Are you scared of what it will cost you to have a patent? If you are Invent Help Tech, 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.
Just how much would it cost an individual or your small business to obtain a patent? Let’s begin with the fees through the US Patent Office. To file a basic patent application the fee is $500. Once the patent is granted, there is a $700 issue fee along with a $300 publication fee. There may also be surcharges if the patent application is finished 100 pages or has more than 20 claims. There exists typically some communication involving the patent office as well as the inventor (or even the inventor’s attorney) throughout the review process of the application form, and if the inventor’s responses are late, there might be even more surcharges.
Since we’ve established the Patent Office’s fees alone can be quite expensive, let’s talk about attorney fees. It could not unreasonable to get a patent attorney charge from $150 to $400 one hour for services. Some companies may pay $12,000 to $14,000 in attorney fees to obtain a patent application for the patent office. However, there are several attorneys who charge lower fees – $2,000 to $4,000 total – for their work making the process a lot more affordable.
Around this point you may wonder if it is all worth the cost. Ask yourself this inquiry: Will having a patent on this idea generate more revenue than what it will cost to get the patent? Otherwise, it may become more economical that you should just walk from the whole thing. But for people who believe getting the How To Patent An Idea With Inventhelp is surely an investment and will be worth it inside the long run, there is something you can do today to minimize your costs.
Until you are patent savvy, you will still desire a professional to get ready the patent application. A possible way to minimize costs is to apply a patent agent as opposed to a patent attorney. Patent agents are non-attorneys that are capable to prepare patent applications and routinely have lower rates. Regardless of whether you decide on an attorney or even an agent to prepare your application, their costs will likely be worth the cost.
You should keep in mind that not every patents are made equally. The worth of the patent is determined by the manner in which it really is written, especially in the “claims” part of the Make My Invention Prototype. 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, as well as the individual may lose vast amounts of money worth of revenue.
Just since you hire a lawyer doesn’t mean that you simply don’t have control over the costs. Well prepared inventors who communicate quickly with their attorneys will have the largest savings. Do not approach a lawyer till you have done everything you can do. Before creating any major investment you need to do your research. Websites like uspto.gov, inventorbasics.com, yet others might become a good starting point. Prepare figures, write a detailed description of the invention, and do a patent search (uspto.gov). In the event you start a visit having an attorney, and he/she begins asking you questions you don’t have answers for, rescheduling another visit may be necessary.