Are you scared of what it will cost you to have a patent? If you are New Invention Ideas, you might be. Large corporations may be able to shell out lots of money 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 company 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. Once the patent is granted, there exists a $700 issue fee along with a $300 publication fee. There may also be surcharges in the event the patent application has ended 100 pages or has greater than 20 claims. There is certainly typically some communication involving the patent office and also the inventor (or perhaps the inventor’s attorney) through the review procedure for the application form, and in case the inventor’s responses are late, there could be even more surcharges.
Now that we’ve established that this Patent Office’s fees alone can be quite expensive, let’s speak about attorney fees. It might not really unreasonable to have 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 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 this process much more affordable.
At this particular point you may wonder if it is all worthwhile. Consider this query: Will owning a patent with this idea generate more revenue compared to what it is going to cost to get the patent? Otherwise, it may be a little more economical that you should just walk away from the whole thing. But for those who believe getting the Inventhelp Store is definitely an investment and will also be worthwhile in the long run, there are some things you can do in order to minimize your costs.
Until you are patent savvy, you are going to still want a professional to prepare the patent application. A potential approach to minimize costs is by using a patent agent as opposed to a patent attorney. Patent agents are non-attorneys who are capable to prepare patent applications and normally have lower rates. Whether or not you decide on a lawyer or even an agent to make your application, their costs is going to be worth the cost.
It is essential to remember that its not all patents are made equally. The value of a patent depends on the manner in which it is actually written, especially in the “claims” section of the Prototype Services Inventhelp. All too 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 vast amounts of money worth of revenue.
Just because you hire an attorney doesn’t mean which you don’t have control over the expenses. Well prepared inventors who communicate quickly and effectively making use of their attorneys will have the largest savings. Do not approach an attorney until you have done everything else you can do. Before creating any major investment you have to do your research. Websites like uspto.gov, inventorbasics.com, and others might become a good place to start. Prepare figures, write a detailed description of the invention, and conduct a patent search (uspto.gov). In the event you take up a visit with an attorney, and he/she begins asking you questions you don’t have answers for, rescheduling another visit may be necessary.