 100 pages or has more than 20 claims. There is certainly typically some communication in between the patent office and also the inventor (or the inventor’s attorney) during the review procedure of the application form, and in case the inventor’s responses are late, there may be much more surcharges.
Now that we’ve established that the Patent Office’s fees alone can be very expensive, let’s talk about attorney fees. It could not unreasonable to get a patent attorney charge from $150 to $400 an hour for services. Some companies may pay $12,000 to $14,000 in attorney fees to acquire a patent application to the patent office. However, there are some attorneys who charge lower fees – $2,000 to $4,000 total – for his or her work making the process far more affordable.
At this stage you might wonder when it is all worth it. Consider this query: Will owning a patent with this idea generate more revenue compared to what it will cost to have the patent? Otherwise, it could be cheaper for you to just walk from the whole thing. But for people who believe getting the patent is an investment and will be worth the cost over time, there are certain things that can be done to reduce your costs.
Until you are patent savvy, you will still need a professional to get ready the Invention Ideas. A possible method to minimize costs is to apply a patent agent as opposed to a patent attorney. Patent agents are non-attorneys who are qualified to prepare patent applications and normally have lower rates. Whether or not you choose an attorney or perhaps an agent to prepare your application, their costs will likely be worth it.
You should understand that its not all patents are produced equally. The worth of any patent depends on the method by which it really is written, particularly in the “claims” part of the patent. Much too often, individuals file patents without the help of a patent attorney or agent and end up getting I Have An Invention with unnecessary limitations. Competitors have umstjl trouble getting around such weak patents, as well as the individual may lose vast amounts of money amount of revenue.
Because you hire legal counsel doesn’t imply that you don’t have control over the expense. Well prepared inventors who communicate quickly making use of their attorneys may have the biggest savings. Do not approach a lawyer until you have done anything else that you can do. Before making any major investment you need to do the research. Websites like uspto.gov, inventorbasics.com, and others can be quite a good place to start. Prepare figures, write a detailed description of the invention, and conduct a patent search (uspto.gov). Should you begin a visit with the attorney, and that he/she begins asking questions you don’t have answers for, rescheduling another visit might be necessary.