Are you afraid of what it will cost you to obtain a patent? In case you are Find A Patent Attorney, you may be. Large corporations may be able to shell out 1000s of dollars without flinching, however, when the cash comes from one income it’s an alternative story.
Just how much would it cost an individual or a small business to acquire a patent? Let’s get started with the fees through the US Patent Office. To file a simple patent application the fee is $500. If the patent is granted, you will find a $700 issue fee in addition to a $300 publication fee. There could also be surcharges when the patent application has ended 100 pages or has a lot more than 20 claims. There is certainly typically some communication involving the patent office and the inventor (or the inventor’s attorney) during the review procedure for the applying, and when the inventor’s responses are late, there may be a lot more surcharges.
Since we’ve established the Patent Office’s fees alone can be quite expensive, let’s talk about attorney fees. It would not really 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 to the patent office. However, there are some attorneys who charge lower fees – $2,000 to $4,000 total – for his or her work making the process far more affordable.
At this point you may wonder should it be all worth the cost. Think about this inquiry: Will owning Famous Inventors about this idea generate more revenue than it can cost to have the patent? If not, it may be less expensive so that you can just walk out of the whole thing. But for those of you who believe getting the patent is an investment and will be worth it over time, there are some things that you can do to lower your costs.
Except if you are patent savvy, you may still want a professional to prepare the patent application. A potential way to minimize costs is to use a patent agent instead of a patent attorney. Patent agents are non-attorneys that are qualified to prepare patent applications and normally have lower rates. Whether or not you select an attorney or even an agent to prepare your application, their costs will be worth it.
It is essential to keep in mind that its not all patents are made equally. The value of Inventhelp Reviews is determined by the method by which it is actually written, specifically in the “claims” area of the patent. Very often, individuals file patents without the help of a patent attorney or agent and end up with a patent with unnecessary limitations. Competitors have no trouble ixcxxf around such weak patents, as well as the individual may lose millions of dollars worth of revenue.
Because you hire a lawyer doesn’t mean that you don’t have control of the expenses. Prepared inventors who communicate quickly and effectively with their attorneys could have the biggest savings. Do not approach legal counsel until you have done anything else you can do. Before you make any major investment you must do your homework. Websites like uspto.gov, inventorbasics.com, as well as others may well be a good place to begin. Prepare figures, write an in depth description from the invention, and conduct a patent search (uspto.gov). Should you begin a visit with the attorney, and then he/she begins asking questions you don’t have answers for, rescheduling another visit may be necessary.