Are you afraid of what it will cost you to acquire a patent? If you are Idea Help, you may be. Large corporations may be able to shell out lots of money without flinching, however when the money comes from one income it’s a different story.
So how much would it cost someone or your small business to obtain a patent? Let’s get started with the fees from your US Patent Office. To file a simple patent application the fee is $500. When the patent is granted, there exists a $700 issue fee along with a $300 publication fee. There could also be surcharges if the patent application is finished 100 pages or has more than 20 claims. There exists typically some communication in between the patent office as well as the inventor (or even the inventor’s attorney) during the review procedure for the application form, and if the inventor’s responses are late, there could be even more surcharges.
Given that we’ve established the Patent Office’s fees alone can be quite expensive, let’s speak about attorney fees. It might not be unreasonable to get 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 to the patent office. However, there are several attorneys who charge lower fees – $2,000 to $4,000 total – for work making the procedure far more affordable.
At this point you might wonder if it is all worth it. Think about this question: Will owning Inventhelp Corporate Headquarters with this idea generate more revenue than what it is going to cost to obtain the patent? Otherwise, it may be more economical so that you can just walk from the whole thing. But for those of you who believe getting the patent is surely an investment and will be worth the cost over time, there are certain things that you can do to minimize your costs.
Until you are patent savvy, you may still need a professional to get ready the patent application. A potential approach to minimize costs is by using a patent agent as opposed to a patent attorney. Patent agents are non-attorneys that are capable to prepare patent applications and routinely have lower rates. Whether or not you choose legal counsel or an agent to get ready the application, their costs is going to be worth it.
You should understand that not every patents are created equally. The worth of Brainstorming Invention Ideas is determined by the manner in which it is written, specifically 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 also the individual may lose millions of dollars amount of revenue.
Simply because you hire legal counsel doesn’t mean that you don’t have control over the expenses. Well prepared inventors who communicate quickly and effectively using their attorneys could have the biggest savings. Do not approach a lawyer till you have done anything else that you can do. Before you make any major investment you have to do your homework. Websites like uspto.gov, inventorbasics.com, yet others might be a good place to start. Prepare figures, write a comprehensive description in the invention, and conduct a patent search (uspto.gov). In the event you take up a visit with an attorney, and then he/she begins asking questions you don’t have answers for, rescheduling another visit might be necessary.