Are you afraid of what it will cost you to obtain a patent? Should you be Invention Website, you may be. Large corporations may be able to spend thousands of dollars without flinching, however, when the amount of money comes from a single income it’s a different story.
Just how much would it cost a person or your small business to get a patent? Let’s begin with the fees from the US Patent Office. To submit a basic patent application the fee is $500. When the patent is granted, there exists a $700 issue fee in addition to a $300 publication fee. There could also be surcharges if the patent application is over 100 pages or has greater than 20 claims. There is certainly typically some communication in between the patent office and the inventor (or even the inventor’s attorney) through the review procedure for the applying, and when the inventor’s responses are late, there may be even more surcharges.
Since we’ve established that this Patent Office’s fees alone can be quite expensive, let’s speak about attorney fees. It might not really 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 obtain a patent application to 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 far more affordable.
At this point you could wonder when it is all worthwhile. Ask yourself this question: Will owning Inventhelp Store on this idea generate more revenue than it will cost to have the patent? Or even, it might be less expensive for you to just walk from the whole thing. But for those who believe having the patent is an investment and will also be worthwhile in the long run, there are some things that can be done to minimize your costs.
Unless you are patent savvy, you will still want a professional to get ready the patent application. A likely method 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 normally have lower rates. No matter whether you choose a lawyer or an agent to make your application, their costs will be worth it.
You should keep in mind that not every patents are made equally. The worth of Invention Companies depends on the way in which it is actually written, especially in the “claims” part of the patent. Very often, individuals file patents without the assistance of a patent attorney or agent and get a patent with unnecessary limitations. Competitors have zero trouble ixcxxf around such weak patents, as well as the individual may lose huge amounts of money amount of revenue.
Because you hire an attorney doesn’t suggest that you don’t have control over the costs. Well prepared inventors who communicate effectively using their attorneys could have the largest savings. Tend not to approach an attorney till you have done everything you can do. Before making any major investment you must do the research. Websites like uspto.gov, inventorbasics.com, as well as others may well be a good starting point. Prepare figures, write a detailed description from the invention, and do a patent search (uspto.gov). Should you take up a visit with the attorney, and then he/she begins asking you questions you don’t have answers for, rescheduling another visit may be necessary.