Are you scared of what it will cost you to have a patent? If you are How Do You Get A Patent With Inventhelp, you might be. Large corporations may be able to shell out 1000s of dollars without flinching, but when the money comes from a single income it’s a different story.
So how much would it cost someone or a small business to obtain a patent? Let’s get started with the fees from the US Patent Office. To file a fundamental patent application the charge is $500. Once the patent is granted, you will find a $700 issue fee along with a $300 publication fee. There may also be surcharges in the event the patent application is finished 100 pages or has greater than 20 claims. There is typically some communication between the patent office and also the inventor (or the inventor’s attorney) through the review procedure for the applying, and if the inventor’s responses are late, there may be even more surcharges.
Since we’ve established that this Patent Office’s fees alone can be rather expensive, let’s talk about attorney fees. It could not unreasonable to have a patent attorney charge from $150 to $400 one hour for their services. Some companies may pay $12,000 to $14,000 in attorney fees to obtain a patent application to the patent office. However, there are a few 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 worth the cost. Ask yourself this inquiry: Will having a patent on this idea generate more revenue than it is going to cost to obtain the patent? Or even, it may be a little more economical that you should just walk from the whole thing. But for those of you who believe obtaining the Patent An Invention is surely an investment and are worth it in the long run, there are some things you can do in order to minimize your costs.
Until you are patent savvy, you may still desire a professional to get ready the patent application. A possible method to minimize costs is by using a patent agent rather than a patent attorney. Patent agents are non-attorneys who are capable of prepare patent applications and routinely have lower rates. Whether or not you decide on a lawyer or perhaps an agent to prepare your application, their costs will be worthwhile.
It is important to remember that not all patents are made equally. The worth of any patent is determined by the method by which it is actually written, particularly in the “claims” area of the Can I Patent An Idea. Very often, individuals ogapcl patents without the help of a patent attorney or agent and get a patent with unnecessary limitations. Competitors have no trouble getting around such weak patents, and also 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 over the expense. Well prepared inventors who communicate effectively making use of their attorneys will have the largest savings. Do not approach an attorney till you have done anything else 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 starting point. Prepare figures, write a comprehensive description of the invention, and perform a patent search (uspto.gov). In the event you begin a visit with the attorney, and that he/she begins asking questions you don’t have answers for, rescheduling another visit may be necessary.