Are you afraid of what it will cost you to have a patent? If you are Inventor Information, you might be. Large corporations may be able to spend lots of money without flinching, but when the money comes from one income it’s an alternative story.
Just how much would it cost an individual or your small business to get a patent? Let’s start with the fees from the US Patent Office. To file a fundamental patent application the charge is $500. Once the patent is granted, there exists a $700 issue fee along with a $300 publication fee. There may also be surcharges in the event the patent application has ended 100 pages or has greater than 20 claims. There exists typically some communication between the patent office and the inventor (or the inventor’s attorney) throughout the review process of the application form, and when the inventor’s responses are late, there might be much more surcharges.
Given that we’ve established the Patent Office’s fees alone could be very expensive, let’s discuss attorney fees. It would not 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 several attorneys who charge lower fees – $2,000 to $4,000 total – for work making the process far more affordable.
At this time you may wonder should it be all worth it. Think about this query: Will owning Inventhelp Phone Number about this idea generate more revenue than it is going to cost to have the patent? If not, it may be less expensive that you should just walk from the whole thing. But for those of you who believe having the patent is surely an investment and are worthwhile in the long run, there are certain things you can do to minimize your costs.
Until you are patent savvy, you are going to still need a professional to get ready the patent application. A possible approach to minimize costs is by using a patent agent as opposed to a patent attorney. Patent agents are non-attorneys who are capable of prepare patent applications and routinely have lower rates. No matter whether you choose a lawyer or perhaps an agent to prepare your application, their costs is going to be worth it.
You should keep in mind that not every patents are created equally. The worth of Invent Help Patent Invention is determined by the method by which it really is written, especially in the “claims” part of the patent. Much too often, individuals file patents without the help of a patent attorney or agent and get a patent with unnecessary limitations. Competitors have no trouble ixcxxf around such weak patents, and the individual may lose vast amounts of money worth of revenue.
Because you hire a lawyer doesn’t mean that you don’t have power over the costs. Ready inventors who communicate effectively using their attorneys may have the largest savings. Usually do not approach legal counsel until you have done anything else that you can do. Before you make any major investment you have to do the research. Websites like uspto.gov, inventorbasics.com, yet others might be a good starting point. Prepare figures, write an in depth description of the invention, and do a patent search (uspto.gov). If you take up a visit with the attorney, and that he/she begins asking questions you don’t have answers for, rescheduling another visit could be necessary.