Are you afraid of what it will cost you to obtain a patent? If you are How To Patent An Idea With Inventhelp, 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.
So, just how much would it cost someone or a small company to get a patent? Let’s get started with the fees through the US Patent Office. To file a simple patent application the fee is $500. If the patent is granted, there is a $700 issue fee in addition to a $300 publication fee. There may also be surcharges if the patent application is over 100 pages or has a lot more than 20 claims. There exists typically some communication in between the patent office and the inventor (or perhaps the inventor’s attorney) during the review procedure for the application, and when the inventor’s responses are late, there could be even more surcharges.
Now that we’ve established the Patent Office’s fees alone can be rather expensive, let’s discuss attorney fees. It could not really unreasonable to possess a patent attorney charge from $150 to $400 an hour for services. Some companies may pay $12,000 to $14,000 in attorney fees to get a patent application to the patent office. However, there are several attorneys who charge lower fees – $2,000 to $4,000 total – for their work making the procedure far more affordable.
Around this point you may wonder should it be all worthwhile. Ask yourself this question: Will possessing a patent about this idea generate more revenue than it is going to cost to have the patent? Otherwise, it may be a little more economical for you to just walk from the whole thing. But for those who believe getting the Invention Ideas is surely an investment and are worth the cost in the long run, there are some things you can do today to minimize your costs.
Except if you are patent savvy, you will still need a professional to get ready the patent application. A potential approach to minimize costs is to apply a patent agent rather than a patent attorney. Patent agents are non-attorneys who definitely are capable to prepare patent applications and routinely have lower rates. No matter whether you choose an attorney or an agent to get ready the application, their costs will likely be worthwhile.
It is important to understand that not every patents are made equally. The worth of any patent is dependent upon the method by which it is actually written, particularly in the “claims” area of the Invent Help. 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 zero trouble getting around such weak patents, as well as the individual may lose vast amounts of money amount of revenue.
Just since you hire legal counsel doesn’t mean that you simply don’t have control of the expense. Well prepared inventors who communicate quickly and effectively using their attorneys could have the biggest savings. Do not approach a lawyer until you have done anything else you can do. Before creating any major investment you need to do your research. Websites like uspto.gov, inventorbasics.com, and others might be a good place to begin. Prepare figures, write an in depth description of the invention, and conduct a patent search (uspto.gov). If you begin a visit with an attorney, and then he/she begins asking questions you don’t have answers for, rescheduling another visit may be necessary.