Are you fearful of what it will cost you to have a patent? In case you are an independent inventor, you may be. Large corporations may be able to spend 1000s of dollars without flinching, but when the money comes from a single income it’s a different story.
So how much would it cost an individual or a small business to obtain a patent? Let’s start with the fees through the US Patent Office. To file a basic patent application the fee is $500. If the How To Get An Idea Patented is granted, there is a $700 issue fee plus a $300 publication fee. There could also be surcharges when the patent application has ended 100 pages or has a lot more than 20 claims. There is certainly typically some communication between the patent office and the inventor (or the inventor’s attorney) during the review process of the application, and in case the inventor’s responses are late, there might be much more surcharges.
Since we’ve established that the Patent Office’s fees alone can be very expensive, let’s discuss attorney fees. It might not unreasonable to possess 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 acquire a patent application towards the patent office. However, there are some attorneys who charge lower fees – $2,000 to $4,000 total – for work making this process far more affordable.
At this point you might wonder should it be all worth the cost. Consider this question: Will having a patent on this idea generate more revenue compared to what it is going to cost to get the patent? Otherwise, it could be less expensive that you should just walk from the whole thing. But for people who believe having the patent is surely an investment and will also be worth the cost in the long run, there are some things that you can do to minimize your costs.
Unless you are patent savvy, you may still want a professional to prepare the Invent Help Inventor. A likely way to minimize costs is to use a patent agent rather than a patent attorney. Patent agents are non-attorneys who definitely are capable to prepare patent applications and typically have lower rates. Whether or not you select an attorney or an agent to prepare the application, their costs is going to be worth it.
It is important to keep in mind that not every patents are produced equally. The worth of a patent is determined by the way in which it really is written, particularly in the “claims” part of the patent. Very often, individuals file patents without the help of a patent attorney or agent and end up getting Invent Help Patent Invention with unnecessary limitations. Competitors have umstjl trouble getting around such weak patents, and also the individual may lose huge amounts of money worth of revenue.
Because you hire legal counsel doesn’t mean that you don’t have control of the expense. Well prepared inventors who communicate effectively using their attorneys may have the greatest savings. Usually do not approach an attorney until you have done everything you can do. Prior to making any major investment you must do your research. Websites like uspto.gov, inventorbasics.com, yet others can be quite a good starting point. Prepare figures, write a comprehensive description of the invention, and conduct a patent search (uspto.gov). In the event you take up a visit having an attorney, and then he/she begins asking questions you don’t have answers for, rescheduling another visit could be necessary.