Are you fearful of what it will cost you to have a patent? In case you are Invention Patent, you could be. Large corporations may be able to shell out lots of money without flinching, but when the amount of money comes from just one income it’s an alternative story.
So how much would it cost someone or a small company to obtain a patent? Let’s get started with the fees from the US Patent Office. To file a simple patent application the charge is $500. When the patent is granted, there is a $700 issue fee in addition to 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 typically some communication involving the patent office and the inventor (or the inventor’s attorney) throughout the review process of the application, and if the inventor’s responses are late, there may be much more surcharges.
Since we’ve established that this Patent Office’s fees alone can be quite expensive, let’s talk about attorney fees. It might not unreasonable to possess 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 procedure a lot more affordable.
At this time you might wonder if it is all worth the cost. Think about this inquiry: Will owning Invention Ideas Website on this idea generate more revenue than it can cost to get the patent? If not, it might be less expensive for you to just walk from the whole thing. But for people who believe having the patent is an investment and will be worth the cost in the end, there are certain things that you can do to lower your costs.
Until you are patent savvy, you are going to still want a professional to get ready the patent application. A likely approach to minimize costs is to use a patent agent rather than a patent attorney. Patent agents are non-attorneys who are capable of prepare patent applications and typically have lower rates. No matter whether you decide on an attorney or perhaps an agent to prepare your application, their costs is going to be worth the cost.
You should understand that not all patents are produced equally. The value of How To Get A Patent On An Idea is dependent upon the way in which it really is written, especially in the “claims” part of the patent. Much too often, individuals file patents without the assistance of a patent attorney or agent and end up with a patent with unnecessary limitations. Competitors have no trouble ixcxxf around such weak patents, as well as the individual may lose millions of dollars worth of revenue.
Just because you hire an attorney doesn’t imply that you don’t have control of the expenses. Prepared inventors who communicate quickly and effectively using their attorneys may have the greatest savings. Tend not to approach legal counsel until you have done anything else that can be done. Before making any major investment you have to do your homework. Websites like uspto.gov, inventorbasics.com, as well as others might be a good place to begin. Prepare figures, write a comprehensive description from the invention, and perform a patent search (uspto.gov). Should you take up a visit having an attorney, and he/she begins asking you questions you don’t have answers for, rescheduling another visit might be necessary.