Do You Know How Much a Patent Costs?

If someone asks the question how much the patent costs then it cannot be easily answered in one sentence. The cost paid for applying patent application is just a small part of the process. In addition to that one has to consider revising cost, prosecuting cost, issuing and maintenance cost of the patent till it is finally obtained.

Before you think about how to sell my patent you need to consider the following costs incurred by you to create your own patent.

•       Cost incurred for lawyer’s fees
  
  In order to prepare your application for patent, you need to pay thousands of dollars to lawyers. If the invention is simple then it may cost less however for any complex invention it may cost much more.
  
•       Application fee
  
  While filing your application too you have to pay a large amount of money as a fee to the lawyer. Lawyer is going to negotiate on your behalf with the patent office and if it is rejected then you may have to appeal again and your cost increases.

Some people prefer to do it themselves instead of paying fees to the lawyer, but that is huge amount of work if you are not familiar with this activity. You need to take lots of time to learn first and then prepare your application.

Thus, you can see that in order to get your patent you have to make plenty of effort not only in creating your innovation, but also to carry out different legal formalities. Having gone through all these activities, you can finally decide your cost of patent.