Are you scared of exactly what it can cost you to have a patent? Should you be a completely independent inventor, you might be. Large corporations may be able to shell out lots of money without flinching, but when the money comes from a single income it’s an alternative story.
Just how much would it cost This Website to get a patent? Let’s start with the fees through the US Patent Office. To file a simple patent application the charge is $500. When the patent is granted, there exists a $700 issue fee along with a $300 publication fee. There may additionally be surcharges in the event the patent application is finished 100 pages or has greater than 20 claims. There is typically some communication in between the patent office and the inventor (or even the inventor’s attorney) throughout the review procedure of the application form, 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 quite expensive, let’s discuss attorney fees. It could not really unreasonable to get a patent attorney charge from $150 to $400 an hour or so for his or her services. Some companies may pay $12,000 to $14,000 in attorney fees to get a patent application for the patent office. However, there are a few attorneys who charge lower fees – $2,000 to $4,000 total – for work making the procedure a lot more affordable.
At this point you may wonder should it be all worth the cost. Consider this query: Will possessing a patent with this idea generate more revenue than what it is going to cost to obtain the patent? Otherwise, it may be more economical for you to just walk away from the whole thing. But for those who believe obtaining the patent is surely an investment and are worth the cost within the long run, there are some things you can do in order to minimize your costs.
Except if you are patent savvy, you will still want a professional to prepare the patent application. A possible way to minimize costs is to use a patent agent instead of a patent attorney. Patent agents are non-attorneys that are qualified to prepare patent applications and normally have lower rates. Regardless of whether you choose a lawyer or even an agent to prepare the application, their costs will likely be worth it.
It is important to remember that not every patents are made equally. The value of any patent is dependent upon the way in which it really is written, specifically in the “claims” part of the patent. All too 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 also the individual may lose vast amounts of money worth of revenue.
Just because you hire a lawyer doesn’t mean that you simply don’t have control of the costs. Well prepared See who communicate quickly and effectively using their attorneys may have the biggest savings. Tend not to approach an attorney till you have done everything else you can do. Before making any major investment you have to do the research. Websites like uspto.gov, inventorbasics.com, yet others ittgcu become a good place to start. Prepare figures, write a detailed description in the invention, and perform a patent search (uspto.gov). If you begin a visit with the attorney, and then he/she begins asking questions you don’t have answers for, rescheduling another visit may be necessary.