How much does a patent cost?

 
Photo by  Keith Cooper  /  CC BY 4.0

PATENT COSTS

Before you even consider filing a patent, you should know approximately how much it will cost. Just be aware of one thing–getting a patent is not cheap. A cheap patent is a useless patent.

To give you an idea, utility patents are the most expensive to obtain and start around $2,000 for a simple invention. Design patents start around $1,500. Both these prices are exclusive of patent fees.

ON A BUDGET? MAKE AN ALTERNATIVE FEE ARRANGEMENT!

If you are on a budget, alternative fee arrangements are available. For example, the inventor can arrange with me to limit the scope of representation to save on preparation fees. Don't let cost be a barrier to getting the protection you need.

WHY IS FILING A PATENT SO EXPENSIVE?

Patent protection is the most expensive to obtain because it requires:

  • performing a patent search to determine patentability
  • drafting of the broadest possible claims
  • writing a detailed specification
  • preparation of figures
  • prosecution of the application itself

This process takes years to complete. The average prosecution time for a patent is is about 26 months, and the PTO currently has a backlog of approximately 546,000 patents. 

WHAT CAN THE INVENTOR DO AFTER OBTAINING A PATENT?

After you have obtained a patent, you have to to figure out how to monetize it. This can be done by:

  • Licensing the right to produce the patented invention
  • Making and selling the patented invention
  • Selling the patent

Each of these requires a knowledgeable attorney in order to get the best possible return on investment. Contact me today to go over all your options!