Are you afraid of what it will cost you to have a patent? If you are a completely independent inventor, you might be. Large corporations may be able to spend 1000s of dollars without flinching, but when the money comes from just one income it’s a different story.
So how much would it cost a person or a small business to acquire a patent? Let’s start with the fees through the US Patent Office. To file a fundamental patent application the charge is $500. Once the Inventhelp Success 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 more than 20 claims. There is certainly typically some communication in between the patent office and also the inventor (or the inventor’s attorney) throughout the review process of the applying, and if the inventor’s responses are late, there might be a lot more surcharges.
Now that we’ve established the Patent Office’s fees alone could be very expensive, let’s discuss attorney fees. It would not really 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 acquire 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 this process a lot more affordable.
At this time you may wonder if it is all worth the cost. Think about this inquiry: Will having a patent about this idea generate more revenue than what it is going to cost to have the patent? Otherwise, it may be more economical that you should just walk away from the whole thing. But for those who believe getting the patent is surely an investment and are worth it in the end, there are certain things that you can do to reduce your costs.
Until you are patent savvy, you may still desire a professional to prepare the Mom Inventors. A potential way to minimize costs is to apply a patent agent instead of a patent attorney. Patent agents are non-attorneys that are capable to prepare patent applications and normally have lower rates. Whether or not you select legal counsel or an agent to prepare the application, their costs is going to be worth it.
You should remember that not every patents are made equally. The worth of the patent is determined by the manner in which it really is written, specifically in the “claims” area of the patent. All too often, individuals file patents without the help of a patent attorney or agent and end up having Inventhelp Invention Stories with unnecessary limitations. Competitors have umstjl trouble getting around such weak patents, and also the individual may lose vast amounts of money worth of revenue.
Just because you hire a lawyer doesn’t suggest that you don’t have control of the costs. Well prepared inventors who communicate effectively using their attorneys will have the greatest savings. Tend not to approach an attorney until you have done everything that can be done. Prior to making any major investment you must do the research. Websites like uspto.gov, inventorbasics.com, yet others might be a good place to begin. Prepare figures, write a detailed description from the invention, and perform a patent search (uspto.gov). If you start a visit with an attorney, and he/she begins asking you questions you don’t have answers for, rescheduling another visit could be necessary.