Are you afraid of what it can cost you to obtain a patent? In case you are an unbiased inventor, you might be. Large corporations may be able to shell out thousands 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 a person or a small company to obtain a patent? Let’s start with the fees through the US Patent Office. To file a fundamental patent application the fee is $500. When the Inventhelp Pittsburgh Headquarters is granted, you will find a $700 issue fee plus a $300 publication fee. There could also be surcharges when the patent application has ended 100 pages or has greater than 20 claims. There exists typically some communication between the patent office and also the inventor (or the inventor’s attorney) throughout the review procedure of the application form, and when the inventor’s responses are late, there might be a lot more surcharges.
Since we’ve established the Patent Office’s fees alone could be very expensive, let’s discuss attorney fees. It might not be unreasonable to possess a patent attorney charge from $150 to $400 an hour for services. Some companies may pay $12,000 to $14,000 in attorney fees to get a patent application to the patent office. However, there are some attorneys who charge lower fees – $2,000 to $4,000 total – for work making the procedure a lot more affordable.
At this stage you could wonder when it is all worth it. Think about this question: Will possessing a patent about this idea generate more revenue than it will cost to have the patent? Or even, it could be less expensive for you to just walk out of the whole thing. But for those of you who believe having the patent is definitely an investment and will also be worthwhile over time, there are certain things that you can do to reduce your costs.
Except if you are patent savvy, you are going to still desire a professional to make the Can I Patent An Idea. A likely way to minimize costs is to use a patent agent instead of a patent attorney. Patent agents are non-attorneys who definitely are capable of prepare patent applications and normally have lower rates. Whether or not you select legal counsel or even an agent to make the application, their costs is going to be worthwhile.
It is essential to understand that not all patents are made equally. The value of the patent is determined by the method by which it is written, particularly in the “claims” part of the patent. Very often, individuals file patents without the assistance of a patent attorney or agent and end up with Inventhelp Commercials with unnecessary limitations. Competitors have umstjl trouble getting around such weak patents, as well as the individual may lose vast amounts of money amount of revenue.
Simply because you hire an attorney doesn’t suggest that you don’t have control over the expenses. Well prepared inventors who communicate quickly and effectively with their attorneys will have the largest savings. Usually do not approach an attorney till you have done everything that you can do. Before making any major investment you have to do your homework. Websites like uspto.gov, inventorbasics.com, yet others may well be a good place to begin. Prepare figures, write a comprehensive description from the invention, and perform a patent search (uspto.gov). If you begin a visit with the attorney, and he/she begins asking questions you don’t have answers for, rescheduling another visit could be necessary.