Are you afraid of what it will cost you to obtain a patent? If you are Inventhelp Invention Service, you might be. Large corporations may be able to spend lots of money without flinching, however, when the amount of money comes from a single income it’s an alternative story.
So, just how much would it cost someone or a small company to get a patent? Let’s begin with the fees from your US Patent Office. To file a fundamental patent application the fee is $500. When the patent is granted, there is a $700 issue fee along with a $300 publication fee. There could also be surcharges if the patent application is over 100 pages or has a lot more than 20 claims. There exists typically some communication in between the patent office and the inventor (or perhaps the inventor’s attorney) throughout the review procedure for the application form, and when the inventor’s responses are late, there might be a lot more surcharges.
Now that we’ve established that the Patent Office’s fees alone can be very expensive, let’s discuss attorney fees. It might not be unreasonable to have a patent attorney charge from $150 to $400 one hour for his or her services. Some companies may pay $12,000 to $14,000 in attorney fees to acquire a patent application for the patent office. However, there are several attorneys who charge lower fees – $2,000 to $4,000 total – for work making the process far more affordable.
At this stage you might wonder when it is all worth the cost. Think about this question: Will owning How Do I Patent An Idea about this idea generate more revenue compared to what it will cost to get the patent? Or even, it might be less expensive so that you can just walk away from the whole thing. But for those of you who believe having the patent is definitely an investment and are worth it over time, there is something that you can do to lower your costs.
Until you are patent savvy, you are going to still desire a professional to prepare the patent application. A possible approach 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 typically have lower rates. Whether or not you choose a lawyer or an agent to make the application, their costs will be worth it.
It is essential to understand that not all patents are made equally. The value of Inventhelp Store is dependent upon the way in which it is actually written, specifically in the “claims” area of the patent. Very often, individuals file patents without the help of a patent attorney or agent and get a patent with unnecessary limitations. Competitors have zero trouble ixcxxf around such weak patents, and the individual may lose huge amounts of money worth of revenue.
Just because you hire an attorney doesn’t imply that you don’t have control of the expenses. Prepared inventors who communicate effectively making use of their attorneys will have the largest savings. Usually do not approach an attorney until you have done anything else that you can do. Before you make any major investment you must do your homework. Websites like uspto.gov, inventorbasics.com, as well as others can be quite a good place to begin. Prepare figures, write an in depth description in the invention, and do a patent search (uspto.gov). If you begin a visit having an attorney, and he/she begins asking questions you don’t have answers for, rescheduling another visit may be necessary.