What are Patent rights?
Patent right in simple words is the right given for an invention. The invention might include any process or product providing a new technique to do things or proving it as a technological solution. A patent right excludes any third party from using, copying, or selling the invention. Patents are given to inventors for a specific period of time. With patents, the inventors can also license their idea to a third party and grant them access to production processes under a licensing agreement.
Why should you file for a patent?
A patent holder can get several benefits, for example, having full control over the production, use, and distribution channels. This can surely be very useful and profitable. Moreover, having full control over your invention limits competition in the market, and you can gain the benefits of a single-seller monopoly. You can increase your market share and eventually expand your business. Thus, patent rights are something that you should definitely file for.
Why should you reach out to a patent lawyer?
A patent lawyer is known as a patent attorney. If you wish to file for a patent, you must seek help from a legal professional who can advise you about patents and help you receive patents. You can reach out to any patent law firm in order to take a consultation and get your work done.
How much does a patent cost?
In order to obtain patent rights, you are required to pay a certain fee. You must be aware of the fact that hiring a patent attorney in Chicago is way cheaper than doing it yourself.
As far as the fee is concerned, it depends on the type of patent you wish to get. You must have a clear idea of which type of patent you require. If you wish to get a patent on your machines, chemicals, or processes, then you need to file for a utility patent. To protect the designs of manufactured products, a design patent is what you require. For the creation and reproduction of new plant diversities, plant patents are acquired.
For example, the estimated cost to patent a design that is Simple, the Non-Provisional Utility, is $5,665, and the provisional utility application is $3,690. In the case of Complex, Non-Provisional Utility Applications for $13,065 and provisional utility for $9,105.
How much to file a patent application?
A certain filing fee is required to file for a patent application. That filing fee depends on the type of patent. Each patent type has a different filing fee that is very reasonable depending on the ease and quality of service being provided. In the case of a non-provisional utility application (both simple and complex), the filing fee is $455. For provisional utility applications (both simple and complex), the filing fee is $75. The variation in costs, fees, and price are due to the difference in services.
Your invention is your property, and no other person should have access to it. In order to protect your idea, you should consult an experienced patent attorney and file for a patent now.