Before we discuss the patent cost breakdown, you must know about what actually makes a patent so expensive. When you invent something and want to patent your invention, then you have to file a patent application. So, preparing a patent application, which is a complex legal document, requires a great deal of attorney time. That application includes accurate figures that illustrate your invention and fully disclose the purpose of the invention.
Let’s discuss the costs of filing a patent application.
Filing a patent application will cost you about $8,000 to $15,000 for the attorney. If we talk about government filing fees, then it may be around $780. It is recommended that you never file a patent as a Micro Entity because some loopholes are not worth that tiny cost.
Is filing as a MICRO Entity is a good decision?
The patent office offers an option of Micro Entity, but it really is not worth the risk. Spending a few pennies puts your patent at risk. With Micro Entity status, you are required to notify the office when you no longer qualify. Typically, small business owners with low incomes apply as a Micro Entity and file only one or two patents.
However, you may have a patent application in process, or your income may exceed the threshold. Sometimes, people save a small amount of money on a filing fee, but they do not realize they could be accused of committing fraud on the patent office.
Patent Cost Breakdown
Let’s discuss some factors that help in reducing patent costs:
Provisional Patent Application Cheaper than a Non-Provisional Application
What amount does the patent attorney charge for writing a provisional patent application?
They charge $2000, but for a non-provisional, they charge more than that after one year. With a provisional patent application, overall, more risk is involved.
When we talk about filing fees, provisional, they charge less, but you still have to pay non-provisional filing fees a year later. So, the net expense will be higher than non-provisional.
So, now you decide what you want and the budget that you decide for filing a patent application. If you face difficulties in patent cost breakdown, then our company will help you because we have expert people with years of experience.
Conclusion
It is important to know about how a patent cost breakdown. If you are filing for a patent until you have all patent rights, you have to pay more. So, you must know how you can save or reduce your costs while filing for a patent application.
Our company helps you in filing a patent application with reduced costs. So, feel free to ask questions so that we can easily understand your problems and give solutions to your problems.
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