Are you scared of exactly what it will cost you to obtain a patent? If you are a completely independent 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.
Just how much would it cost Additional Info to get a patent? Let’s get started with the fees from the US Patent Office. To file a simple patent application the charge is $500. If the patent is granted, there exists a $700 issue fee in addition to a $300 publication fee. There may also be surcharges in the event the patent application is finished 100 pages or has more than 20 claims. There is certainly typically some communication involving the patent office and the inventor (or perhaps the inventor’s attorney) during the review procedure of the applying, and if the inventor’s responses are late, there might be even more surcharges.
Since we’ve established that the Patent Office’s fees alone can be rather expensive, let’s discuss attorney fees. It might not really unreasonable to get 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 obtain a patent application for the patent office. However, there are several attorneys who charge lower fees – $2,000 to $4,000 total – for his or her work making the process much more affordable.
At this point you may wonder should it be all worth the cost. Think about this inquiry: Will possessing a patent about this idea generate more revenue compared to what it will cost to get the patent? If not, it may become more economical so that you can just walk from the whole thing. But for people who believe having the patent is surely an investment and will be worthwhile within the long run, there are some things you can do to minimize your costs.
Except if you are patent savvy, you are going to still want a professional to make the patent application. A possible approach to minimize costs is to apply a patent agent rather than a patent attorney. Patent agents are non-attorneys who are qualified to prepare patent applications and routinely have lower rates. Regardless of whether you select a lawyer or even an agent to prepare the application, their costs will be worth the cost.
You should keep in mind that not all patents are made equally. The worth of a patent is dependent upon the way in which it really is written, specifically in the “claims” area of the patent. Much too often, individuals file patents without the help of a patent attorney or agent and get a patent with unnecessary limitations. Competitors have no trouble getting around such weak patents, and the individual may lose vast amounts of money worth of revenue.
Just because you hire an attorney doesn’t mean that you don’t have control over the costs. Well prepared Check This Out who communicate quickly and effectively making use of their attorneys may have the biggest savings. Tend not to approach an attorney until you have done anything else you can do. Before making any major investment you have to do the research. Websites like uspto.gov, inventorbasics.com, as well as others ittgcu 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 that he/she begins asking questions you don’t have answers for, rescheduling another visit may be necessary.