Are you scared of what it will cost you to obtain a patent? If you are How To File A Patent With Inventhelp, you might be. Large corporations may be able to shell out thousands of dollars without flinching, but when the money comes from a single income it’s a different story.
So how much would it cost someone or your small business to get a patent? Let’s start with the fees through the US Patent Office. To file a fundamental patent application the fee is $500. Once the patent is granted, you will find a $700 issue fee in addition to a $300 publication fee. There may also be surcharges if the patent application has ended 100 pages or has greater than 20 claims. There is typically some communication in between the patent office and the inventor (or perhaps the inventor’s attorney) through the review procedure for the applying, and when the inventor’s responses are late, there could 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 might not really unreasonable to possess a patent attorney charge from $150 to $400 an hour or so for his or her 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 his or her work making the process much more affordable.
Around this point you may wonder if it is all worth it. Consider this question: Will having a patent with this idea generate more revenue than what it can cost to have the patent? If not, it may be more economical for you to just walk from the whole thing. But for people who believe obtaining the Inventhelp Inventor is definitely an investment and will also be worth the cost in the long run, there are some things you can do in order to minimize your costs.
Except if you are patent savvy, you will still want a professional to make the patent application. A potential 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 to prepare patent applications and normally have lower rates. Whether or not you select a lawyer or an agent to make the application, their costs is going to be worth it.
You should understand that not every patents are created equally. The value of any patent depends on the way in which it is actually written, specifically in the “claims” part of the Invent Help Inventors. All too 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, and the individual may lose millions of dollars amount of revenue.
Just because you hire a lawyer doesn’t mean which you don’t have power over the costs. Well prepared inventors who communicate effectively using their attorneys could have the greatest savings. Tend not to approach legal counsel until you have done everything else you can do. Before creating any major investment you have to do the research. Websites like uspto.gov, inventorbasics.com, yet others might become a good place to start. Prepare figures, write a comprehensive description from the invention, and conduct a patent search (uspto.gov). Should you take up a visit with an attorney, and that he/she begins asking questions you don’t have answers for, rescheduling another visit may be necessary.