Why Do Patents Cost So Much?

Why Does a Patent Cost So Much?

 

When a person invents an original idea, such as a product or manufacturing method, it’s only natural that they want to protect their new creation. The official method for doing so is through filing and obtaining a patent; essentially a government-backed note of record on a creator, the extent of a creation, and how long their period of ownership will be. Getting a patent for an idea is an excellent move, but, as with all business propositions, financial concern looms large.

When obtaining a patent, your first concern is likely cost. For an inventor just starting their research and development process, facing a significant expense at the start can be daunting. Further complicating research into the cost of patents is the variety of answers you’ll turn up. The reason you won’t find a straightforward answer to “How much does a patent cost?” is simple: there isn’t one! It isn’t that patents don’t have specific schedules of fees, it’s that the type of patent you seek out heavily influences what your costs will be. 

As with many legal documents processed by the federal government, there are a number of challenges in finding the right answer. The process of determining which patent you need for your idea, as well as securing it properly, can be somewhat complicated.

Step 1: Finding the Correct Type of Patent

When filing patent applications, the type of patent you select will be the primary aspect affecting your out-of-pocket costs. For example, temporary / “less permanent” options like Provisional Patent Applications will cost less at the start, but these will eventually need to be upgraded to a permanent patent in order to offer the right level(s) of protection over time. If you’ve ever seen a product that uses “Patent Pending” in its advertising or marketing, chances are this is the type of patent obtained by the inventor; it essentially acts as a temporary placeholder to prevent others from “staking claim.”

In a similar vein, Design Patent Applications cost less because they only include visual appearance, rather than the actual, physical prototype or intended usage demanded by patents on consumer products. If a company or individual came up with an idea that they had blueprints, or a CAD (computer assisted drawing) format file for, but have not yet manufactured the product in question, this type of patent may be the most appropriate.

Apart from the temporary and “2D” nature of these two patent types, you’ll find the most common type of application, a Utility Patent Application. As the name suggests, this type of patent deals with the actual intended use of a built or to-be-built product, rather than the product itself. Rather than, for example, an industrial hose capable of containing a certain chemical, a Utility Patent would lay claim to the actual use of the hose for moving that chemical, often to the exclusion of any other hose that would later attempt to patent the same use. This type of patent will cost you more, but that’s because it includes the nuances the other two types do not, such as engineering specifications, legal claims, and more.

Step 2: Determining Other Patent Cost Fees

In addition to the Application Filing Fees, the United States Patent and Trademark Office (USPTO) assesses other fees as part of the patent-obtaining process. These may include line items such as search fees (making sure no one else has a similar patent to your own,) examination fees (making sure your idea is “patent-worthy,” and not overly-broad or inapplicable,) and even additional fees for large applications, which can take longer to process. Some of these individual fees can run as high as several hundred dollars, which is why it’s important to do your research and obtain help prior to starting your patent journey.

Issuance Fees

Even after correctly finding your patent type and paying all your associated fees, you’ll still have a final financial hurdle to clear: Issuance Fees. These are fees that must be paid if your patent application is successful. They are used to convert your patent application into the final form of an issued patent, incorporating that new patent into the USPTO system, and offering you legal proof in the case of a future dispute. Like patents themselves and their associated fees, issuance fees can also vary greatly based on the type of application. They are generally higher in cost than initial patent application fees.

Hiring a Patent Professional for Help

Most inventors that are serious about obtaining a patent will elect to hire a professional that specializes in the field of patent applications. The complexity of an invention, as well as the potential difficulty of obtaining a sought-after patent, will usually affect the legal costs of this type of assistance. Balancing this additional cost, however, are the considerably higher odds of successfully getting a patent. Without professional help and guidance, there is also a much higher chance of wasting money on patent applications that will never turn into patents because they are unclear, filed incorrectly, or poorly assembled.

In Conclusion: Obtaining Your Patent

There are no reliable schedules of fees that account for the virtually endless ways an invention can be patented; the only way to reliably determine cost is to start actively pursuing your patent. In general, you should plan on spending several thousand dollars between your application fees, additional fees, the cost of professional assistance, and issuance fees. As a final note, hiring a professional will also allow you to receive a much more accurate cost estimate from the start, as they will be able to quickly determine (even in estimation) the complexity, type, and potential challenges of your product or design in regards to your patent cost.

 

Get Free Inventor Kit

Begin Your Invention Journey

By continuing, I’m providing consent to For Sale By Inventor to contact me at the phone number and email provided. Contact may be by phone, email, text or prerecorded message. I understand that my proceeding is considered an electronic signature only, which I may revoke at any time and does not require me to purchase services.


  • Full Service Agency for Inventors
  • Free Consultation. 100% Safe.
  • Avoid Common Inventor Mistakes.

Updating…
loading spinner

Official Record of Invention Form

Statement Of Non-Disclosure and Complete Confidentiality Complete this form for a free, no obligation review of your idea.

This Record of Invention Form certifies that you are the originator of the invention disclosed, including all additional information submitted moving forward from this date. This Non-Disclosure Agreement certifies that nobody within or associated with For Sale By Inventor may knowingly manufacture, sell, distribute or attempt to profit from your invention in any way from the date you submit your invention.

The information you submit may be shared with a separate patent law firm to evaluate patentability and intellectual property rights. The information shared with a separate patent law firm will be bound by attorney client privilege.

All employees and representatives of For Sale By Inventor, including all related companies within the Montgomery IP Associates family of companies, are required to sign confidentiality agreements to ensure complete confidence for you and your invention idea.

*A digitally time-dated copy of your Record of Invention will be sent to you by email immediately upon submission for your records.

Disclosure

Your ideas are safe.

The purpose of the Inventor Disclosure is to inform inventors that the process of creating a new product/concept and developing it into a commercial success is extremely difficult, time consuming, often frustrating, confusing and usually costly. To succeed, inventors normally must accomplish, at a high level: the legal process (patents, copyrights, trademarks, etc); engineering, scientific or technical factors; production concerns; and, market distribution. For an individual inventor, this can be a daunting task and should be carefully considered before risking talents, time, energies and capital.

Although an inventor can always represent themselves, inventors are strongly encouraged to seek advice and assistance only from licensed professionals. For Sale By Inventor’s mission is to provide coordinated, professional services for inventors to help launch their invention ideas into new products onto the market.

For Sale By Inventor specializes in consulting, researching and educating small and micro entity inventors. For Sale By Inventor never evaluates an invention in terms of potential marketability.

For Sale By Inventor refers all patent and engineering work to a separate patent law firm on behalf of inventor clients. Advertising, virtual prototypes, websites and representation services are provided by Advertising – Generation, LLC through their proprietary website ForSaleByInventor.com. This process ensures a coordinated effort and complete confidentiality.

For Sale By Inventor and any related entities neither singularly nor collectively, considers itself to be an invention promoter or developer; regardless, the following is disclosed in the spirit of full disclosure.

The total number of inventors who contacted For Sale By Inventor and any related entities over the past 5 years is approximately 125,000; from that total, approximately 60,000 submitted ideas for review with about 12,000 offered contracts for research services; resulting in 3,974 contracting for professional research services. Following research, 2,162 received positive professional opinions of patentability and feasibility and were proffered development agreements. 1,127 inventors contracted for some combination of our patent, engineering and marketing services.

Of the total clients contracting for our services, 53 received licensing agreements and 27 have reported a net financial profit while hundreds of cases still remain active. Licensing is just one option that an inventor can pursue to commercialize their invention and was not pursued by clients who only contracted for legal, engineering or sales representation services. An additional 182 inventions have reported commercial success meaning that they either have been or are currently available for sale. Since these clients have no obligation to report their specific financial records to us, we are not aware of how many of these have made more than they spent on their invention.

DISCLAIMER: Past performance of professional services can provide no guarantee of future profits or that anyone will agree to purchase, license, produce or distribute any invention idea. Bringing an invention from an idea to marketed product is a high risk venture.

rev. 7/2017

By providing us with your information you are consenting to the collection and use of your information in accordance with our Terms and Conditions and Privacy Policy.

Customer Reviews

Most Popular Posts

Blog Categories

Wishlist 0
Continue Shopping