Are you afraid of what it will cost you to acquire a patent? In case you are How Do I Patent An Idea, you may be. Large corporations may be able to shell out 1000s of dollars without flinching, but when the amount of money comes from a single income it’s a different story.
So, just how much would it cost an individual or a small business to obtain a patent? Let’s get started with the fees from your US Patent Office. To submit a fundamental patent application the charge is $500. If the patent is granted, there is a $700 issue fee plus a $300 publication fee. There may also be surcharges in the event the patent application is over 100 pages or has greater than 20 claims. There is typically some communication between the patent office and also the inventor (or even the inventor’s attorney) throughout the review procedure of the application form, and in case the inventor’s responses are late, there might be even more surcharges.
Given that we’ve established that this Patent Office’s fees alone can be quite expensive, let’s speak about attorney fees. It might not unreasonable to have a patent attorney charge from $150 to $400 an hour or so for services. Some companies may pay $12,000 to $14,000 in attorney fees to get a patent application towards the patent office. However, there are several attorneys who charge lower fees – $2,000 to $4,000 total – for work making the process a lot more affordable.
At this point you could wonder when it is all worth it. Consider this inquiry: Will owning Patent Helper on this idea generate more revenue than what it will cost to have the patent? Otherwise, it could be cheaper so that you can just walk from the whole thing. But for those of you who believe getting the patent is an investment and will be worth it in the end, there is something that you can do to lower your costs.
Except if you are patent savvy, you are going to still want a professional to prepare the patent application. A potential method to minimize costs is to apply a patent agent instead of a patent attorney. Patent agents are non-attorneys who are capable of prepare patent applications and routinely have lower rates. Regardless of whether you decide on legal counsel or an agent to get ready the application, their costs will likely be worth the cost.
It is essential to keep in mind that not every patents are produced equally. The value of Inventhelp Headquarters is dependent upon the method by which it is written, especially in the “claims” section of the patent. Very 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, and the individual may lose vast amounts of money amount of revenue.
Because you hire a lawyer doesn’t imply that you don’t have control over the costs. Well prepared inventors who communicate quickly and effectively making use of their attorneys will have the greatest savings. Tend not to approach an attorney until you have done everything that can be done. Prior to making any major investment you need to do the research. Websites like uspto.gov, inventorbasics.com, and others may well be a good place to start. Prepare figures, write a detailed description in the invention, and do 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.