Are you scared of what it will cost you to have a patent? If you are Inventhelp Products, you might be. Large corporations may be able to shell out 1000s of dollars 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 business to obtain a patent? Let’s begin with the fees from the US Patent Office. To file a basic patent application the fee is $500. If the patent is granted, there is 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 more than 20 claims. There is certainly typically some communication between the patent office and also the inventor (or even the inventor’s attorney) throughout the review procedure for the applying, and if the inventor’s responses are late, there may be even more surcharges.
Given that we’ve established that the Patent Office’s fees alone can be quite expensive, let’s discuss attorney fees. It might not be unreasonable to have 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 towards the patent office. However, there are several attorneys who charge lower fees – $2,000 to $4,000 total – for their work making this process a lot more affordable.
At this point you may wonder should it be all worth the cost. Think about this inquiry: Will possessing a patent with this idea generate more revenue compared to what it will cost to get the patent? If not, it may become more economical for you to just walk from the whole thing. But for people who believe having the Inventhelp Corporate Headquarters is an investment and are worth the cost inside the long run, there are certain things you can do today to minimize your costs.
Except if you are patent savvy, you are going to still desire a professional to prepare the patent application. A possible method to minimize costs is to use a patent agent instead of a patent attorney. Patent agents are non-attorneys who are capable of prepare patent applications and routinely have lower rates. Whether or not you choose a lawyer or perhaps an agent to get ready the application, their costs is going to be worth it.
You should remember that not all patents are made equally. The value of any patent depends on the manner in which it is actually written, particularly in the “claims” area of the What Is A Patent. Much too often, individuals ogapcl patents without the assistance of a patent attorney or agent and get a patent with unnecessary limitations. Competitors do not have trouble getting around such weak patents, and the individual may lose vast amounts of money amount of revenue.
Just since you hire legal counsel doesn’t mean that you don’t have control over the expenses. Well prepared inventors who communicate quickly with their attorneys could have the greatest savings. Do not approach legal counsel until you have done anything else you can do. Before creating any major investment you need to do your homework. Websites like uspto.gov, inventorbasics.com, and others might be a good place to begin. Prepare figures, write a comprehensive description in the invention, and perform a patent search (uspto.gov). In the event you take up a visit having an attorney, and then he/she begins asking questions you don’t have answers for, rescheduling another visit may be necessary.