Are you afraid of what it will cost you to acquire a patent? If you are What Is A Patent, you might be. Large corporations may be able to shell out lots of money without flinching, however when the money comes from a single income it’s a different story.
So how much would it cost someone or a small company to obtain a patent? Let’s begin with the fees from your US Patent Office. To file a simple patent application the charge is $500. Once the patent is granted, there exists a $700 issue fee in addition to a $300 publication fee. There may additionally be surcharges when the patent application has ended 100 pages or has more than 20 claims. There is typically some communication in between the patent office and also the inventor (or perhaps the inventor’s attorney) during the review procedure for the application, and in case 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 quite expensive, let’s discuss attorney fees. It would not really unreasonable to get 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 get a patent application for the patent office. However, there are some attorneys who charge lower fees – $2,000 to $4,000 total – for his or her work making the process a lot more affordable.
At this point you may wonder should it be all worthwhile. Consider this question: Will owning a patent on this idea generate more revenue compared to what it is going to cost to have the patent? Otherwise, it may be a little more economical so that you can just walk from the whole thing. But for people who believe having the How To Get A Us Patent On An Idea is surely an investment and will be worth the cost within the long run, there are certain things you can do in order to minimize your costs.
Except if you are patent savvy, you may still desire 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 that are capable of prepare patent applications and typically have lower rates. Whether or not you select a lawyer or even an agent to get ready the application, their costs will likely be worthwhile.
It is important to understand that not all patents are produced equally. The worth of any patent depends on the method by which it really is written, especially in the “claims” area of the Inventhelp Wiki. All too often, individuals ogapcl patents without the assistance of a patent attorney or agent and get a patent with unnecessary limitations. Competitors have no trouble getting around such weak patents, and the individual may lose millions of dollars amount of revenue.
Just simply because you hire legal counsel doesn’t mean which you don’t have control of the costs. Well prepared inventors who communicate quickly and effectively with their attorneys may have the biggest savings. Tend not to approach a lawyer till you have done anything else you can do. Before creating any major investment you must do the research. Websites like uspto.gov, inventorbasics.com, yet others might be a good starting point. Prepare figures, write an in depth description in the invention, and conduct a patent search (uspto.gov). Should you begin a visit with an attorney, and he/she begins asking questions you don’t have answers for, rescheduling another visit may be necessary.