Are you scared of what it will cost you to have a patent? In case you are Inventhelp Products, you might be. Large corporations may be able to shell out lots of money without flinching, however when the money comes from just one income it’s another story.
So, just how much would it cost a person or your small business to acquire a patent? Let’s begin with the fees through the US Patent Office. To file a basic patent application the charge is $500. Once the patent is granted, there exists a $700 issue fee in addition to a $300 publication fee. There may also be surcharges when the patent application is finished 100 pages or has more than 20 claims. There is certainly typically some communication in between the patent office as well as the inventor (or the inventor’s attorney) during the review procedure of the application form, and when the inventor’s responses are late, there could be even more surcharges.
Given that we’ve established that this Patent Office’s fees alone can be quite expensive, let’s discuss attorney fees. It could not really unreasonable to possess a patent attorney charge from $150 to $400 an hour for his or her services. Some companies may pay $12,000 to $14,000 in attorney fees to obtain a patent application to the patent office. However, there are several attorneys who charge lower fees – $2,000 to $4,000 total – for his or her work making this process much more affordable.
At this point you might wonder when it is all worthwhile. Ask yourself this inquiry: Will owning Inventhelp Invention Stories about this idea generate more revenue than what it will cost to get the patent? Otherwise, it may be less expensive that you should just walk away from the whole thing. But for those who believe having the patent is an investment and will also be worth it over time, there are some things you can do to lower your costs.
Until you are patent savvy, you are going to still want a professional to prepare the patent application. A likely approach to minimize costs is by using a patent agent rather than a patent attorney. Patent agents are non-attorneys that are capable to prepare patent applications and routinely have lower rates. Whether or not you select an attorney or an agent to get ready the application, their costs is going to be worth the cost.
It is important to keep in mind that not all patents are produced equally. The worth of Make A New Invention is determined by the way in which it is actually written, specifically in the “claims” part of the patent. Much too often, individuals file patents without the help 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 huge amounts of money worth of revenue.
Because you hire legal counsel doesn’t imply that you don’t have control over the expense. Well prepared inventors who communicate quickly and effectively with their attorneys will have the biggest savings. Tend not to approach an attorney till you have done everything you can do. Before making any major investment you have to do your research. Websites like uspto.gov, inventorbasics.com, as well as others might be a good place to start. Prepare figures, write a detailed description of the invention, and conduct a patent search (uspto.gov). If you take up a visit with an attorney, and that he/she begins asking questions you don’t have answers for, rescheduling another visit might be necessary.