Are you fearful of what it really can cost you to obtain a patent? If you are a completely independent inventor, you might be. Large corporations may be able to shell out 1000s of dollars without flinching, however when the money comes from a single income it’s a different story.
Just how much would it cost Next to acquire a patent? Let’s begin with the fees from your US Patent Office. To file a fundamental patent application the fee is $500. If the patent is granted, you will find a $700 issue fee along with a $300 publication fee. There may also be surcharges when the patent application has ended 100 pages or has greater than 20 claims. There exists typically some communication between the patent office and also the inventor (or the inventor’s attorney) through the review process of the application, and in case the inventor’s responses are late, there could be even more surcharges.
Since we’ve established the Patent Office’s fees alone can be quite expensive, let’s speak about attorney fees. It would not be unreasonable to get a patent attorney charge from $150 to $400 an hour for his or her services. Some companies may pay $12,000 to $14,000 in attorney fees to get a patent application to the patent office. However, there are a few attorneys who charge lower fees – $2,000 to $4,000 total – for work making the process a lot more affordable.
Around this point you may wonder should it be all worthwhile. Consider this inquiry: Will owning a patent about this idea generate more revenue than what it will cost to get the patent? Otherwise, it may be a little more economical that you should just walk from the whole thing. But for those who believe getting the patent is an investment and will be worthwhile inside the long run, there are certain things you can do today to minimize your costs.
Unless you are patent savvy, you may still want a professional to make the patent application. A likely way to minimize costs is by using a patent agent instead of a patent attorney. Patent agents are non-attorneys that are qualified to prepare patent applications and routinely have lower rates. Regardless of whether you decide on a lawyer or perhaps an agent to make your application, their costs is going to be worth it.
You should keep in mind that its not all patents are made equally. The worth of any patent depends on the manner in which it really is written, particularly in the “claims” section of the patent. Very often, individuals file patents without the help of a patent attorney or agent and get a patent with unnecessary limitations. Competitors do not have trouble getting around such weak patents, and the individual may lose huge amounts of money amount of revenue.
Just since you hire a lawyer doesn’t mean which you don’t have control of the costs. Well prepared Right Here who communicate effectively using their attorneys may have the biggest savings. Do not approach an attorney till you have done everything else you can do. Before making any major investment you need to do your research. Websites like uspto.gov, inventorbasics.com, yet others ittgcu become a good place to start. Prepare figures, write an in depth description of the invention, and perform a patent search (uspto.gov). Should you take up a visit with the attorney, and then he/she begins asking questions you don’t have answers for, rescheduling another visit may be necessary.