Are you fearful of what it will cost you to acquire a patent? In case you are Inventhelp Caveman Commercial, you could be. Large corporations may be able to spend thousands of dollars without flinching, however when the amount of money comes from one income it’s a different story.
So how much would it cost a person or a small business to acquire a patent? Let’s start with the fees through the US Patent Office. To file a fundamental patent application the fee is $500. Once the patent is granted, there exists a $700 issue fee along with a $300 publication fee. There could also be surcharges in the event the patent application has ended 100 pages or has greater than 20 claims. There exists typically some communication in between the patent office and also the inventor (or even the inventor’s attorney) during the review procedure of the application, and in case the inventor’s responses are late, there might be a lot more surcharges.
Given that we’ve established that the Patent Office’s fees alone can be very expensive, let’s speak about attorney fees. It would not really unreasonable to have a patent attorney charge from $150 to $400 one hour for his or her 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 a few attorneys who charge lower fees – $2,000 to $4,000 total – for their work making the procedure much more affordable.
At this time you could wonder should it be all worthwhile. Ask yourself this query: Will owning Inventhelp News on this idea generate more revenue than what it can cost to get the patent? Otherwise, it may be cheaper so that you can just walk from the whole thing. But for those who believe obtaining the patent is surely an investment and will be worth it in the end, there is something you can do to reduce your costs.
Until you are patent savvy, you are going to still desire a professional to prepare the patent application. A likely method to minimize costs is to use a patent agent as opposed to a patent attorney. Patent agents are non-attorneys who are qualified to prepare patent applications and routinely have lower rates. No matter whether you decide on legal counsel or even an agent to make your application, their costs will be worthwhile.
It is important to keep in mind that not all patents are made equally. The value of How To Patent A Product depends on the method by which it is written, specifically in the “claims” part of the patent. All too often, individuals file patents without the assistance of a patent attorney or agent and get a patent with unnecessary limitations. Competitors have zero trouble ixcxxf around such weak patents, and the individual may lose vast amounts of money amount of revenue.
Because you hire an attorney doesn’t suggest that you don’t have control over the expenses. Prepared inventors who communicate effectively with their attorneys may have the greatest savings. Usually do not approach legal counsel till you have done everything else you can do. Before making any major investment you need to do your homework. Websites like uspto.gov, inventorbasics.com, and others might be a good starting point. Prepare figures, write a detailed description in the invention, and conduct a patent search (uspto.gov). In the event you begin a visit with the attorney, and he/she begins asking you questions you don’t have answers for, rescheduling another visit could be necessary.