Are you afraid of what it will cost you to acquire a patent? If you are How To Get Something Patented With Inventhelp, you might be. Large corporations may be able to shell out lots of money without flinching, however when the money comes from a single income it’s a different story.
Just how much would it cost an individual or a 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 is a $700 issue fee along with a $300 publication fee. There may additionally be surcharges in the event the patent application is finished 100 pages or has greater than 20 claims. There is certainly typically some communication between the patent office as well as the inventor (or even the inventor’s attorney) throughout the review procedure for the application, 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 rather expensive, let’s talk about attorney fees. It would not be unreasonable to possess a patent attorney charge from $150 to $400 an hour or so for his or her services. Some companies may pay $12,000 to $14,000 in attorney fees to acquire a patent application towards the patent office. However, there are some attorneys who charge lower fees – $2,000 to $4,000 total – for their work making this process much more affordable.
At this point you may wonder if it is all worth it. Ask yourself this query: Will owning a patent with this idea generate more revenue compared to what it will cost to obtain the patent? If not, it may be a little more economical that you should just walk from the whole thing. But for people who believe getting the Product Licensing Inventhelp is an investment and will also be worth the cost in the long run, there are certain things you can do to minimize your costs.
Except if you are patent savvy, you are going to still need a professional to get ready the patent application. A likely method to minimize costs is to use a patent agent instead of a patent attorney. Patent agents are non-attorneys who definitely are capable of prepare patent applications and routinely have lower rates. Regardless of whether you select a lawyer or an agent to make your application, their costs is going to be worth the cost.
It is essential to keep in mind that its not all patents are produced equally. The worth of any patent depends on the manner in which it really is written, especially in the “claims” section of the New Invention Idea. Very often, individuals ogapcl patents without the help of a patent attorney or agent and end up with a patent with unnecessary limitations. Competitors have no trouble getting around such weak patents, and also the individual may lose huge amounts of money amount of revenue.
Just simply because you hire an attorney doesn’t mean which you don’t have control over the costs. Well prepared inventors who communicate quickly making use of their attorneys may have the largest savings. Do not approach legal counsel till you have done everything else you can do. Before making any major investment you have to do your homework. Websites like uspto.gov, inventorbasics.com, yet others might be a good starting point. Prepare figures, write a comprehensive description from the invention, and do a patent search (uspto.gov). Should you start a visit with the attorney, and then he/she begins asking questions you don’t have answers for, rescheduling another visit may be necessary.