How to Get Started and What Does a Patent Cost?
Introducing a new invention into the world is an exciting and largely rewarding process, even if it is a daunting one3 min read
Introducing a new invention into the world is an exciting and largely rewarding process, even if it is a daunting one. That’s why it’s no surprise that the number of individuals who seek to secure patent protection for their invention or product is steadily increasing. From the average startup entrepreneur to the experienced business executive, everyone place great value on the unique market position that a patent or family of patents provide.
However, knowing How to Get Started and What Does A Patent Cost is a very important conceptual framework required for managing your business investments and managing risk. The filing fees, examination fees and other associated fees for filing a patent application can quickly add up. Therefore, in order to obtain the best results efficiently, it is important to have an understanding of the costs associated with the approval of a patent in the Los Angeles area.
For those based in Los Angeles or nearby, it goes without saying that you’ll want to select an attorney or firm that has a solid track record of success in patent prosecution, and unparalleled understanding of the local intellectual property laws and regulations. Fortunately, you can find quality patent attorneys on a variety of platforms, including UpCounsel.
UpCounsel is an online platform for those seeking legal assistance in the Los Angeles area and beyond. Whether you need a one-time consult or an entire freelance legal department, UpCounsel’s network of experienced lawyers has you covered. From small businesses to the Fortune 1000, groundbreaking companies of all sizes trust UpCounsel and its attorney community to provide high quality, cost-effective legal services.
The type of patent you wish to file, the kinds of research and development you’ve conducted, the complexity of the mathematics and algorithms associated with the product, and a variety of other factors will affect the cost of filing and obtaining a full patent on the product. Firstly, application fees must be paid to the government in order to initiate the process. The amount of filing fees associated with the application are largely dependent on the size of the entity submitting the patent application and the number of claims that are made. Depending on these criteria, the fees can range from the hundreds to the thousands.
Once the government has received the filing fees, the patent application will undergo a rigorous examination process. This process involves multiple reviews of the application by experienced government patent examiners. Exam fees are typically incurred every time the patent application is reviewed and can range from several hundred to a few thousand dollars.
In some cases, additional fees may be incurred due to the complexity of the technology being protected. Such fees account for the cost of experts in the field conducting review of the patent application in question. Additionally, extension fees may be necessary due to delays in the patent application or times when the application needs to be amended to meet the requirements for approval.
Finally, although not required, a special focus should be placed on the need to retain a qualified lawyer and/or a patent firm. IP lawyers and firms provide expertise in helping the applicant provide the right evidence and placement of arguments for avoiding rejections. They are well-versed in local regulations and can provide guidance in the process, acting as an ally or a partner in pursuing the patent. This can sometimes require an additional cost, however professional counsel could assist you in reducing costs, time and uncertainty throughout the patenting process.
The cost of filing a patent can range from hundreds to thousands of dollars. Factors such as the type of patent, the complexity of the technology, and local fees all affect the overall cost. Men While it is possible to attempt the patenting process alone, having a qualified attorney or patent firm at your side, such as those found on UpCounsel, can ensure that all the necessary measures are taken to secure the patent rights of your invention or product and that costs are kept at a minimum.