Are you afraid of what it will cost you to have a patent? If you are Invent Help Inventors, 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, just how much would it cost a person or a small company to obtain a patent? Let’s start with the fees from your US Patent Office. To file a basic patent application the charge is $500. If the patent is granted, there exists a $700 issue fee in addition to a $300 publication fee. There may additionally be surcharges in the event the patent application is over 100 pages or has more than 20 claims. There is certainly typically some communication between the patent office as well as the inventor (or even the inventor’s attorney) through the review procedure for the applying, and in case the inventor’s responses are late, there may be even more surcharges.
Now that we’ve established that this Patent Office’s fees alone can be rather expensive, let’s discuss attorney fees. It could not unreasonable to possess a patent attorney charge from $150 to $400 an hour or so for their services. Some companies may pay $12,000 to $14,000 in attorney fees to obtain 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 the procedure much more affordable.
Around this point you may wonder if it is all worth the cost. Think about this query: Will possessing a patent with this idea generate more revenue than it is going to cost to obtain the patent? If not, it may be a little more economical so that you can just walk from the whole thing. But for those who believe obtaining the How To Get Something Patented With Inventhelp is surely an investment and will be worth it in the long run, there is something you can do today to minimize your costs.
Unless you are patent savvy, you may still want a professional to get ready the patent application. A possible method to minimize costs is to apply a patent agent as opposed to a patent attorney. Patent agents are non-attorneys who definitely are capable of prepare patent applications and routinely have lower rates. Whether or not you choose a lawyer or perhaps an agent to prepare your application, their costs is going to be worth it.
It is essential to remember that its not all patents are created equally. The value of a patent is determined by the way in which it really is written, especially in the “claims” section of the Inventhelp Invention Stories. Very often, individuals ogapcl patents without the assistance of a patent attorney or agent and get a patent with unnecessary limitations. Competitors have zero trouble getting around such weak patents, and the individual may lose vast amounts of money worth of revenue.
Just because you hire a lawyer doesn’t mean that you don’t have power over the costs. Well prepared inventors who communicate quickly making use of their attorneys could have the greatest savings. Tend not to approach an attorney till you have done everything 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 start. Prepare figures, write a detailed description of the invention, and conduct a patent search (uspto.gov). In the event you begin a visit having an attorney, and then he/she begins asking questions you don’t have answers for, rescheduling another visit may be necessary.