Are you afraid of what it will cost you to have a patent? If you are How To Prototype An Invention, you might be. Large corporations may be able to shell out thousands of dollars without flinching, but when the money comes from a single income it’s a different story.
Just how much would it cost a person or a small business to get a patent? Let’s begin with the fees from your US Patent Office. To file a simple patent application the fee is $500. If the patent is granted, there is a $700 issue fee plus a $300 publication fee. There may even be surcharges if the patent application is over 100 pages or has greater than 20 claims. There exists typically some communication in between the patent office and the inventor (or the inventor’s attorney) during the review procedure of the applying, and when the inventor’s responses are late, there could be even more surcharges.
Since we’ve established that the Patent Office’s fees alone can be rather expensive, let’s discuss attorney fees. It might not really unreasonable to get a patent attorney charge from $150 to $400 an hour or so for their 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 a few attorneys who charge lower fees – $2,000 to $4,000 total – for their work making the procedure far more affordable.
At this point you may wonder should it be all worthwhile. Consider this query: Will possessing a patent about this idea generate more revenue compared to what it can cost to get the patent? Otherwise, it may become more economical for you to just walk away from the whole thing. But for people who believe obtaining the Inventhelp is definitely an investment and will be worth it in the long run, there are some things you can do today to minimize your costs.
Until you are patent savvy, you will still want a professional to prepare the patent application. A possible way to minimize costs is by using a patent agent instead of a patent attorney. Patent agents are non-attorneys who are capable of prepare patent applications and normally have lower rates. No matter whether you choose a lawyer or an agent to get ready the application, their costs will likely be worthwhile.
It is essential to keep in mind that its not all patents are made equally. The worth of a patent is determined by the manner in which it is written, particularly in the “claims” part of the Inventhelp Products. All too often, individuals ogapcl patents without the help of a patent attorney or agent and get a patent with unnecessary limitations. Competitors do not have trouble getting around such weak patents, and the individual may lose vast amounts of money amount of revenue.
Just simply because you hire legal counsel doesn’t mean that you simply don’t have control over the costs. Well prepared inventors who communicate effectively using their attorneys could have the greatest savings. Do not approach legal counsel until you have done anything else you can do. Before making 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 a detailed description from the invention, and conduct a patent search (uspto.gov). In the event you begin a visit with the attorney, and that he/she begins asking questions you don’t have answers for, rescheduling another visit may be necessary.