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Patent Application Cost – How to Cut the Cost of a Patent Application

 

The patent application process can be very expensive and time consuming. If you are trying to patent a biomedical or biopharmaceutical product, you should plan on spending hundreds of thousands of dollars. Depending on the type of product and field of invention, the process could take up to ten years. Moreover, the existing market players are keeping a close watch on the newest innovations and will try everything in their power to kill the patent before it is even born.
Doing it yourself costs money

The cost of a patent application can quickly add up. This article will discuss what post-filing costs you should budget for. However, you should know that the cost of prosecution and issue fees alone can cost $5,000 to $7,500. Fortunately, there are ways to cut this cost. Here are some tips for making the most out of your patent search. First, learn as much as you can about the patent.

Depending on the complexity of your invention, a patent attorney can charge anywhere from $900 to $12,000 for filing. This cost can range from one hour to several hours. You should choose a patent attorney who specializes in your particular field of invention. A typical patent application can cost anywhere from $1,000 to over $5,000, including fees to the USPTO. The most experienced patent attorneys charge between $200 and $400 an hour. They typically have technical degrees and undergo specific legal training.

Attorney hourly rates

When it comes to the cost of an attorney’s services, you’re probably most interested in the hourly rate. This is a typical fee structure and can be very high, particularly if you’re a start-up or a small business. In addition to hourly rates, you’ll also pay for the drawings and miscellaneous actions, such as making phone calls and mailing emails. You’ll also pay for the processing fees of the patent office, but these are generally minimal in comparison to the hourly rate.

While experience is a big factor in how much an attorney charges, geography is also a determining factor. For instance, patent attorneys in major urban areas tend to charge around $325 per hour. However, you can often find bargains in non-traditional markets, such as Florida. Depending on your location, you can find an attorney with lower hourly rates in a less expensive region. Attorney hourly rates for patent application cost
Filing fees

The costs of filing a patent application vary based on the type of invention. In the US, a provisional utility patent application is free, but it costs approximately $280 to file an entire utility patent application. Similarly, filing a plant or design patent application has lower filing fees, with the total base fee being $620 and $310, respectively. Depending on the type of invention, additional filing fees may be required, such as for accelerated examination or long applications.

The cost of patenting an invention varies, depending on the complexity and size of your business. An experienced patent attorney can help you choose the type of application that fits your needs, conduct an exhaustive search, and submit appropriate documents. An attorney from Gerben IP will work with you to reduce your costs and improve the chances of getting your patent approved. Here are some tips to keep in mind when calculating the cost of filing a patent application.

Field of invention

The cost of a patent application can vary significantly depending on the field of invention. For instance, a biotech invention can cost upwards of $8,000 to $20,000. A chemical or internet-based method can cost anything from $7,500 to $12,000. In some cases, the cost will be more if the invention involves DNA sequence listings. The complexity of the invention can also change the cost of an application. Fortunately, there are many things that you can do to minimize the cost of a patent application.

The costs of a non-provisional patent application range from $5,000 to $15,000, depending on the complexity of the invention. At the low end, mechanical inventions will cost the least. The middle of the range may include a medical device. But the high end may be higher for an extremely complicated mechanical invention. So, keep that in mind when estimating the cost of a patent application. Hopefully, this information will help you make an informed decision.

Expenses associated with obtaining a patent

The cost of obtaining a patent varies depending on the complexity of the invention and the type of patent application. A minimally complex invention will cost around $1,250 to $1,750, while a relatively complex invention may cost as much as $25,000 or more. Software-related inventions and those involving complex algorithms may cost significantly more. A patent application that requires professional drawings will likely cost upwards of $15,000, while a relatively simple invention may cost as little as $500.

A patent application will incur additional costs after filing with the U.S. Patent Office. The patent office reviews the application approximately 18 months after it is filed. Upon initial review, the vast majority of applications are rejected. To appeal a rejection, you must pay an additional $3,500 to $4,500 in fees. A typical patent application will receive one to three rejections. However, it is possible to minimize these costs by handling the process yourself.