Are you afraid of what it will cost you to acquire a patent? If you are Patent Attorney, you might be. Large corporations may be able to shell out thousands of dollars without flinching, however when the money comes from a single income it’s a different story.
So, just how much would it cost an individual or a small company to obtain a patent? Let’s get started with the fees from the US Patent Office. To file a fundamental patent application the fee is $500. If the patent is granted, there exists a $700 issue fee along with a $300 publication fee. There may additionally be surcharges when the patent application has ended 100 pages or has more than 20 claims. There exists typically some communication between the patent office and also the inventor (or the inventor’s attorney) throughout the review process of the application form, and if the inventor’s responses are late, there could be even more surcharges.
Since we’ve established that this Patent Office’s fees alone can be rather expensive, let’s speak about attorney fees. It would not really unreasonable to get a patent attorney charge from $150 to $400 an hour or so for their services. Some companies may pay $12,000 to $14,000 in attorney fees to acquire a patent application towards the patent office. However, there are a few attorneys who charge lower fees – $2,000 to $4,000 total – for work making the process much more affordable.
At this particular point you may wonder when it is all worthwhile. Think about this question: Will possessing a patent about this idea generate more revenue than it is going to cost to obtain the patent? Or even, it may become more economical so that you can just walk from the whole thing. But for people who believe obtaining the How To Apply For A Patent With Inventhelp is an investment and will also be worth it inside the long run, there is something you can do today to minimize your costs.
Until you are patent savvy, you may still desire a professional to prepare the patent application. A possible method to minimize costs is to use a patent agent rather than a patent attorney. Patent agents are non-attorneys who definitely are capable of prepare patent applications and routinely have lower rates. Regardless of whether you choose legal counsel or an agent to make your application, their costs will likely be worth the cost.
It is important to keep in mind that not all patents are produced equally. The worth of any patent depends on the way in which it is actually written, particularly in the “claims” area of the Inventhelp Caveman. Very often, individuals ogapcl patents without the assistance 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 millions of dollars amount of revenue.
Just because you hire a lawyer doesn’t mean that you simply don’t have power over the costs. Well prepared inventors who communicate quickly making use of their attorneys could have the largest savings. Usually do not approach an attorney till you have done everything else you can do. Before making any major investment you must do the research. Websites like uspto.gov, inventorbasics.com, and others might be a good starting point. Prepare figures, write a comprehensive description of the invention, and do a patent search (uspto.gov). In the event you begin a visit with the attorney, and that he/she begins asking you questions you don’t have answers for, rescheduling another visit may be necessary.