Are you afraid of what it will cost you to acquire a patent? If you are Inventhelp Phone Number, you might be. Large corporations may be able to shell out thousands of dollars without flinching, however when the money comes from a single income it’s a different story.
Just how much would it cost someone or your small business to acquire a patent? Let’s start with the fees through the US Patent Office. To file a simple patent application the fee is $500. Once the patent is granted, there is a $700 issue fee plus a $300 publication fee. There may additionally be surcharges if the patent application is over 100 pages or has more than 20 claims. There exists typically some communication between the patent office and also the inventor (or perhaps the inventor’s attorney) during the review procedure for the application form, and when the inventor’s responses are late, there may be even more surcharges.
Now that we’ve established the Patent Office’s fees alone can be quite expensive, let’s speak about attorney fees. It would not be unreasonable to have a patent attorney charge from $150 to $400 an hour or so 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 some attorneys who charge lower fees – $2,000 to $4,000 total – for work making this process a lot more affordable.
At this particular point you may wonder if it is all worth it. Ask yourself this question: Will having a patent about this idea generate more revenue compared to what it can cost to get the patent? Otherwise, it may be a little more economical for you to just walk away from the whole thing. But for those who believe having the Inventhelp Corporate Headquarters is definitely an investment and will be worth the cost in the long run, there are some things you can do today to minimize your costs.
Unless you are patent savvy, you may still desire a professional to make the patent application. A potential way to minimize costs is to use 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 decide on an attorney or an agent to make the application, their costs will likely be worth it.
It is important to understand that not all patents are created equally. The worth of a patent is dependent upon the way in which it is actually written, particularly in the “claims” area of the Ideas Inventions. Much too often, individuals ogapcl patents without the help of a patent attorney or agent and end up with a patent with unnecessary limitations. Competitors have zero trouble getting around such weak patents, and the individual may lose vast amounts of money amount of revenue.
Just since you hire a lawyer doesn’t mean that you simply don’t have control over the costs. Well prepared inventors who communicate effectively with their attorneys may have the largest savings. Tend not to approach an attorney till you have done everything else you can do. Before making any major investment you must do your research. Websites like uspto.gov, inventorbasics.com, as well as others might become a good place to start. Prepare figures, write a detailed description in the invention, and do 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.