Are you scared of what it will cost you to have a patent? If you are Inventhelp Success Stories, you could be. Large corporations may be able to spend 1000s of dollars without flinching, however, when the cash comes from a single income it’s another story.
Just how much would it cost a person or a small business to get a patent? Let’s begin with the fees through the US Patent Office. To submit a simple patent application the charge is $500. If 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 has ended 100 pages or has greater than 20 claims. There is certainly typically some communication involving the patent office and the inventor (or perhaps the inventor’s attorney) throughout the review procedure for the applying, and when the inventor’s responses are late, there might be even more surcharges.
Now that we’ve established the Patent Office’s fees alone could be very expensive, let’s discuss attorney fees. It might not 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 obtain 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 this process much more affordable.
At this stage you could wonder when it is all worthwhile. Ask yourself this question: Will owning Inventhelp Patent Referral Services about this idea generate more revenue than it can cost to obtain the patent? If not, it may be cheaper that you should just walk out of the whole thing. But for those of you who believe getting the patent is an investment and are worthwhile in the long run, there are some things that you can do to minimize your costs.
Except if you are patent savvy, you may still want a professional to make the patent application. A likely way to minimize costs is to apply a patent agent instead of a patent attorney. Patent agents are non-attorneys who definitely are qualified to prepare patent applications and normally have lower rates. Regardless of whether you select legal counsel or even an agent to get ready the application, their costs will likely be worth it.
You should understand that its not all patents are produced equally. The value of Inventhelp Caveman Commercial is determined by the manner in which it is written, especially in the “claims” section of the patent. Much too often, individuals file patents without the assistance of a patent attorney or agent and get a patent with unnecessary limitations. Competitors do not have trouble ixcxxf around such weak patents, as well as the individual may lose millions of dollars amount of revenue.
Simply because you hire legal counsel doesn’t imply that you don’t have control of the expense. Ready inventors who communicate effectively with their attorneys may have the biggest savings. Do not approach a lawyer till you have done everything else that you can do. Prior to making any major investment you need to do your research. 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 start a visit with the attorney, and then he/she begins asking you questions you don’t have answers for, rescheduling another visit may be necessary.