2. What is Annuity Payment?
Annuity Payment also known as renewal fees or maintenance fees,
are fees that are paid to the respective Patent offices to maintain a
granted patent or patent application in force.
In countries where renewal fess or continuance fees are to be paid
annually, they are sometimes called patent annuities.
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3. How to make patent annuity payment?
Annuity or Patent renewals are paid to the respective patent and
trademark offices (PTO) as per the fees stipulated by the patent law
of that country.
The renewal fees can be paid by different methods such as online
fee payment, Wire transfer, check and also in cash.
Certain countries require the payment to be made only by a local
patent attorney or agent e.g., China, Korea, Japan etc.
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4. How is it differs from each country?
The amounts payable as well as the frequency of the payments
differ by the individual countries.
Some jurisdictions require the payment of fees for pending patent
applications and other countries only after patent get granted or
Issued.
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5. How to calculate annuity payment?
Usually patent renewals are calculated annually; however there are
few countries which are calculated differently such as in USA where
the renewals are paid in 3.5, 7.5 and 11.5 years from the date of
grant.
For European Union, the fees shall be paid to the European Patent
Office (EPO) until the application is granted.
Once a European patent application is granted, then the subsequent
renewal fees are paid to the corresponding European countries
where the applicant wishes to validate the patent.
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6. Importance of making patent annuity fee?
The payment of patent annuities is an important and necessary part
of maintaining an intellectual property portfolio in force without
lapse.
Annuity fee payment encourages an applicant and patent holder to
re-evaluate the economic value of their application and patent on a
yearly basis.
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Failure to pay the Annuity fee by the deadline does not necessarily
mean that all is lost.
Payment of a renewal fee may still be validly made up to six months
(commonly referred to as the grace period) from the ultimate
deadline, provided that an additional fee equal to 50% of the belated
renewal fee is paid within the same period.
If payment of the belated renewal fee and the additional fee is made
within this time frame, then the application will remain in force.
Failure to pay a renewal fee by the end of the grace period will
result in the application lapsing. In certain circumstances it is
possible to restore the right in few countries.
These conditions include payment of the outstanding renewal fees
and making a request for restoration to the patent office with
reasons explaining the non-payment of renewal fees.
What happens if, we miss paying the annuity fee?
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Processing patent annuities in-house means managing an
international network of agents and that comes with risks.
Managing through outside counsel is expensive.
Using an annuity service provider is the default option but some
give little visibility into cost structures.
It is hard to track the frequent adjustments and fees are often hidden
or higher than anticipated, making budgeting difficult.
Challenges in making annuity payment?
10. Annuity Payer is a web-based application that optimizes
patent renewal process by providing a comprehensive data
on renewal term, fees and order status.
We commit to pay annuities directly to Patent Offices across
the globe, either directly or through local agents.
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What is Annuity Payer?
12. Annuity Payer helps to pay the fee on time, in a
transparent and cost-effective manner with no extra
annual management fees, subscription fees, sign-up fees
or reporting fees.
The application is simple and secure for managing your
portfolio.
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How will Annuity Payer be useful?
13. Annuity Payer calculates the annuity payment based on the
corresponding PTO’s rules and regulations. Annuity fee
includes: annuity fee + commission + agent charge. Apart from this
the following may be included:
surcharge, if late payment
claim fee, applicable for certain countries
markup fee, if paid using credit card.
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How is the annuity payment calculated?
14. To import our portfolio, go to import page by click Import in the
menu.
We can import patents/publication individually or in bulk.
By Individual Patent Number
Enter the patent or publication number
Check Include Patent Family, if required
Hit Import.
In Bulk
Click Download Template to download the Excel template
Fill in the Excel sheet with required fields
Upload the file by selecting the file and clicking Upload.
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How to upload a patent portfolio in Annuity Payer?
15. Importing details individually is automatic. However,
when it comes to bulk uploads, Annuity Payer gives you
two options:
My Source - you can fill in details manually or via
upload (when option Extract from public source
(INPADOC) is unchecked)
Public Source - details are extracted automatically. You
can check Include Patent Family to import family
details of the given patent or publication number
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Is importing patent details automatic or manual?
16. Country Code
Patent or Publication No.
Issue Date (if patent number is entered)
Filing Date
Other than these there are 11 fields such as Title, Docket No.,
Entity Status, Patent Type, etc., which can optionally be filled
in or populated for upload.
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What are the mandatory fields in My Source?
17. Only patent or publication number is mandatory, other
fields including: Docket No., Entity Status, Patent Type
and Cost Center and can be filed in or populated for
upload, optionally.
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What are the mandatory fields in Public Source?
18. To place an order:
Add the patent(s)/publication(s) to shopping cart, by clicking
Add to Cart
Click Cart icon to see the item(s)
Click Proceed to Checkout button to place an order
Click Confirm your Order where you will be redirected to
payment gateway
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How do I place an order?
19. As soon as Annuity Payer receives the payment from Client,
They can view/ download the invoice and also by:
Clicking Print Invoice button in Order details page or
Clicking PDF icon in the My Account Orders page
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Do I get an invoice for an order placed?
20. Click Pat/Pub No., the patent details are displayed along
with any past or pending renewals.
Click the Status (if pending) or Show History (if
completed) and a popup box is opened where you can
find status history.
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Where can I see patent renewal history?
21. Annuity Payer gives you an estimation of the patent annuity
costs.
Go to Estimator menu or click Estimator in the homepage,
which provides renewal summary (by default for a year) and
graphical representation.
Filter options include date range and country to facilitate
budgeting.
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How do I see annuity cost projections?
22. Our Annuity Payer support team frequently checks
patent offices’ websites for any updates or changes in
patent annuity.
So the cost, term and other applicable rules are updated
from time to time.
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How is patent annuity cost maintained?
23. Instant projections with Estimator and export invoices.
Ease of pay with multiple payment options including Credit
card.
Periodic estimates and reminders.
Able to take up any last minute instructions.
Make annuity payments world wide with more than 120
countries.
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Other Key Features
24. Delay in amount received.
Last minute instruction to pay the fees.
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Challenges
