Are you scared of what it will cost you to acquire a patent? If you are Inventhelp Patent Services, 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 how much would it cost a person or a small business to obtain a patent? Let’s begin with the fees through the US Patent Office. To file a basic patent application the fee is $500. If the patent is granted, there is a $700 issue fee in addition to a $300 publication fee. There may also be surcharges in the event the patent application is finished 100 pages or has greater than 20 claims. There is certainly typically some communication in between the patent office and the inventor (or perhaps the inventor’s attorney) throughout the review procedure of the application form, and when the inventor’s responses are late, there may be even more surcharges.
Given that we’ve established the Patent Office’s fees alone can be quite expensive, let’s discuss attorney fees. It would not unreasonable to get a patent attorney charge from $150 to $400 an hour for their services. Some companies may pay $12,000 to $14,000 in attorney fees to acquire a patent application for the patent office. However, there are several attorneys who charge lower fees – $2,000 to $4,000 total – for his or her work making this process far more affordable.
At this point you may wonder if it is all worth the cost. Think about this query: Will having a patent on this idea generate more revenue than it can cost to get the patent? Or even, it may be a little more economical for you to just walk out of the whole thing. But for those who believe having the Review For Inventhelp is definitely an investment and are worthwhile in the long run, there are some things you can do today to minimize your costs.
Except if you are patent savvy, you will still desire a professional to make the patent application. A possible way to minimize costs is to apply a patent agent rather than a patent attorney. Patent agents are non-attorneys who are qualified to prepare patent applications and typically have lower rates. Whether or not you select an attorney or an agent to get ready your application, their costs is going to be worth it.
You should keep in mind that not every patents are made equally. The value of a patent is determined by the method by which it is actually written, especially in the “claims” section of the Inventhelp Caveman. Very often, individuals ogapcl patents without the assistance of a patent attorney or agent and end up with a patent with unnecessary limitations. Competitors do not have trouble getting around such weak patents, as well as the individual may lose huge amounts of money amount of revenue.
Just because you hire a lawyer doesn’t mean which you don’t have control of the expenses. Well prepared inventors who communicate effectively making use of their attorneys may have the greatest savings. Usually do not approach a lawyer until you have done everything you can do. Before creating any major investment you must do your research. Websites like uspto.gov, inventorbasics.com, and others might become a good starting point. Prepare figures, write an in depth description of the invention, and do a patent search (uspto.gov). In the event you begin a visit having an attorney, and that he/she begins asking questions you don’t have answers for, rescheduling another visit may be necessary.