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Published on Jan 22, 2016
Contact John Ferrell at JFerrell@carrferrell.com if he can further assist you.
www.carrferrell.com The cost of preparing and filing a patent application can vary dramatically based on such factors as the technology of the invention, the skill and experience of the attorney or agent preparing the application, and the involvement of the inventor in the process. Simple mechanical patent applications can be prepared for less than 10,000 dollars in many cases, while some drug related applications might exceed $30,000 or 40,000 dollars to prepare and file. After the patent application is filed, an additional 5,000 to 15,000 or more will likely be spent prior to issuance for responses to the patent office in the amendment of the application for allowance. Finally another 4,000 to 10,000 dollars will be spent on the issue fee and maintenance fees over the 20 year life of the patent. Although they can be incredibly valuable, patents are not inexpensive. Whether yours is a do-it-yourself application or one prepared by a premium patent firm, a patent can make expensive wallpaper if not reserved for commercially viable inventions. Before committing the time and money to the patent process, consider carefully whether the prospective economic return exists to justify the investment.