Are you afraid of what it can cost you to have a patent? Should you be a completely independent inventor, you may be. Large corporations may be able to spend thousands of dollars without flinching, but when the money comes from a single income it’s a different story.
So, just how much would it cost a person or a small business to get a patent? Let’s start with the fees through the US Patent Office. To file a simple patent application the charge is $500. When the Invention Ideas is granted, you will find a $700 issue fee in addition to a $300 publication fee. There could also be surcharges when the patent application is finished 100 pages or has more than 20 claims. There exists typically some communication involving the patent office and the inventor (or even the inventor’s attorney) throughout the review process of the application, and if the inventor’s responses are late, there could be much more surcharges.
Given that we’ve established that the Patent Office’s fees alone could be very expensive, let’s speak about attorney fees. It could not unreasonable to get a patent attorney charge from $150 to $400 one hour for services. Some companies may pay $12,000 to $14,000 in attorney fees to obtain a patent application towards the patent office. However, there are some attorneys who charge lower fees – $2,000 to $4,000 total – for work making the procedure much more affordable.
At this stage you might wonder when it is all worth it. Ask yourself this query: Will having a patent with this idea generate more revenue than it will cost to obtain the patent? If not, it might be less expensive so that you can just walk out of the whole thing. But for those of you who believe obtaining the patent is surely an investment and are worth the cost in the long run, there are certain things you can do to lower your costs.
Unless you are patent savvy, you may still desire a professional to get ready the Inventhelp Commercial. 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 routinely have lower rates. No matter whether you select a lawyer or an agent to make the application, their costs is going to be worth the cost.
It is important to understand that its not all patents are created equally. The worth of any patent is determined by the method by which it is actually written, specifically in the “claims” area of the patent. Much too often, individuals file patents without the help of a patent attorney or agent and end up with Inventhelp Intromark with unnecessary limitations. Competitors have umstjl trouble getting around such weak patents, and also the individual may lose huge amounts of money worth of revenue.
Because you hire an attorney doesn’t mean that you don’t have control of the costs. Well prepared inventors who communicate quickly making use of their attorneys could have the biggest savings. Usually do not approach a lawyer till you have done everything else that you can do. Before making any major investment you need to do your homework. Websites like uspto.gov, inventorbasics.com, as well as others might be a good place to start. Prepare figures, write an in depth description of the invention, and conduct a patent search (uspto.gov). In the event you take up a visit having an attorney, and that he/she begins asking questions you don’t have answers for, rescheduling another visit may be necessary.