Cheap Patent

This term is rather elusive as there is no such thing as a cheap patent. As with most things in life filing and obtaining a patent is not free and most would not find it cheap. This is not to hinder anyone’s hopes or desires in seeking a patent. It is to be used more as reference that anything worth obtaining never comes cheap. This is also not to say the United States Patent and Trademark Office has any hidden fees. All patent application and maintenance fees can be found on the USPTO website.

Filing a Utility Patent Application

The utility patent application is the most expensive of the three possible patents, the others being design and plant patents. The cost to file a basic utility patent application in the United States is $330 and independent claims will cost $220, as long as the claims do not exceed twenty. It is to be noted claims exceeding twenty will cost the inventor more.

Once the Application is Filed

After reviewing the utility patent application fees one might think there is such a thing as a cheap patent, as those costs are not staggering. However, an inventor must be made aware of other fees to follow the application. A utility search conducted by the USPTO will cost an inventor $540 and the application examination is $220. These fees are required, because the USPTO must insure that the patent does not already exist for the invention. Paying these fees does not ensure a patent will be granted.

The Application is a Success

If a utility patent is granted to the inventor a fee to issue the patent must then be paid. The cost to issue a utility patent is $1510. The patent wound then be recognized by the USPTO and a patent number would be given. In order for an inventor to continue to hold the rights to that patent maintenance fees must then be paid. An inventor that wants to maintain rights to their patent must pay fees at 3 1/2, 7 1/2 and 11 1/2 years.

Cheap Patent not so Much

As one can see cheap patents do not exist, but that is not to say it is not worth the money or time. One must feel a great sense of victory and pride once the patent number is received. It should also be noted that there are discounted fees for individual inventors and small entity businesses for their patent application, which can save an inventor some money.

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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.

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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.

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