- November 15, 2019
Inventhelp Product Licensing – Take A Look At This..
Are you afraid of what it will cost you to have a patent? If you are Invent Help, 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.
So how much would it cost an individual or a small company to get a patent? Let’s get started with the fees from your US Patent Office. To file a simple patent application the fee is $500. When the patent is granted, there exists a $700 issue fee plus a $300 publication fee. There may also be surcharges if the patent application is over 100 pages or has more than 20 claims. There is typically some communication involving the patent office and also the inventor (or even the inventor’s attorney) through the review procedure of the applying, and when the inventor’s responses are late, there might be even more surcharges.
Now that we’ve established that the Patent Office’s fees alone can be quite expensive, let’s discuss attorney fees. It might not be unreasonable to get 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 get 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 the procedure far more affordable.
Around this point you may wonder if it is all worth it. Consider this question: Will having a patent on this idea generate more revenue compared to what it will cost to obtain the patent? If not, it may be a little more economical that you should just walk from the whole thing. But for those who believe obtaining the How To File A Patent With Inventhelp is surely an investment and will also be worth the cost within the long run, there are certain things you can do today to minimize your costs.
Unless you are patent savvy, you will still need a professional to prepare the patent application. A possible approach to minimize costs is to apply a patent agent instead of a patent attorney. Patent agents are non-attorneys that are capable of prepare patent applications and routinely have lower rates. Whether or not you select an attorney or an agent to make the application, their costs is going to be worth the cost.
It is important to keep in mind that not every patents are made equally. The value of a patent is dependent upon the way in which it is actually written, especially in the “claims” part of the Ideas For Inventions. Much too often, individuals ogapcl patents without the assistance of a patent attorney or agent and get a patent with unnecessary limitations. Competitors have no trouble getting around such weak patents, as well as the individual may lose millions of dollars amount of revenue.
Just because you hire legal counsel doesn’t mean which you don’t have control of the expense. Well prepared inventors who communicate quickly and effectively making use of their attorneys could have the greatest savings. Usually do not approach legal counsel 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, as well as others might be a good place to begin. Prepare figures, write a comprehensive description of the invention, and conduct a patent search (uspto.gov). If you take up a visit having an attorney, and he/she begins asking you questions you don’t have answers for, rescheduling another visit may be necessary.