Applying For A Patent
Applying For A Patent
Michael Cohen (Michael N. Cohen, Esq.) gives expert video advice on: How should I prepare for the patent application process?; What are some disadvantages of applying for a patent? and more...
How much does it cost to obtain a patent?
If you want to know the filing fees to obtain a patent, you can find the prices at the U.S. Patent and Trademark Office. That's simply for filing the patent application. If you are going to hire an attorney to prepare the patent application for you, the prices will vary significantly depending on who you are going to. Generally, solo practitioners or smaller firms will have a little bit lower price. Larger firms will be more expensive. You can predict that prices will range anywhere from $1500.00 for a design patent, whereas utility patents will start at around $3000.00 and go onwards up to $10,000.00 depending on the complexity.
How long does it take to obtain a patent?
The time period to obtain a patent will vary significantly. You may be able to obtain design patents within a matter of months, whereas utility patents take a little bit longer. I would expect at least one year until the issuance of a patent, but sometimes, it may take years.
What are some advantages of applying for a patent?
There's many advantages for applying for a patent. The number one advantage for applying for a patent though, is that you will retain the intellectual property rights of your invention. What that means is, if someone else is potentially infringing, or is going to infringe on your patent, you have the enforcement rights to give them notice that they are infringing on your patent. You do that either by suing them in a lawsuit in federal court, or you can send them a cease and desist letter.
What are some disadvantages of applying for a patent?
With the disadvantages of applying for a patent, as far as I'm concerned, I don't see too many. However, the patent process may be costly. It is something that you have to be committed to. It does take a period of time and sometimes it is frustrating, but in the end applying for a patent is definitely worth it.