There is a huge difference between dreaming about a great invention/idea that will bring in loads of money and actually turning it into a viable enterprise. If you think that you have a brilliant idea that you would not like other people to steal, you are strongly advised to find all the necessary details on how to patent an idea. Before you start this, carry out extensive research to make certain that the idea is unique and will provide a competitive advantage over what is in the marketplace today.
When you are done, it is important to keep your plan a secret until you are done with the process so that no one can profit from your ideas.
Hiring a patent attorney to review your business idea and coach you on appropriate protection, patent licensing options, sale options, etc. is in your best interest. Although patent attorneys are expensive, they are worth the money. You must make sure that you hire an experienced, skilled and qualified patent lawyer that understands these business, technology, and law issues regarding intellectual property. Have you been looking to learn more about the patent application process for businesses? Intellectual Pats is here to help! Start by filling out the form on this page or calling the number at the top to schedule a 15 minute FREE consultation with an intellectual property lawyer who will work to give you all the help you need.
Costs Related to the Patent Application Process
First, the government filing fee (for most patents) is $400 or $730 for a non-provisional utility patent application. This is where examiners will check the application and conduct a search in a bid to confirm if your invention is original. When this is done, a final examination will take place and if approved, you will be required to pay a final fee of $200 so that the patent can be granted.
Next, almost all patent applications require formal illustrations (patent drawings). Unless you know how to develop professional illustrations that meet the USPTO drawing regulations you should plan on spending around $300 to $1,000 to have the formal illustrations done by a professional who is familiar with patent illustration drawings.
Lawyer costs for drafting a provisional patent application can average around $1,500 to $2,000.
For a non provisional patent application, fees can average $8,000 or can cost much more, depending on the complexity of the patent.
As a business person, you also need to remember that when the patent forms are submitted, the process for patenting an idea does not end. You will also be required to conduct market research, locate funding, etc. More about the cost to patent an idea.
There are some people who may feel like they do not want to go through the entire process alone. This is one of the main reasons you are advised to sign up with Intellectual Pats. We are a company that was specifically set up to help people with their patenting issues. You can be assured that you will not have to deal with the tedious patent process alone, because we will do the heavy lifting required to make sure your intellectual property gets the protection it needs.
If you have any questions on how to patent a business idea, call us today at 844-884-3504.