http://www.inolyst.com/, call us at +91-80-39275503, email at info@inolyst.com Searching for patent services, Inolyst is one of the best option for you. Our patent service protects your invention from coping, selling and manufacturing. Our professionally expert team handles all patent related process.
3. What to choose?
If you are startup looking to file a patent, two options that would not pinch your
pocket are trademarks and provisional applications.
For instance if you choose to document and file your own application; the cost of
filing a patent application is at the lower side. In this case you need to pay fees
pertaining to the respective PTO’s only.
The expert inventor will always be updated about the fact that patents cost
money. They do not earn money as proclaimed by some experts. But, the good
news about patent filing is that good inventors also know how to do it without
giving away their individual capital.
4. Filing a patent
Filing a patent incurs other costs also. Understanding the fees structure
according to the nature and need of filing of the patent, can help you as owner or
inventor take correct strategic decision. So, a clear breakdown of the elements
that constitute the entire cost factor will definitely help you plan the expenditure,
which you have to budget out at the initial stage as well as the later stage.
As mentioned before cost of filing depends on the drafting of the application.
So, if you go for a provisional patent, the costing will be less. But if you go for
non-provisional also known as complete patent the total costing goes up. This is
again based on the specification detailing done at the drafting level and the
patent strategy opted by you.
5. Cost of a patent filing
The overall cost of a patent filing in US or India for instance would consist of
statutory fees i.e., to be paid at the patent office and the professional fees that
you pay to the patent agent. In the former case, the rate is fixed, but in the latter
the fee varies based on the service provider selected by you.
Let’s now focus on the statutory fees. This is dependent on the applicant of the
patent. For example, the Indian Patent Office has divided this whole process into
three parts, such as:
Natural person (individual inventor only)
Small Entity- A registered company having MSME registration
Company –Any registered company.
Next time you want to file a patent remember to plan your costing, since a start
up mostly runs on a tight budget.