Business

Important steps in case you made up your mind about applying for a patent

Patent obtainment

The first thing you are required to do, is apply for the patent at the United States Patent and Trademark Office. You can either come there in person, or have someone act on your behalf (for instance, it may be a registered patent attorney). The application you need to file includes the following parts: full description of the novelty, its drawn images, as well as claims (definition of the novelty in legal terms). Your invention receives the status “Patent Pending” after you file your application. At this point, you do not have to present the functioning model of the product.

Utility patent: You will be required to pay 3 kinds of fees as you apply for the patent: 1) filing fee 2) search fee 3) examination fee. If your application is successful, and the United States Patent and Trademark Office approves the patent, you will be required to pay two additional fees: 1) publication fee 2) issue fee.

You also need to add to the total cost fees for the processing of your order and expedition. However, if you are an independent inventor, or represent a small business, the fees are reduced by half. All the fees are to be paid to the United States Patent Office. With this kind of patent you must also pay the so-called maintenance fees after 3.5, 7.5 and 11.5 years. If all this sounds confusing you should definitely hire professionals such as InventHelp to help you out in the process.

If you also use the services of a patent attorney, the usual cost of application for the utility patent reaches $6,000-$11,000. In fact, more than a half of this sum is spent on the attorney’s services, which why some people prefer to do everything on their own. As for patents for a design and plant patents, the cost is usually significantly lower – under $2,500.

In order to receive the patent you are also required to go through the prosecution of the application; this can be done on your behalf by a patent attorney, and will most likely cost you around $3,000 in extra fees. It can take 2 years to obtain the patent, as all the steps, such as preparation, submission, prosecution and granting the patent itself, are followed carefully by the United States Patent and Trademark Office. The final cost can vary from $8,000 to $12,000, depending on whether you used professional help from the attorney as described in this article on https://www.tmcnet.com/topics/articles/2018/06/13/438460-how-inventhelp-change-business-destiny.htm.